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RIP sale thread.


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Alan Shearer has met Freddy Shepherd to discuss what will happen should the former Newcastle United chairman succeed in buying the club back from Mike Ashley. Shepherd has been desperate to regain control at St James' Park ever since he was ousted by Ashley when the sports retailer secretly purchased Sir John Hall's majority shareholding two years ago.

 

http://www.guardian.co.uk/football/2009/jun/10/newcastle-united-alan-shearer-freddy-shepherd

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Does nobody else picture Shepherd as Gollum desperate to regain his 'precious' when you read sentences like 'Shepherd has been desperate to regain control at St James' Park ever since he was ousted by Ashley'?

 

There's a job for some photoshop genius.

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Does nobody else picture Shepherd as Gollum desperate to regain his 'precious' when you read sentences like 'Shepherd has been desperate to regain control at St James' Park ever since he was ousted by Ashley'?

 

There's a job for some photoshop genius.

:lol: belta :lol:

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How do you take a company which hires  former footballers in executive positions seriously? Not to mention that their landbanking scheme is a clear scam.

 

Is that you Derek? :lol:

 

Seriously though, I'm not sure anyone on here knows enough about them to say they'd be any good. Fuck knows, basically.

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Do a google on them. A big part of their business is selling greenbelt land in the UK to suckers from Asia, with the prospect of "developing" said land in the near future.

 

ive seen companies do that, buy a cheap field in the greenbelt with zero prospect of ever developing it, divide it into lots, make some glossy brochures and sell the plots off to ignorant suckers. they're no more than high-end con artists if what you say is true.

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http://www.independent.co.uk/sport/football/football-league/profitable-in-talks-over-newcastle-1701955.html

Profitable in talks over Newcastle

 

Bankers confirm interest from Singaporean company despite club's earlier denial

 

By Michael Walker

 

Thursday, 11 June 2009

 

Newcastle United's infamous capacity to bewilder revealed itself once again yesterday when hours after the club's managing director Derek Llambias publicly rubbished takeover claims from a Singapore-based company called the Profitable Group, sources close to the investment bank charged with selling Newcastle, Seymour Pierce, confirmed that Profitable had made contact and had to be considered contenders to buy based on that approach.

 

Llambias said on Tuesday that Profitable's reported interest in acquiring Newcastle was "total rubbish", but Seymour Pierce's view yesterday morning was different and in the afternoon Profitable issued a statement on their website.

 

"The Profitable Group can confirm that it has expressed an initial interest in acquiring Newcastle United," began the statement. "A preliminary discussion with the representatives appointed to handle the sale of the club has been held but contrary to some reports no direct talks have been held with either the owner, Mike Ashley, or the chairman [sic], Derek Llambias.

 

"The Group consider the leaking of the Group's interest in this matter unfortunate, and as supporters of Newcastle United seek only to serve in the best interests of the club, the fans and the local community. The Group will not be making any further comment at the present time."

 

Profitable have high-profile representatives in Steve McMahon, who is now based in Singapore part of the year, and in Kenny Dalglish, who does some consultancy work for the company which is promoting Liverpool's tour of Asia this summer. Profitable have stated that they would appoint Alan Shearer, who was managed by Dalglish at Blackburn and Newcastle.

 

There was some scepticism in the City of London yesterday as to Profitable's true economic clout, a sentiment that was voiced last year when they were also linked with a possible buy-out.

 

But whereas last year the Newcastle owner Mike Ashley was seeking a minimum of £180m – it was not known if the £110m interest-free loan Ashley has given Newcastle was on top of that – now the asking price at St James' Park is £100m.

 

That drop could have made Profitable more realistic buyers and until their interest is exhausted Seymour Pierce will treat them as credible. According to Llambias there may be four others who have made notable contact and among those consistently mentioned is a UK-based consortium and one in America. The South African group of businessmen who showed interest last September may also be reviewing the situation.

 

There is still confidence that Seymour Pierce's Keith Harris was correct in saying that the end of June could see a deal done.

 

With another day passing without Shearer being appointed by Ashley – a fortnight ago Llambias said Shearer was "110 per cent" the manager Newcastle wanted – the club continues to operate with Chris Hughton as its most senior football figure.

 

;D

 

Always the fucking same with us isn't it.

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Do a google on them. A big part of their business is selling greenbelt land in the UK to suckers from Asia, with the prospect of "developing" said land in the near future.

 

ive seen companies do that, buy a cheap field in the greenbelt with zero prospect of ever developing it, divide it into lots, make some glossy brochures and sell the plots off to ignorant suckers. they're no more than high-end con artists if what you say is true.

 

Yep, thats about all it is. Look at the ads Singapore Mag posted if you want to confirm that. "Now everybody can own UK land!"

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Guest optimistic nit

The Profitable Group can confirm that it has expressed an initial interest in acquiring Newcastle United. A preliminary discussion with the representatives appointed to handle the sale of the club has been held but contrary to some reports no direct talks have been held with either the Owner, Mike Ashley, or the Chairman, Derek Lambias.

 

The Group consider the leaking of The Group's interest in this matter unfortunate, and as supporters of Newcastle United seek only to serve in the best interests of the cluib, the fans and the local community.

 

The Group will not be making any further comment at the present time.

 

If the proofreading of a simple statement is anything to go by, the Profitable Group is off to a roaring start.

 

Just like Ashley's email to David Craig. :lol:

 

One or two word mistakes are fine. It's when they turn out statements like:

 

"Following media reports this morning the chairman wishes to make it clear that Alan Shearer has never said to him that he would knock seven bells out of anyone."

 

that I'll start to worry :lol:

 

if they cant even make a simple statement look proffessional then what hope is there for the rest of their dealings. shit scared of these guys, would much prefer freddy and that says alot.

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The Profitable Group can confirm that it has expressed an initial interest in acquiring Newcastle United. A preliminary discussion with the representatives appointed to handle the sale of the club has been held but contrary to some reports no direct talks have been held with either the Owner, Mike Ashley, or the Chairman, Derek Lambias.

 

The Group consider the leaking of The Group's interest in this matter unfortunate, and as supporters of Newcastle United seek only to serve in the best interests of the cluib, the fans and the local community.

 

The Group will not be making any further comment at the present time.

 

If the proofreading of a simple statement is anything to go by, the Profitable Group is off to a roaring start.

 

Just like Ashley's email to David Craig. :lol:

 

One or two word mistakes are fine. It's when they turn out statements like:

 

"Following media reports this morning the chairman wishes to make it clear that Alan Shearer has never said to him that he would knock seven bells out of anyone."

 

that I'll start to worry :lol:

 

neither come anywhere near this official statement for crassness: "Mr Llambias does recall saying he was very frustrated by Mr Keegan during a negotiations meeting that he could have slapped him." though the hilarious "It is the fact" tantrum was even worse.

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These lot sound like a bunch of cowboys. Liquidated in 2007, Property scams and worst of all, terrible adverts.

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Getting abit unsure of this lot myself now, I mean people complained at how keen Ashley was to make money out of the club, this lot seem like they would sell the seats from under our arses for a few quid.

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Found some info under their ads on youtube and here.

 

It looks like they were based in the UK until 2007 when they put the company into liquidation and scarpered to Asia like typical conmen.

 

Some people did get refunds, but if they've made enough to buy the club (impossible, surely?) obviously not all did.

 

More likely this is a just a PR exercise for the football fans in Asia, just like having ex-footballers in their adverts.

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Just spoken to someone who works at the club and its not good.

 

They will not appoint a manager until the week preceeding the first match of the season unless the club is sold

 

Most people have cleared their desks at the club and no-one knows if they will return

 

They reckon any decent bids for players will be accepted.

 

Half the stadium will be closed come our first home game

 

No planning of any kind is being undertaken, media/sponsrship deals already present will continue but no work is being done to generate revenue.

 

What a load of horse s***.

 

I just said what she told me, whether it's true remains to be seen,I don't post stuff like this unless it seems convincing, I have no reason not to believe her.

 

I hope its not true but would it surprise you?  Probably not, we'd all expect this, or something along these lines.

 

What part of the club does she work in ?

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This c*** is going to drag the sale out so he can sell as many players as he can, it will end up with the buyers just dropping out as he won't give them long enough to build a squad. They will want to buy the club with a full squad so they can choose who to sell and who to keep, so players sold will give them funds towards new signings, and they will want enough time to do this.

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Skysports News yellow ticker:

 

PROFITABLE GROUP CONFIRM INTEREST IN BUYING NEWCASTLE

 

David Craig says:

 

- 'Another' declared runner in the race, the Profitable Group

 

- "expressed an initial interest in buying the Club"

 

- "no direct talks have taken place with Llambias or Ashley"

 

- Formerly the "profitable plot company" went into liquidation, some of the directors from that are still in The Profitable Group

 

And now they've interrupted him, for news on Cristiano Ronaldo. :lol:

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http://www.journallive.co.uk/nufc/newcastle-united-news/2009/06/11/proof-wanted-that-profitable-group-have-funds-to-buy-nufc-61634-23841233/

 

NEWCASTLE United have challenged the Singapore-based Profitable Group to provide “immediate proof” that they have the funds to back up their interest in buying the club.

 

At the start of another intriguing day of claims and counter-claims at St James’s Park, Profitable contacted investment bankers Seymour Pierce to register their interest in making a bid for United.

 

But The Journal understands they are only one of four groups interested in taking over – and that two “serious” consortia have already provided proof that they have the funds to back up their interest.

 

A group led by a very wealthy South African-based banker, and another consortium fronted by former chairman Freddie Shepherd, are understood to be at a significantly more advanced stage than Profitable.

 

A group led by former chairman Shepherd is believed to be further along than the Singapore group, with some suggestions that they have even begun due diligence. It is unclear who is providing the backing for the group being guided by Shepherd.

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