jimmymag Posted June 29, 2009 Share Posted June 29, 2009 According to BBC, and they say it's likely to be accepted according to their sources! http://news.bbc.co.uk/sport1/hi/football/teams/n/newcastle_united/8125576.stm Shepherd in £60m Newcastle offer Former Newcastle chairman Freddy Shepherd is heading a consortium in advanced talks over a £60m takeover the club, BBC Sport understands. Alan Shearer has been lined up to carry on as manager, who were relegated to the Championship last season. Owner Mike Ashley was asking for £100m but BBC Sport understands Shepherd's offer is likely to be accepted. Shepherd sold his Newcastle shares to current owner Mike Ashley two years ago as part of a £134m deal for the club. Ashley's total investment in the club is estimated at £244m, which includes paying off debts and buying new players. When Ashley first put the club up for sale last September, he hoped to get around £300m. Shepherd became chairman in 1997 when Sir John Hall and his son Douglas were the major shareholders and negotiated the £15m signing of Shearer. Always a controversial figure, he was forced out of the club when Ashley bought his controlling interest. Several other groups, including investors from Singapore, Oman and South Africa have also shown interest in buying the club. The man in charge of the sale, Keith Harris, the chairman of brokers Seymour Pierce, has said he expected a deal to be concluded by the end of this month. Link to post Share on other sites More sharing options...
Ronaldo Posted June 29, 2009 Share Posted June 29, 2009 rumour's being doing the rounds for the last 3 hours up here Link to post Share on other sites More sharing options...
Decky Posted June 29, 2009 Share Posted June 29, 2009 Has he got any money for after the deal like? Loans galore again then? PS: say its accepted, how long does it take before he is in and Ashley is out? Link to post Share on other sites More sharing options...
Dave Posted June 29, 2009 Share Posted June 29, 2009 According to BBC, and they say it's likely to be accepted according to their sources! Link? Link to post Share on other sites More sharing options...
jimmymag Posted June 29, 2009 Share Posted June 29, 2009 Can't see any confirmation on BBC website, but it's unusual for them to publicise a rumour without it having some foundation. Link to post Share on other sites More sharing options...
Stu Posted June 29, 2009 Share Posted June 29, 2009 Link to post Share on other sites More sharing options...
Dave Posted June 29, 2009 Share Posted June 29, 2009 Can't see any confirmation on BBC website, but it's unusual for them to publicise a rumour without it having some foundation. Where did you see/hear it? Link to post Share on other sites More sharing options...
lovejoy Posted June 29, 2009 Share Posted June 29, 2009 I hope to god it's true. Link to post Share on other sites More sharing options...
Parky Posted June 29, 2009 Share Posted June 29, 2009 It's perhaps believable as it is closer to a realistic price. Link to post Share on other sites More sharing options...
jimmymag Posted June 29, 2009 Share Posted June 29, 2009 Can't see any confirmation on BBC website, but it's unusual for them to publicise a rumour without it having some foundation. Where did you see/hear it? On News 24 by their sports journo. Link to post Share on other sites More sharing options...
Dave Posted June 29, 2009 Share Posted June 29, 2009 Can't see any confirmation on BBC website, but it's unusual for them to publicise a rumour without it having some foundation. Where did you see/hear it? On News 24 by their sports journo. Cheers. Link to post Share on other sites More sharing options...
madras Posted June 29, 2009 Share Posted June 29, 2009 rumour's being doing the rounds for the last 3 hours up here why didn't you say then ? Link to post Share on other sites More sharing options...
Mr Logic Posted June 29, 2009 Share Posted June 29, 2009 FFS, how much did he get selling his shares, 50 something million for 43% - now he might get the whole club for 60 mil. You couldn't make it up. Link to post Share on other sites More sharing options...
stozo Posted June 29, 2009 Share Posted June 29, 2009 At this piont I would welcome him back with open arms. Just shows how far we have fallen. Link to post Share on other sites More sharing options...
BottledDog Posted June 29, 2009 Share Posted June 29, 2009 Link to post Share on other sites More sharing options...
Decky Posted June 29, 2009 Share Posted June 29, 2009 I just want progress right now, to get on with sorting the squad and rebuilding, so im happy to get FFS back, for now. Also I do believe he will genuinely try to get up back in the Premier League ASAP. Link to post Share on other sites More sharing options...
jimmymag Posted June 29, 2009 Share Posted June 29, 2009 Still nothing on BBC website and SSN haven't picked up on it. Was I having a nightmare or did anyone else see/hear it??? Link to post Share on other sites More sharing options...
Dave Posted June 29, 2009 Share Posted June 29, 2009 Does anyone mind if this gets merged or does it warrant a new thread? Link to post Share on other sites More sharing options...
lovejoy Posted June 29, 2009 Share Posted June 29, 2009 I will be delighted personally. Which shows up the Ashley regime for what it is. Link to post Share on other sites More sharing options...
lovejoy Posted June 29, 2009 Share Posted June 29, 2009 Warrants a new thread IMO Link to post Share on other sites More sharing options...
Dokko Posted June 29, 2009 Share Posted June 29, 2009 Well it its an actual bid and its been accepted it might be nice to run it in its own thread for a while. Thought i reckon it will be denied by the morning and merged anyway. Link to post Share on other sites More sharing options...
Ronaldo Posted June 29, 2009 Share Posted June 29, 2009 rumour's being doing the rounds for the last 3 hours up here why didn't you say then ? Because it's a rumour, if I posted everything I heard down the (massively nufc orientated) pub i'd have more posts than Dave Link to post Share on other sites More sharing options...
Dokko Posted June 29, 2009 Share Posted June 29, 2009 Guessing its £60m upfront with it topped up to £100m So that's us £40m in debt to Ashley before we've even started. I want a bidder who can pay it all off and rebuild, i certainly don't want this cretin back with finances to worry about. Link to post Share on other sites More sharing options...
jimmymag Posted June 29, 2009 Share Posted June 29, 2009 If true = historic = own thread. If shite = do what you like. Link to post Share on other sites More sharing options...
Yorkie Posted June 29, 2009 Share Posted June 29, 2009 Huzzah. Fingers crossed this is progress and we can kick on with some ins and outs. Link to post Share on other sites More sharing options...
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