RIP sale thread.

[ToonTastic]

bollocks to the ronnie, this is going to happen. What sets it apart from other rumors is that Ashleys been told to accept the bid apparently. That would indicate that hes been a right stubborn c*** previously IMO

 

According to the paper he has been told that. Same was reported about another bidder a few weeks back.

[adam1]

bollocks to the ronnie, this is going to happen. What sets it apart from other rumors is that Ashleys been told to accept the bid apparently. That would indicate that hes been a right stubborn c*** previously IMO

 

. Same was reported about another bidder a few weeks back.

 

ah was it, didnt realise

[biggs]

Doesn't tell you who's dismissed them. Doesn't even mention a source says, f***ing hell, no wonder most people only buy it on a thursday.

Thats right no quotes etc there probably jealous they have been beaten too it ,fingers crossed and rub my lucky cock

[Guest Stephen927]

I would much prefer Billy Ocean.

[gray]

Whenever I read chronicle articles I start at the headline, then skip to the first ""

 

Therefore that article has no content

[Dave]

Dunno if this has been posted yet:

 

http://www.telegraph.co.uk/sport/5979743/Newcastle-United-takeover-a-step-closer-as-local-millionaire-Barry-Moat-holds-talks.html

Newcastle United takeover a step closer as local millionaire Barry Moat holds talks

Hopes of a deal to rescue Newcastle United rose on Wednesday night as Tyneside-based businessman Barry Moat held talks with advisers to club owner Mike Ashley aimed at securing a £100 million takeover.

 

 

By Paul Kelso, Chief Sports Reporter

Published: 6:30AM BST 06 Aug 2009

 

 

With the start of the new Championship season looming, Telegraph Sport can disclose that Moat was in London on Wednesday night holding talks with representatives from investment bank Seymour Pierce, who are handling the sale on Ashley's behalf. Talks are expected to continue on Thursday.

 

Sources said that while a deal had not yet been concluded, the negotiations with Moat represented the best "exit strategy" for Ashley, who is facing losses of at least £100 million.

 

Moat, an associate of Alan Shearer and an executive box-holder at St James' Park, is the front-runner to buy out Ashley after completing due diligence on the club books in the last week.

 

If a deal can be agreed the formal takeover could take several weeks to complete, but crucially it would allow the club to prepare for the new season with some certainty.

 

Ashley has set an informal deadline of the end of this week for the takeover, but has approached Joe Kinnear about returning as manager should the deal fall through.

 

Should Moat succeed, he is likely to approach Shearer to return to the manager's chair two months after he vacated having failed to keep the club in the Premier League.

 

Under the terms of the proposed deal Moat would put in £50 million of his own money and bring in a further £50 million of outside investment to meet Ashley's asking price.

 

The source of the external investment remains uncertain, but Moat is understood to be confident that he can secure bank or private equity finance to make up the shortfall.

 

Moat has mapped out a vision for the revival of the club based around a new management team, and is hopeful that investors will buy into the prospect of a swift return to the Premier League.

 

Due diligence on the club's books has been carried out by corporate lawyer Timothy Smalley.

 

Moat has been linked with a possible takeover of the club in the past. A millionaire with diverse business interests across the North East, he has significant property holdings and a development portfolio. He is a director of several telecoms companies offering cheap internet-based call services.

 

Should he succeed in pulling off the deal he is likely to be popular with supporters who crave a local owner to take the club forward.

 

Despite clearing most of Newcastle's historic debt when he took over, Ashley's apparent disregard for the club's heritage and the reckless decision-making that contributed to relegation have won him only enemies on Tyneside.

 

Locally owned and with Shearer at the helm, the club would gain important momentum as they attempt to win promotion at the first attempt.

 

A swift return to the Premier League would help alleviate the dire financial consequences of relegation. Newcastle's wage bill stands at more than £65 million, and with Championship revenues likely to be little more than £40 million, the outlook is sobering.

 

Agency First Artists has a mandate from Ashley to offload the highest wage-earners, and at the weekend they secured the sale of Obafemi Martins to Wolfsburg, bringing in €10 million (£8.5 million) and knocking up to £3 million off the wage bill.

 

Further sales will follow, with Sebastien Bassong likely to depart in the coming days for around £9 million and other well-paid players expected to follow.

[ianovthetoon]

Dunno if this has been posted yet:

 

http://www.telegraph.co.uk/sport/5979743/Newcastle-United-takeover-a-step-closer-as-local-millionaire-Barry-Moat-holds-talks.html

Newcastle United takeover a step closer as local millionaire Barry Moat holds talks

Hopes of a deal to rescue Newcastle United rose on Wednesday night as Tyneside-based businessman Barry Moat held talks with advisers to club owner Mike Ashley aimed at securing a £100 million takeover.

 

 

By Paul Kelso, Chief Sports Reporter

Published: 6:30AM BST 06 Aug 2009

 

 

With the start of the new Championship season looming, Telegraph Sport can disclose that Moat was in London on Wednesday night holding talks with representatives from investment bank Seymour Pierce, who are handling the sale on Ashley's behalf. Talks are expected to continue on Thursday.

 

Sources said that while a deal had not yet been concluded, the negotiations with Moat represented the best "exit strategy" for Ashley, who is facing losses of at least £100 million.

 

Moat, an associate of Alan Shearer and an executive box-holder at St James' Park, is the front-runner to buy out Ashley after completing due diligence on the club books in the last week.

 

If a deal can be agreed the formal takeover could take several weeks to complete, but crucially it would allow the club to prepare for the new season with some certainty.

 

Ashley has set an informal deadline of the end of this week for the takeover, but has approached Joe Kinnear about returning as manager should the deal fall through.

 

Should Moat succeed, he is likely to approach Shearer to return to the manager's chair two months after he vacated having failed to keep the club in the Premier League.

 

Under the terms of the proposed deal Moat would put in £50 million of his own money and bring in a further £50 million of outside investment to meet Ashley's asking price.

 

The source of the external investment remains uncertain, but Moat is understood to be confident that he can secure bank or private equity finance to make up the shortfall.

 

Moat has mapped out a vision for the revival of the club based around a new management team, and is hopeful that investors will buy into the prospect of a swift return to the Premier League.

 

Due diligence on the club's books has been carried out by corporate lawyer Timothy Smalley.

 

Moat has been linked with a possible takeover of the club in the past. A millionaire with diverse business interests across the North East, he has significant property holdings and a development portfolio. He is a director of several telecoms companies offering cheap internet-based call services.

 

Should he succeed in pulling off the deal he is likely to be popular with supporters who crave a local owner to take the club forward.

 

Despite clearing most of Newcastle's historic debt when he took over, Ashley's apparent disregard for the club's heritage and the reckless decision-making that contributed to relegation have won him only enemies on Tyneside.

 

Locally owned and with Shearer at the helm, the club would gain important momentum as they attempt to win promotion at the first attempt.

 

A swift return to the Premier League would help alleviate the dire financial consequences of relegation. Newcastle's wage bill stands at more than £65 million, and with Championship revenues likely to be little more than £40 million, the outlook is sobering.

 

Agency First Artists has a mandate from Ashley to offload the highest wage-earners, and at the weekend they secured the sale of Obafemi Martins to Wolfsburg, bringing in €10 million (£8.5 million) and knocking up to £3 million off the wage bill.

 

Further sales will follow, with Sebastien Bassong likely to depart in the coming days for around £9 million and other well-paid players expected to follow.

 

Read that, and as it actually has facts in it, I'll believe it until there's some direct quotes rubbishing it

[Slugsy]

Not particulalry impressed - he doesn't have a lot of cash, very similar in some respects to Freddy but I suppose he is a better option than Ashley and beggars cant be choosers.

[Guest Pedro_de_geordieo]

Well he's my choice thats no doubt!

[NG32]

Not particulalry impressed - he doesn't have a lot of cash, very similar in some respects to Freddy but I suppose he is a better option than Ashley and beggars cant be choosers.

 

It was mentioned in another aticle that he was backed by US investors.

[TRon]

I doubt the Chronicle would have dismissed it so quickly unless they had some info tbh. There again, it's only on their web page, it could easily disappear in the next couple of hours.

[Slugsy]

Not particulalry impressed - he doesn't have a lot of cash, very similar in some respects to Freddy but I suppose he is a better option than Ashley and beggars cant be choosers.

 

It was mentioned in another aticle that he was backed by US investors.

 

He will need to be

[Dave]

I doubt the Chronicle would have dismissed it so quickly unless they had some info tbh. There again, it's only on their web page, it could easily disappear in the next couple of hours.

 

I still believe that though this is probably a genuine bid, it's being propped up to scare another bidder into moving quicker and/or offering more.

[ToonTastic]

Not particulalry impressed - he doesn't have a lot of cash, very similar in some respects to Freddy but I suppose he is a better option than Ashley and beggars cant be choosers.

 

It was mentioned in another aticle that he was backed by US investors.

 

He will need to be

 

Why ? Lets be honest here, the 100m loan which was backed on us getting 28,000 fans through the door was costing the club only £4m a year it wasn't an issue and still wouldn't be.

[Guest sicko2ndbest]

I doubt the Chronicle would have dismissed it so quickly unless they had some info tbh. There again, it's only on their web page, it could easily disappear in the next couple of hours.

 

I still believe that though this is probably a genuine bid, it's being propped up to scare another bidder into moving quicker and/or offering more.

 

Or it has been made to sound a lot closer than it is, therefore still quite a way to run. If they didnt deny it, you know our lot they will be expecting it yesterday

[Guest Roger Kint]

So based on the Times it could be either:

 

Option 1: Sell for about £75m or whatever to Moat and at least gain a tiny bit of goodwill for finally doing one good thing.

 

Option 2: Stay and pump in £40m more and no doubt waste it on rank decisions/appointments/signings etc then start this whole farce again in May in the same league but with £140m price tag and being worse off for it?

 

Why do we just know what this fat bastard will end up doing?

[Guest sicko2ndbest]

I think the Bassong deal, should it go through, will act as a catalyst for the takeover (crosses fingers)

[Dave]

I think the Bassong deal, should it go through, will act as a catalyst for the takeover (crosses fingers)

 

Depending on how the payments are arranged (and knowing Spurs it will be 50p up front and the rest when he's won the World Cup. With France.), this and the Martins sale should make the overdraft look much more palatable.

[Guest dover]

I think the Bassong deal, should it go through, will act as a catalyst for the takeover (crosses fingers)

 

Whys that then? our best defender on the lowest wages and we cashed in? who we going to get to replace him on those wages?

[ToonTastic]

So based on the Times it could be either:

 

Option 1: Sell for about £75m or whatever to Moat and at least gain a tiny bit of goodwill for finally doing one good thing.

 

Option 2: Stay and pump in £40m more and no doubt waste it on rank decisions/appointments/signings etc then start this whole farce again in May in the same league but with £140m price tag and being worse off for it?

 

Why do we just know what this fat b****** will end up doing?

 

I believe the £40m is for wages nothing else.

[ToonTastic]

I think the Bassong deal, should it go through, will act as a catalyst for the takeover (crosses fingers)

 

Whys that then? our best defender on the lowest wages and we cashed in? who we going to get to replace him on those wages?

 

yeah but the fee makes it worth while I guess. Total of about £20m for the sale of two players. That amount will possibly cover half of the players wages for the season.

[Guest sicko2ndbest]

I think the Bassong deal, should it go through, will act as a catalyst for the takeover (crosses fingers)

 

Depending on how the payments are arranged (and knowing Spurs it will be 50p up front and the rest when he's won the World Cup. With France.), this and the Martins sale should make the overdraft look much more palatable.

 

I know what you are saying but Ashley has nothing to gain by Spuds spreading the payments to a ridiculous extent. Bassong isnt a priority sale (low wages). I fully expect it to be something like:

 

- 7-8 million up front

- 1 million on 50 first team appearances

- 1 million on UEFA cup qualification

- 1 million on champions league qualification

[Guest Roger Kint]

So based on the Times it could be either:

 

Option 1: Sell for about £75m or whatever to Moat and at least gain a tiny bit of goodwill for finally doing one good thing.

 

Option 2: Stay and pump in £40m more and no doubt waste it on rank decisions/appointments/signings etc then start this whole farce again in May in the same league but with £140m price tag and being worse off for it?

 

Why do we just know what this fat b****** will end up doing?

 

I believe the £40m is for wages nothing else.

 

So its just a rank decision and appointment that will see his £40m disappear then

[Dave]

I think the Bassong deal, should it go through, will act as a catalyst for the takeover (crosses fingers)

 

Depending on how the payments are arranged (and knowing Spurs it will be 50p up front and the rest when he's won the World Cup. With France.), this and the Martins sale should make the overdraft look much more palatable.

 

I know what you are saying but Ashley has nothing to gain by Spuds spreading the payments to a ridiculous extent. Bassong isnt a priority sale (low wages). I fully expect it to be something like:

 

- 7-8 million up front

- 1 million on 50 first team appearances

- 1 million on UEFA cup qualification

- 1 million on champions league qualification

 

I was being facetious.

 

Agree with you regarding any such deal. And as Phil says, if we're getting £15-20m up front it will go a long way to helping the club tick over.

[ianovthetoon]

I think the Bassong deal, should it go through, will act as a catalyst for the takeover (crosses fingers)

 

Whys that then? our best defender on the lowest wages and we cashed in? who we going to get to replace him on those wages?

 

yeah but the fee makes it worth while I guess. Total of about £20m for the sale of two players. That amount will possibly cover half of the players wages for the season.

 

It's not just a case of cashing in, he's made it quite clear he wanted out. His head has been turned and I doubt we would have got anywhere near the level of performance out of him that we did last year. To get 20 times what we paid for him back in little over 12 months represents good business