HaydnNUFC Posted October 16, 2017 Share Posted October 16, 2017 On 16/10/2017 at 21:15, number9shirt said: Very significant part of the statement is that The owner of the club is St. James Holdings Limited. I'm pretty sure this company was only used for buying Newcastle United (& potential selling it). Thereafter the ownership was moved to mash holding. Is St. James' Holdings not a privately held subsidiary of MASH? Link to post Share on other sites More sharing options...
mighty__mag Posted October 16, 2017 Share Posted October 16, 2017 On 16/10/2017 at 19:03, Dave said: Quote A formal announcement of what has unofficially been known for some considerable time is of some interest - but perhaps more significantly, invalidates all recent claims of takeover bids and ongoing interest. Quite simply were Amanda Staveley, those mysterious Chinese bidders or anyone else to have had a genuine interest in the club, this statement wouldn't exist. That it does is confirmation that an awful lot of speculation masquerading as knowledge has been foisted on Newcastle supporters in recent weeks. Could be to pressure someone into buying if they have gone in low, he could have said open it up to anyone in the hope they press forward with things? Link to post Share on other sites More sharing options...
number9shirt Posted October 16, 2017 Share Posted October 16, 2017 On 16/10/2017 at 21:17, HaydnNUFC said: Quote Very significant part of the statement is that The owner of the club is St. James Holdings Limited. I'm pretty sure this company was only used for buying Newcastle United (& potential selling it). Thereafter the ownership was moved to mash holding. Is St. James' Holdings not a privately held subsidiary of MASH? No idea. I just thought this change was of significant importance for selling the club. If anyone has a more informed opinion feel free to correct me. Link to post Share on other sites More sharing options...
Parky Posted October 16, 2017 Share Posted October 16, 2017 Him and his parlor boy from Camden are getting ahead of something else. Maybe as others have said there is pressure to spend in Jan etc... Link to post Share on other sites More sharing options...
Dave Posted October 16, 2017 Share Posted October 16, 2017 Link to post Share on other sites More sharing options...
Stifler Posted October 16, 2017 Share Posted October 16, 2017 On 16/10/2017 at 21:35, Dave said: Mirror have been throwing spanner’s at us for a while now. Link to post Share on other sites More sharing options...
Dave Posted October 16, 2017 Share Posted October 16, 2017 Simon Bird and Louise Taylor both sticking with the £380m mentioned the other week as the asking price. Link to post Share on other sites More sharing options...
Klaus Posted October 16, 2017 Share Posted October 16, 2017 He's right like. Any sensible investor would wait until the investigation is concluded. Link to post Share on other sites More sharing options...
NUFC_Chris Posted October 16, 2017 Share Posted October 16, 2017 On 16/10/2017 at 21:39, Stifler said: Quote Mirror have been throwing spanner’s at us for a while now. Anything dodgy would be picked up in due diligence. He’ll have them covered as well in warranties attaching the sale. Sent from my iPhone using Tapatalk Link to post Share on other sites More sharing options...
Disco Posted October 16, 2017 Share Posted October 16, 2017 On 16/10/2017 at 21:35, Dave said: McNally still a bitter owld Mackem then. Link to post Share on other sites More sharing options...
Figures 1-0 Football Posted October 16, 2017 Share Posted October 16, 2017 Aye, The Mirror seem to have a massive chip on their shoulder at the minute. Link to post Share on other sites More sharing options...
Kanj Posted October 16, 2017 Share Posted October 16, 2017 Or you just have your respective tax attorneys review the documents in diligence, and understand the risk and the liabilities - given it was done on prior ownership's watch, any Buyer would look to indemnify themselves from any action or penalty; assuming it was financial and NOT club suspension of points, transfer bans etc. that would be the potential penalty for the tax probe. Again, assuming it's monetary or criminal to those who were part of this then any buyer with proper attorneys overlooking this can get comfortable with it. Amanda Staveley's case against Barclay's could have nothing to do with her acquisition of Newcastle, the capital behind the Barclay's case is likely not the same (Man City owner, right?) as the group she'd be involved with buying the club and litigation attorneys are probably not doing M&A work. Link to post Share on other sites More sharing options...
geordiedean Posted October 16, 2017 Share Posted October 16, 2017 I just yearn for the day that SJP isn't plastered in sports direct shit...That should be the first things that's done Link to post Share on other sites More sharing options...
Stifler Posted October 16, 2017 Share Posted October 16, 2017 On 16/10/2017 at 21:54, Kanji said: Or you just have your respective tax attorneys review the documents in diligence, and understand the risk and the liabilities - given it was done on prior ownership's watch, any Buyer would look to indemnify themselves from any action or penalty; assuming it was financial and NOT club suspension of points, transfer bans etc. that would be the potential penalty for the tax probe. Again, assuming it's monetary or criminal to those who were part of this then any buyer with proper attorneys overlooking this can get comfortable with it. Amanda Staveley's case against Barclay's could have nothing to do with her acquisition of Newcastle, the capital behind the Barclay's case is likely not the same (Man City owner, right?) as the group she'd be involved with buying the club and litigation attorneys are probably not doing M&A work. I think it maybe more of the case that she wants to focus on one big thing, taking over a club and having a transfer window to deal with whilst the trial get underway (it starts in January) means she will be very busy and couldn’t give either her full attention. I think the best we could hope for is that she buys us just before Christmas, gives Rafa a budget and let’s Charnley retain command until the end of transfer window where she’ll have more time to appoint someone more qualified for the job. As for the first bit, as you say you look at worse case scenario, see if the club is responsible, then plead errors by previous owners and seek to rectify the situation voluntarily. Link to post Share on other sites More sharing options...
Guest Hog Posted October 16, 2017 Share Posted October 16, 2017 So many things in the statement by the lawyers that makes me feel that this is just the usual false dawn that Fat Mike rolls out every time he doesn't want to spend any money and run the club on the cheap, I'll be amazed if anything comes of this. It just sounds like they're lining it up so they can say "we tried" or "nobody was suitable to advance the club". Link to post Share on other sites More sharing options...
sbnufc Posted October 16, 2017 Share Posted October 16, 2017 On 16/10/2017 at 21:59, geordiedean said: I just yearn for the day that SJP isn't plastered in sports direct shit...That should be the first things that's done be great when one condition of the sale is that it all stays Link to post Share on other sites More sharing options...
Dave Posted October 16, 2017 Share Posted October 16, 2017 On 16/10/2017 at 22:02, sbnufc said: Quote I just yearn for the day that SJP isn't plastered in sports direct shit...That should be the first things that's done be great when one condition of the sale is that it all stays I'd be staggered if this wasn't the case, for a number of years at least. Link to post Share on other sites More sharing options...
Geordie Ahmed Posted October 16, 2017 Share Posted October 16, 2017 On 16/10/2017 at 20:54, The Little Waster said: “That would allow for a period for serious interested parties to put themselves forward, for a diligence process to carry on, and then hopefully by Christmas for a sale to conclude with the sort of flexibility around terms we have discussed.If that weren’t possible then there is no desire to sell the club for any price to anyone. " ( From The Mag ) So he wants to sell before Xmas or not at all / never ever to anyone at all ! Aye , reet ... That is very odd, surely if he is serious about selling then he wouldn't have a time restriction Link to post Share on other sites More sharing options...
geordiedean Posted October 16, 2017 Share Posted October 16, 2017 New owners first responsibility is to Boot Charnley out of the nearest fucking door head first Link to post Share on other sites More sharing options...
Guest milburn990 Posted October 16, 2017 Share Posted October 16, 2017 A bit disappointed that the statement was about putting the club up for sale, I was hoping the next official statement from the club would be saying it was sold. Sounds a bit like the fat lad is still touting the club which won't be for the first time. I thought we had buyers. The fat fucker has got us all paranoid. Link to post Share on other sites More sharing options...
thomas Posted October 16, 2017 Share Posted October 16, 2017 On 16/10/2017 at 22:23, geordiedean said: New owners first responsibility is to Boot Charnley out of the nearest fucking door head first Someone needs to take that Fresh Prince clip and put penfold's head on Jazz :lol: Link to post Share on other sites More sharing options...
Sir Toon Posted October 16, 2017 Share Posted October 16, 2017 [move] [/move] Link to post Share on other sites More sharing options...
Away Day Gadgie Posted October 16, 2017 Share Posted October 16, 2017 Surely if you're selling something and you want to get the best price possible, the last thing you do is announce to potential buyers that you're deseperate to sell it? (Which is effectively what Ashley has done by saying he wants it done before Xmas) Link to post Share on other sites More sharing options...
Sir Toon Posted October 16, 2017 Share Posted October 16, 2017 Do we still believe that the club is for sale? Link to post Share on other sites More sharing options...
thomas Posted October 16, 2017 Share Posted October 16, 2017 Link to post Share on other sites More sharing options...
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