Llambias reports “more than two bids at £100m”.
Posted on July 6th, 2009 | 16 Comments |
Derek Llambias has informed local rag, the Evening Chronicle that “more than two bids at £100m” have been received for Newcastle United, and insisted that the price for the club was never going to be less. He added:
“At the moment we are in the hands of lawyers and it is all ongoing.
“We are giving interested parties all the help that they need.”
Of course, Llambias did not reveal the identity of the bidders, as this would almost certainly breach the protocol of the sale process.
The Chronic also reported that Llambias has once again pooh-poohed the credentials of highly questionable Singaporean land bankers, “The Profitable Group” as serious bidders for the club. However they report that “The talk in the capital today was that the group, who have former England man Steve McMahon on board, had put in a bid on Friday”. They also repeated reports about a Malaysian group being shown around St James’s Park by Llambias last Thursday. This group is thought to be linked with Malaysian billionaire, Ananda Krishnan.
Whilst much of this report is specious gossip, the quote from Llambias is a welcome reminder that the sale process is still ongoing at least.
Postscript
In a totally contridictory story, the Chronicle’s sister drivel factory ‘paper, “The Journal”, also reported today that Ashley’s price was too high for bidders, and that “Mike Ashley will have to lower his £100m asking price to achieve the quick sale of Newcastle United he told fans he was looking for in May.” It adds, “Legal representatives and accountants of the various consortia interested in the recently-relegated club have been poring over the Magpies’ books for the last couple of weeks before deciding whether to lodge official bids. But the biggest concern is a belief that the club is overvalued.
I love direct quotes me!!
Can long-suffering Newcastle fans see light at the end of the dark, dark tunnel?
Wheyaye man. Get that agreement signed!