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Ashley now owns NUFC - 93.19% shares gained.


Guest Echo
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Mike Ashley said:

 

'I am delighted to have this opportunity to invest in Newcastle United.  The

club has a fantastic infrastructure, for which Sir John and the board must take

much of the credit. I am pleased that Sir John has agreed to remain as Life

President of the club.  Newcastle United has a wonderful heritage and the

passion of its fans is legendary. I am sure that, like me, they are already

excited about the prospects for next season under the new manager's

stewardship.'

 

Blimey.

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Guest toonbaz

breaking  news on bbc website now also, came right out of the blue this one.

was only a couple of days ago freddy was talking about how hard it would be to buy this club as him and the halls weren't selling.

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Few questions raised for me:

 

41% = must make formal takeover bid?

 

Also, does this mean he has the power to challege Shepherd's chairmanship?

 

Oh, and doesn't 41% mean both Sir John AND Douglas' shares?

 

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Guest Echo

As I said earlier - He's looking to buy more share's to become the MAJOR SHAREHOLDER - so Freddy looks like he may be getting his coat!

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Retail is one of my sectors - he used to own Sports Soccer  - now Sports Direct - a very private guy that has just recently floated that business.

 

Very rich and very astute

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"Billionaire businessman Mike Ashley today bought a 41.6% holding in Newcastle to launch a takeover bid.

 

St James’ Holdings Limited, a company set up specifically to buy shares in the club, has acquired 55,342,223 shares at 100p each from Wynyard (Guernsey) Limited, Cameron Hall Developments Limited and Cameron Hall Developments Limited Executive Pension Scheme, the holdings of Sir John Hall and his family.

 

British stock exchange rules mean that the company now has to make a cash offer for the remaining shares, around 29.8% of which belong to chairman Freddy Shepherd."

 

 

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Guest Sam04je

Retail is one of my sectors - he owns Sports Soccer  -now Sports Direct - a very private guy has just recently floated his businesses. 

 

Very rich and very astute

 

Kaka anyone?

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Guest toonbaz

he must have majority holding now, what rights does that give him over shepherd?

 

i'm quite excited about this.

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