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https://www.nufc.co.uk/news/latest-news/statement-from-st-james-holdings-limited?displaymode=googleamp

 

Statement from St. James Holdings Limited

As a result of increasing press speculation regarding the future of Newcastle United, the owner of the club, St. James Holdings Limited, wishes to clarify its intentions.

As one of the Premier League's oldest and best supported football clubs - and for the benefit of its many fans and supporters in the UK and across the world - Newcastle United requires a clear direction and a path to a bright and successful future.

 

To give the club the best possible opportunity of securing the positioning and investment necessary to take it to the next level, at what is an important time in its history, its present ownership has determined that it is in the best interests of Newcastle United and its fans for the club to be put up for sale.

 

To give an incoming owner the maximum possible flexibility to make meaningful investment in the club, including in its playing squad, the sale process will give interested parties the opportunity of deferring substantial payments.

 

A process will now commence of identifying new ownership for the club that will be capable of delivering the sustained investment in and dedication to the club that is necessary for it to achieve its ambitions.

 

The bit in bold means he still wants an influence even after he's no longer the 'owner' imho.

 

You don't defer payments unless there is something in it for you.

 

Not according to the lawyer - Assuming an appropriate person is found, there is a desire to stagger payments to allow additional funds for Rafa in the short term.

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Just don't overcharge for it. Don't f*** up the interest from those already having NDA's signed. I don't even care if we have to have an SD sponsorship deal for a while out of it, just as long as he's not controlling our football.

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Sorry, but what exactly does "Staged payments" mean? :lol: (English is my third language)

 

Means that any buyer wouldn't have to rock up with £350m cash. He'd take £xxxm up front and then £xxm per year ongoing.

 

What he'd expect in exchange for such generousity is anyone's guess but, my guess, is that it'll mean he will still have a piece of the pie in some from for a fuckload more time yet.

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'Will accept staged payments'. He's fucking desperate to get rid.

 

Yup. Pretty clear for a while we'd be a drain on his finances unless he managed to attract serious investment to move us on a level. He failed to get that so has been looking to offload, and now in desperation has gone public. Hopefully he'll stick to his word and not just pass us on to some shitcunt consortium.

 

Anyone lobbed up a Kickstarter page yet? :lol:

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