Dave Posted June 23, 2007 Share Posted June 23, 2007 Just on SSN now, reported via the Chronicle. Ashley has sent out letters to them all to offer their resignation, and wants his own team in. This follows late-night talks at SJP last night as part of Ashley's review of how the club runs at present. Link to post Share on other sites More sharing options...
Jimburst Posted June 23, 2007 Share Posted June 23, 2007 Wow! Hope this is really going through! Does this mean getting rid of fat fred altogether? I'm not so sure about his current status at the club.... Link to post Share on other sites More sharing options...
stozo Posted June 23, 2007 Share Posted June 23, 2007 Nothing on the breaking news bar. Link to post Share on other sites More sharing options...
Alberto2005 Posted June 23, 2007 Share Posted June 23, 2007 Just on SSN now. Ashley has sent out letters to them all to offer their resignation, and wants his own team in. YES! Link to post Share on other sites More sharing options...
Guest sicko2ndbest Posted June 23, 2007 Share Posted June 23, 2007 Hope hes sent one to Anal as well Link to post Share on other sites More sharing options...
Guest Darth Toon Posted June 23, 2007 Share Posted June 23, 2007 Excellent news - completely clean slate is exactly what we need. Doesn't piss about does he?? Link to post Share on other sites More sharing options...
Dave Posted June 23, 2007 Share Posted June 23, 2007 Nothing on the breaking news bar. It wasn't on the breaking news bar. It was David Craig reporting. Link to post Share on other sites More sharing options...
Cajun Posted June 23, 2007 Share Posted June 23, 2007 Didn't take long. Link to post Share on other sites More sharing options...
Wullie Posted June 23, 2007 Share Posted June 23, 2007 Bye! Fuck off! Link to post Share on other sites More sharing options...
manorpark Posted June 23, 2007 Share Posted June 23, 2007 Just on SSN now, reported via the Chronicle. Ashley has sent out letters to them all to offer their resignation, and wants his own team in. This follows late-night talks at SJP last night as part of Ashley's review of how the club runs at present. Just had SSN on, can't see anything! Link to post Share on other sites More sharing options...
Alberto2005 Posted June 23, 2007 Share Posted June 23, 2007 Nothing on the breaking news bar. It wasn't on the breaking news bar. It was David Craig reporting. Link to post Share on other sites More sharing options...
Dave Posted June 23, 2007 Share Posted June 23, 2007 Does this mean getting rid of fat fred altogether? I'm not so sure about his current status at the club.... To clarify, the report meant EVERYONE, Fred included. Link to post Share on other sites More sharing options...
stozo Posted June 23, 2007 Share Posted June 23, 2007 http://icnewcastle.icnetwork.co.uk/chroniclelive/eveningchronicle/tm_headline=ashley-to-wield-toon-axe%26method=full%26objectid=19344693%26siteid=50081-name_page.html Newcastle United is set for a boardroom shake-up within days as Mike Ashley's St James' Park revolution gathers pace. The Chronicle can exclusively reveal billionaire Mike Ashley will meet Toon directors to review their futures at the club. The 42-year-old sports tycoon wants to replace the current board members with his own people and changes are expected to take place any day now. He has written to directors asking for their resignations. Sir John Hall's children Douglas Hall and Allison Antonopoulos are set to confirm they are going on Monday. Chairman Freddy Shepherd is expected to stay. But the Newcastle futures of his brother Bruce Shepherd and finance expert Timothy Revill are uncertain. Key players from Mr Ashley's camp and the current board members will thrash out the details at St James' Park within days. Once the changes have taken place Mr Ashley is expected to start splashing the millions he feels are necessary to transform the club into a leading force in world football. A source close to Mr Ashley said: "This is all part of Mr Ashley's strategic review of Newcastle United. "This is the first phase that will result in boardroom changes. "It is all about getting his own people in there, people he knows and trusts with whom he has worked for many years. "Now that he is the majority shareholder he has the power to do that." He added: "These changes will give Mr Ashley a better feel for the business and help him to make it better and shape and develop it." The board have two-year pay-off deals written into their contracts. Douglas Hall can expect at least £827,092, while the other board members are looking at a minimum of around £60,000 to £70,000 each. Mr Ashley wants to shake up the board as part of his bid to take the club into private ownership. A source close to the club added: "There are going to be significant changes. There will be a new look at the top after this." Mr Ashley now owns around 80% of the club and is driving forward to the 90% ownership mark, which will mean the remaining 10% will have to be sold to him under stock market rules. City analysts said Mr Ashley cannot just wipe people off the current board as it is still a plc and they have contracts. Until the club is taken back into private ownership, changes cannot be made without negotiating redundancy payments. But city experts say Mr Ashley will want to get his own people in before he starts making any big investments. The board of directors Freddy Shepherd, 64. Chairman and executive director Freddy was appointed as a director in November 1991 after being part of the Magpie Group, which took over control of Newcastle United from Gordon McKeag. He became chairman in July 1998, taking over from Sir John Hall. He was appointed as a non-executive director of Newcastle United plc in December 1998, became a full-time executive director in August 2001 and was appointed chairman in 2002. He is also chairman of the Shepherd Offshore group of companies. Bruce Shepherd, 59. Non-executive director and member of the remuneration committee and audit committee Younger brother of Freddy, Bruce was appointed as a non-executive director in July 2002. He is the chief executive of the Shepherd Offshore group of companies, based in Walker, and has an executive box at St James' Park. Timothy Revill, 56. Independent non-executive director and chairman of the remuneration committee and audit committee Appointed as a non-executive director in July 2002 at the same time as Bruce Shepherd. He is a chartered accountant and chairman of the BDO Fidecs group of accountants and business advisers, based in Gibraltar. Douglas Hall, 48. Non-executive director of the plc and executive director of NUFC Sir John Hall's son Douglas was appointed as a director of the football club in November 1991 as part of the Magpie Group takeover, working alongside his father and Freddy Shepherd. He subsequently became deputy chairman in July 1998. He was appointed as a non-executive director of Newcastle United plc in December 1998 and as an executive director of Newcastle United Football Club on August 1, 2001. He is chairman of Cameron Hall Developments. Allison Antonopoulos, 46. Non-executive director Sir John Hall's daughter Allison was appointed as a non-executive director on February 3, 2004. She became only the second woman to take a place on the board at St James' Park. She is also a director of Cameron Hall Developments Ltd. Link to post Share on other sites More sharing options...
Dave Posted June 23, 2007 Share Posted June 23, 2007 David Craig seemed to think Shepherd would be included in that, the Chronicle article above seemingly thinks otherwise. Link to post Share on other sites More sharing options...
STM Posted June 23, 2007 Share Posted June 23, 2007 As a Newcastle fan i'm going to remain pessimistic, until it has happened. *Proceeds to dance around the room like a fairy* Link to post Share on other sites More sharing options...
biggs Posted June 23, 2007 Share Posted June 23, 2007 with this new guy coming into trouble shoot for cashley soon i have been told by somebody at the club that shepherd ,cushing and co will be out on there arses soon .she oversees the corporate banqueting dept and stuff and she let it slip that they will be gone soon and more s*** will hit the fan . i posted this in another thread and so far it has proved correct if true .itk Link to post Share on other sites More sharing options...
Dave Posted June 23, 2007 Share Posted June 23, 2007 It's on the breaking news strap now. Link to post Share on other sites More sharing options...
Kitman Posted June 23, 2007 Share Posted June 23, 2007 Strange that he's not keeping Dougie Hall on, what with his extensive and hugely valuable knowledge of overseas markets and tax planning and all. Link to post Share on other sites More sharing options...
Guest Andrew Flintoff Posted June 23, 2007 Share Posted June 23, 2007 Everybody OOT! Link to post Share on other sites More sharing options...
Guest tomi Posted June 23, 2007 Share Posted June 23, 2007 David Craig seemed to think Shepherd would be included in that, the Chronicle article above seemingly thinks otherwise. It's possible Ashley changed his mind about him after he found out both Owen and Martins has release clauses in their contracts. Link to post Share on other sites More sharing options...
JH Posted June 23, 2007 Share Posted June 23, 2007 Whoever this 'source' close to Mike Ashley is, I think he should stop hanging around with him He tells the bloody Chronicle everything Link to post Share on other sites More sharing options...
Dave Posted June 23, 2007 Share Posted June 23, 2007 Whoever this 'source' close to Mike Ashley is, I think he should stop hanging around with him He tells the bloody Chronicle everything A certain W.F. Shepherd? Link to post Share on other sites More sharing options...
Thespence Posted June 23, 2007 Share Posted June 23, 2007 No shocks really, most of them were family of the people Ashley has just bought shares off. Link to post Share on other sites More sharing options...
biggs Posted June 23, 2007 Share Posted June 23, 2007 with this new guy coming into trouble shoot for cashley soon i have been told by somebody at the club that shepherd ,cushing and co will be out on there arses soon .she oversees the corporate banqueting dept and stuff and she let it slip that they will be gone soon and more s*** will hit the fan . i posted this in another thread and so far it has proved correct if true .itk Whoever this 'source' close to Mike Ashley is, I think he should stop hanging around with him He tells the bloody Chronicle everything arselicktastic for anal oliver Link to post Share on other sites More sharing options...
Gallowgate End Posted June 23, 2007 Share Posted June 23, 2007 Douglas Hall, 48. Non-executive director of the plc and executive director of NUFC Sir John Hall's son Douglas was appointed as a director of the football club in November 1991 as part of the Magpie Group takeover, working alongside his father and Freddy Shepherd. He subsequently became deputy chairman in July 1998. He was appointed as a non-executive director of Newcastle United plc in December 1998 and as an executive director of Newcastle United Football Club on August 1, 2001. He is chairman of Cameron Hall Developments. Pack your bags Douglas Hall!!!! Well done Mike Ashley! Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now