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RIP sale thread.


Tooj
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http://www.independent.co.uk/sport/football/football-league/moat-puts-jokes-on-hold-to-end-st-james-farce-1768415.html

A former estate agent who was born in Tynemouth, Moat is thought to have investment from American backers and is sufficiently far advanced in his dealings that if he decides to go ahead no competing consortium will be able to act in time to head him off. He was linked to a possible Newcastle takeover five years ago shortly before he left Premier Direct. Sources yesterday stressed that a Moat-led takeover is not a done deal, although he leads the field by some distance.

 

Also:

[He] drives a Range Rover with the registration "NU 1"

 

:snod:

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http://www.guardian.co.uk/football/2009/aug/07/newcastle-barry-moat-mike-ashley

Newcastle remain in limbo as potential buyer Moat keeps silence

 

• Barry Moat believed to be 60-40 to buy Newcastle

• Local businessman must put money on the table

 

    * Louise Taylor

    * The Guardian, Friday 7 August 2009

 

The odds of Barry Moat buying out Mike Ashley and spearheading a takeover at Newcastle United are said to be around 60-40. Moat, a Tyneside businessman in his early 40s who chaired Alan Shearer's testimonial committee, is understood to be backed by heavyweight investment from the United States. Freddy Shepherd, the former Newcastle chairman, is thought not to be involved although he and Moat are believed to be good friends.

 

Moat has been secretly negotiating with Ashley and Seymour Pierce, the London investment bank brokering the sale, for several weeks, completing exhaustive due diligence on the Championship club. "There have been talks but it's a case of putting the money on the table," a Newcastle source said.

 

Even so, a final price has not been agreed and, according to sources, some "important detail" needs to be ironed out. If a deal is going to happen it will be by the end of the weekend and should Moat's bid fall through, Ashley is likely to be left in charge of Newcastle for another season.

 

It is thought that another potential bidder, almost certainly from the Middle East, is no longer keen to proceed. Sources close to the sale emphatically deny that the sudden emergence of Moat's name is an attempt to flush out a buyer or put pressure on other parties who have developed cold feet.

 

Those close to the deal know that Moat and his backers have deliberated long and hard about buying Newcastle. Indeed, although there is quiet optimism of a successful outcome, they also accept there is still "a real risk" of Moat and his underwriters walking away at the final hurdle.

 

Newcastle's gargantuan wage bill is said to remain "a big issue" and the club's price – Ashley is believed to still want £100m – will be dependent on how many players the club can sell before the weekend. Last night Sébastien Bassong completed his move to Tottenham Hotspur for about £8m and another defender could leave today. Newcastle have agreed a fee with Hull City for Habib Beye, although Aston Villa may try to hijack that deal.

 

Another concern at Seymour Pierce is that Moat, in the business sphere at least, is intensely private and had insisted his identity must be a closely guarded secret during the negotiating process. He has maintained that his name must not be made public until any agreement is concluded and there was a tacit understanding he could walk away if it came out.

 

Moat, who would want to reappoint Shearer as manager, is also worried that too many of the club's current squad appear unsuited to Championship football and that an instant return to the Premier League may be beyond the club. As a box holder at St James' Park – where he used to socialise regularly with Ashley – he has witnessed the team's travails at first hand but, as a businessman, he must decide whether he and his backers can bear the potential cost of two or more seasons in the Championship. It is too early for the unspecified amount Moat invested in the club's academy, at Ashley's instigation, to bear fruit.

 

Best known in the north-east for his former role as a founder and later owner and chief executive of the South Shields-based Premier Direct Group, which sold books and novelty toys, Moat stepped down from the company in 2005 for "personal reasons". Two years later, he spent around £18m on buying 2,566 acres of land in Northumberland from the Church Commissioners for "investment purposes". Moat has a property on Darras Hall but lives in the upmarket Newcastle suburb of Jesmond, where Shepherd is a near neighbour.

 

He is now involved in property development and has a company, Lugano Property Group, in Newcastle. He is also the director of several telecoms companies offering cheap internet‑based calls.

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Compared to Ashley, whose Sports Direct company floated for around £1bn in 2007, Moat is strictly small-time. He made his name as chief executive of Premier Direct, a company who pioneered "workplace selling" of novelty toys – "Choke the Chicken" was another big seller – in which Moat built up a personal stake of around 25 per cent.

 

Rings a bell, remember it pissing off the RSPCA

http://www.theregister.co.uk/2005/10/20/choke_a_chicken/

 

If he has had anything to do with painfully unfunny singing fish/hamsters/crocodiles then he can fuck right off, I'd rather have some far easterner who presides over sweatshops and gang hits.

 

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http://www.guardian.co.uk/football/2009/aug/07/newcastle-barry-moat-mike-ashley

Newcastle remain in limbo as potential buyer Moat keeps silence

 

Barry Moat believed to be 60-40 to buy Newcastle

Local businessman must put money on the table

 

    * Louise Taylor

    * The Guardian, Friday 7 August 2009

 

The odds of Barry Moat buying out Mike Ashley and spearheading a takeover at Newcastle United are said to be around 60-40. Moat, a Tyneside businessman in his early 40s who chaired Alan Shearer's testimonial committee, is understood to be backed by heavyweight investment from the United States. Freddy Shepherd, the former Newcastle chairman, is thought not to be involved although he and Moat are believed to be good friends.

 

Moat has been secretly negotiating with Ashley and Seymour Pierce, the London investment bank brokering the sale, for several weeks, completing exhaustive due diligence on the Championship club. "There have been talks but it's a case of putting the money on the table," a Newcastle source said.

 

Even so, a final price has not been agreed and, according to sources, some "important detail" needs to be ironed out. If a deal is going to happen it will be by the end of the weekend and should Moat's bid fall through, Ashley is likely to be left in charge of Newcastle for another season.

 

It is thought that another potential bidder, almost certainly from the Middle East, is no longer keen to proceed. Sources close to the sale emphatically deny that the sudden emergence of Moat's name is an attempt to flush out a buyer or put pressure on other parties who have developed cold feet.

 

Those close to the deal know that Moat and his backers have deliberated long and hard about buying Newcastle. Indeed, although there is quiet optimism of a successful outcome, they also accept there is still "a real risk" of Moat and his underwriters walking away at the final hurdle.

 

Newcastle's gargantuan wage bill is said to remain "a big issue" and the club's price Ashley is believed to still want £100m will be dependent on how many players the club can sell before the weekend. Last night Sébastien Bassong completed his move to Tottenham Hotspur for about £8m and another defender could leave today. Newcastle have agreed a fee with Hull City for Habib Beye, although Aston Villa may try to hijack that deal.

 

Another concern at Seymour Pierce is that Moat, in the business sphere at least, is intensely private and had insisted his identity must be a closely guarded secret during the negotiating process. He has maintained that his name must not be made public until any agreement is concluded and there was a tacit understanding he could walk away if it came out.

 

Moat, who would want to reappoint Shearer as manager, is also worried that too many of the club's current squad appear unsuited to Championship football and that an instant return to the Premier League may be beyond the club. As a box holder at St James' Park where he used to socialise regularly with Ashley he has witnessed the team's travails at first hand but, as a businessman, he must decide whether he and his backers can bear the potential cost of two or more seasons in the Championship. It is too early for the unspecified amount Moat invested in the club's academy, at Ashley's instigation, to bear fruit.

 

Best known in the north-east for his former role as a founder and later owner and chief executive of the South Shields-based Premier Direct Group, which sold books and novelty toys, Moat stepped down from the company in 2005 for "personal reasons". Two years later, he spent around £18m on buying 2,566 acres of land in Northumberland from the Church Commissioners for "investment purposes". Moat has a property on Darras Hall but lives in the upmarket Newcastle suburb of Jesmond, where Shepherd is a near neighbour.

 

He is now involved in property development and has a company, Lugano Property Group, in Newcastle. He is also the director of several telecoms companies offering cheap internet‑based calls.

 

Why do you keep posting her articles mate?

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http://www.guardian.co.uk/football/2009/aug/07/newcastle-barry-moat-mike-ashley

Newcastle remain in limbo as potential buyer Moat keeps silence

 

Barry Moat believed to be 60-40 to buy Newcastle

Local businessman must put money on the table

 

    * Louise Taylor

    * The Guardian, Friday 7 August 2009

 

The odds of Barry Moat buying out Mike Ashley and spearheading a takeover at Newcastle United are said to be around 60-40. Moat, a Tyneside businessman in his early 40s who chaired Alan Shearer's testimonial committee, is understood to be backed by heavyweight investment from the United States. Freddy Shepherd, the former Newcastle chairman, is thought not to be involved although he and Moat are believed to be good friends.

 

Moat has been secretly negotiating with Ashley and Seymour Pierce, the London investment bank brokering the sale, for several weeks, completing exhaustive due diligence on the Championship club. "There have been talks but it's a case of putting the money on the table," a Newcastle source said.

 

Even so, a final price has not been agreed and, according to sources, some "important detail" needs to be ironed out. If a deal is going to happen it will be by the end of the weekend and should Moat's bid fall through, Ashley is likely to be left in charge of Newcastle for another season.

 

It is thought that another potential bidder, almost certainly from the Middle East, is no longer keen to proceed. Sources close to the sale emphatically deny that the sudden emergence of Moat's name is an attempt to flush out a buyer or put pressure on other parties who have developed cold feet.

 

Those close to the deal know that Moat and his backers have deliberated long and hard about buying Newcastle. Indeed, although there is quiet optimism of a successful outcome, they also accept there is still "a real risk" of Moat and his underwriters walking away at the final hurdle.

 

Newcastle's gargantuan wage bill is said to remain "a big issue" and the club's price Ashley is believed to still want £100m will be dependent on how many players the club can sell before the weekend. Last night Sébastien Bassong completed his move to Tottenham Hotspur for about £8m and another defender could leave today. Newcastle have agreed a fee with Hull City for Habib Beye, although Aston Villa may try to hijack that deal.

 

Another concern at Seymour Pierce is that Moat, in the business sphere at least, is intensely private and had insisted his identity must be a closely guarded secret during the negotiating process. He has maintained that his name must not be made public until any agreement is concluded and there was a tacit understanding he could walk away if it came out.

 

Moat, who would want to reappoint Shearer as manager, is also worried that too many of the club's current squad appear unsuited to Championship football and that an instant return to the Premier League may be beyond the club. As a box holder at St James' Park where he used to socialise regularly with Ashley he has witnessed the team's travails at first hand but, as a businessman, he must decide whether he and his backers can bear the potential cost of two or more seasons in the Championship. It is too early for the unspecified amount Moat invested in the club's academy, at Ashley's instigation, to bear fruit.

 

Best known in the north-east for his former role as a founder and later owner and chief executive of the South Shields-based Premier Direct Group, which sold books and novelty toys, Moat stepped down from the company in 2005 for "personal reasons". Two years later, he spent around £18m on buying 2,566 acres of land in Northumberland from the Church Commissioners for "investment purposes". Moat has a property on Darras Hall but lives in the upmarket Newcastle suburb of Jesmond, where Shepherd is a near neighbour.

 

He is now involved in property development and has a company, Lugano Property Group, in Newcastle. He is also the director of several telecoms companies offering cheap internet‑based calls.

 

Why do you keep posting her articles mate?

Same old shit as the other day too the dosey bint, love to know who she fucks at the paper, she must be doing some fker to be able to carry on being used.

He keeps silence? silent surely?

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out of the frying pan and into the fire??

 

"When Moat eventually stepped down as chief executive in November 2005 he sold a 19 per cent stake in the company at 620p a share, 12 times what he paid for them. By April 2006 the company had issued a profit warning and in June 2008, with shares worth 16p when trading was suspended, it went into administration with the loss of 101 jobs. There is no suggestion that Moat did anything wrong."

 

 

could he be another wide boy?

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out of the frying pan and into the fire??

 

"When Moat eventually stepped down as chief executive in November 2005 he sold a 19 per cent stake in the company at 620p a share, 12 times what he paid for them. By April 2006 the company had issued a profit warning and in June 2008, with shares worth 16p when trading was suspended, it went into administration with the loss of 101 jobs. There is no suggestion that Moat did anything wrong."

 

 

could he be another wide boy?

 

He's from Tynemouth though so it doesn't matter. ;)

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RIGHT THEN LADS!!

My ITK has just given me a message, now be aware although he IS an ITK he can be a bit of a WUM at times, now take this as is. I know we have all had so much to take over the past few months, news after news that have built up our hopes and then seen them dashed.

Now he sent proof not just text SO here is what the message was.......................

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

http://img33.imageshack.us/img33/2033/dscf7636.jpg

 

:lol:

 

Loon!

 

OMG I've got to change my shirt for work, coffee all over it. That is awesome.

 

I officially LOVE this thread!!!!!

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http://www.telegraph.co.uk/sport/football/5985057/Newcastle-takeover-in-balance-as-Mike-Ashley-and-Barry-Moat-wrangle-over-fee.html

Newcastle takeover in balance as Mike Ashley and Barry Moat wrangle over fee

Talks between representatives of Newcastle owner Mike Ashley and prospective buyer Barry Moat will continue on Friday as they attempt to complete a takeover deal in time for the start of the Championship season this weekend.

 

By Paul Kelso

Published: 8:00AM BST 07 Aug 2009

 

The Daily Telegraph disclosed on Thursday that Moat was in advanced negotiations over the purchase of the club, and the Tyneside-based businessman spent Thursday in discussions with Keith Harris, chairman of Seymour Pierce, the investment bank handling the sale for Ashley.

 

Talks between the two sides will resume on Friday, with price understood to be the main point of contention. Ashley initially demanded £100 million for the club, but with the annual wage bill standing at more than £65 million, Moat is reluctant to meet the valuation.

 

Unless a number of the best-paid players can be offloaded before the transfer window closes at the end of August, Moat’s valuation puts the club at closer to £70 million.

 

Sources close to the process said on Thursday night that a compromise price between £70 million and around £90 million could be agreed, but there was no certainty that the deal would go through.

 

Club sources have indicated in recent weeks that Ashley, who is in the United States, is so desperate to offload the club that he would consider taking a down payment now and offering a loan note for the balance of the sale.

 

Ashley’s intentions have not always been consistent however, and it is unclear to what lengths he is willing to go to to ensure a sale.

 

Earlier this week he let it be known that he would stay at the club for another season if a deal could not be agreed by the end of this week. Club sources also indicated some scepticism at Moat’s chances of sealing a deal on Thursday.

 

Seymour Pierce are satisfied that he has the means to complete a takeover however and believe that Moat represents Ashley’s best chance of an exit strategy before the season starts.

 

Having put the club up for sale Ashley is negotiating from an exceptionally weak position and risks seeing his personal losses on the club, already running at more than £100 million, increasing if the club do not bounce back to the Premier League.

 

As the club’s largest single outgoing, player wages are a significant stumbling block. When Newcastle were relegated they had 12 players earning close to £3 million a year, an unmanageable burden for a club with revenues unlikely to reach much more than half that figure in the Championship.

 

Leading player agency First Artists has a mandate from Ashley to offload players. Obafemi Martins has already been sold for £8.5 million, and Sebastien Bassong and Habib Beye are likely to follow, to Tottenham and Hull respectively.

 

High earners Joey Barton and Alan Smith will remain at least in the short-term however, with Smith due to captain the side in their opening game at West Bromwich Albion on Saturday.

 

Alan Shearer, who Moat will approach to manage the club should his takeover succeed, will watch the game at the Hawthorns for the BBC, and is expected to break his silence in an interview with Football Focus on Saturday lunchtime.

 

His return would be hugely popular with supporters desperate for Ashley to depart, but resigned to him remaining in charge for the start of the club’s first season outside the Premier League in 16 years.

 

:dontknow:

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Guest toonlass

RIGHT THEN LADS!!

My ITK has just given me a message, now be aware although he IS an ITK he can be a bit of a WUM at times, now take this as is. I know we have all had so much to take over the past few months, news after news that have built up our hopes and then seen them dashed.

Now he sent proof not just text SO here is what the message was.......................

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

http://img33.imageshack.us/img33/2033/dscf7636.jpg

 

:lol:

 

Loon!

 

OMG I've got to change my shirt for work, coffee all over it. That is awesome.

 

I officially LOVE this thread!!!!!

 

Literally  :spit:

 

Thanks Skirge, you owe me another monitor mate.

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