Betway betting sites banner

Moat’s course may yet be damned.

Posted on August 25th, 2009 | 45 Comments |

The bank that might like to say no
The bank that might like to say no
Much speculation has ensued after yesterday’s announcement that the club is giving Barry Moat more time to negotiate an overdraft facility with Barclays Bank.

Our favourite mackem Louise Taylor demonstrates surprising knowledge of the club’s confidential banking details, which form the crux of her latest article in The Guardian.

According to Ms Taylor and her inevitable ‘sources’, we have a £40m overdraft facility, on which we currently owe £20m. On Tuesday Barclays were planning to renew that facility but with only a £10m limit, which is in line with what they usually allow for Championship clubs.

Apparently Ashley has the funds to cover the £10m shortfall but – The Guardian claims – Moat does not and if he can’t persuade Barclays to break with their Championship-lending policies and allow him to have a £20m overdraft, then his takeover effort will fail.

It seems that Moat had already persuaded a North East branch of Barclays to underwrite a £20m overdraft based on the ‘special circumstances’ of Newcastle United and the club’s unusually large crowds for the Championship, but someone at head office then vetoed the idea.

The Telegraph’s take on matters is quite different. They claim that Moat does not want the £39m overdraft facility that Barclays extended to Ashley and that it’s Moat himself who wants to reduce the overdraft to a more manageable level. The means of funding that overdraft reduction remains the same though: selling players.

The Telegraph’s assessment seems to be at odds with the club’s statement though. The club said: “The extension has been granted in order to allow Barry Moat and his advisors to conclude funding arrangements with Barclays, current bankers, for the continuation of last season’s £39m facility,” which would imply to me that The Guardian’s guesswork is better.

Who knows though. It’s probably something completely different to either assessment.

The Telegraph’s article does go on to point out that we’re due the first instalment of a £13m ‘parachute payment’ soon, which will be handy in reducing some debt. Although after the summer we’ve had at the hands of the club it feels more like our parachute didn’t open at all and we’re stuck, legs akimbo, in a tree somewhere after a 10,000ft freefall.

NUFCBlog Author: Hugh de Payen I'm a baby-boomer of the punk rock persuasion, currently exiled in Somerset for crimes committed in a previous life where locals keep trying to poison me with something called 'scrumpy'. Hates sprouts, coat-hangers, Cilla Black, ornaments, Steven Seagull movies and 50 Cent (he's not worth 10). Hugh de Payen has written 634 articles on this blog.

Related Posts:


45 Responses

  1. oh please just sort something out!! going to be a mad rush on monday and tuesday for loan signings… i can see it now!

  2. Hugh
    I wouldn’t be surprised if she was right (for once).
    If Moat hasn’t got the cash, which is the speculation, where would that leave his mate Shearer? Would he have the bottle to try to manage the club on a couple of ha’pennies and a fiver or choose to stay on the MOTD sofa? Shearer could even dip into his own extensive £30m+ fortune and invest in the club to help his mate out.

  3. Deb, I just don’t know.

    For starters I’m wary about taking too much notice of press speculation. As I said in my article, the mackem sounds more correct in her assessment than the Telegraph, but I still don’t trust it as any representation of truth.

    I wouldn’t assume that Moat will appoint Shearer either. That almost seems to be taken for granted now, yet I’ve never seen him actually quoted as saying that’s his plan. If Moat really is struggling for cash he might not be able to afford Shearer and, as you say, Shearer might not fancy the job on a shoestring budget anyway.

  4. batty says:
    August 25, 2009 at 12:16 pm

    “worky cheers m8 i new u would know u always suss me lol wont do it agen promise”

    batty, I don’t know who has the most characters on the go, you or Stardust. Unless…

    Hmmmm. ;-)

  5. From Ed’s blog

    “Troy Stavers // Aug 25, 2009 at 11:45 AM

    Oi Oi!!! Radgies!!!

    Hoo lads, a forget to tell yi’s yesterday aboot what Dekka said aboot the fight wi Keegan like!!

    Wheye y’kna a clean the bogs in the groond and a bumps into Dekka didn’t a. Cushty bloke like Dekka!!
    As says to Dekka, “HOO DEKKA, WOT ABOOT THE FIGHT WI KEEGAN LIKE”

    Dekka says, “HOO MAN TROY, YOU SHOULD OF SEEN IS GAN AT KEEGAN LIKE. EVERYONE THINKS IT WAS OVER FOOTBALL BUT TROY, IT WAS OWA WHO WAS THE BEST RAVE DANCER”

    Apparently like, Big Mick went mad wi Dekka and Wisey like!!!!

    A says “WHO WAS THE BEST LIKE DEKKA?”

    Dekka says, “HOO TROY MAN!! KEEGAN WAS SHUFFLING PLATES AND STACKING SHELVES BETTER THAN YE MAN!! BUT ME AND WISEY SEARCHED HIS POCKETS AND FOOND SOME TOP DRAWER “DOVES” “E’s”. HE WAS BUZZIN MAN!! A SAYS TO KEEGAN!! HOO KEEGO, NEE CHEATIN WHEN YOURE IN CHARGE O THE TOON LIKE, RAVIN OR NOT!!!”

    So Dekka reckons he clocked Keegan on the nose like. Wheye, y’kna wi Keegan snortin toot al the time, his nose just exploded.

    Big Mick went off it, and telt Keegan to hide for 6months cos he didn’t want the press to find oot that Dekka wasn’t the best Rave Dancer like!!!!

    Hoo the reckon Moaty is a crackin raver as well like. Thats why Big Mick like him like!!

    Anyways, Laters!! Oi Oi!!!!!!!!!! Radgeys!!!!!! Like!!!”

  6. batty says:
    August 25, 2009 at 12:45 pm

    “do u reckon it coul be stardy like”

    I’m not totally sure about that one batty, but if he can be ‘Billy Bunter’ etc. They do keep saying that they know each other, and he’s the only one who been quite as radged as Billy and ‘wor Donna’.

  7. Not Guilty as Charged!

    Troy is a friend – we have diametrically opposed views and he is mad as a box of frogs!

    I feel like Dwain Chambers – I admit one wrongdoing (Ok it lasted a few weeks ) and guilty for life – whereas Rio Ferdinand – allegedly crawled out of a window to miss a drugs test and gets 100k a week still!

  8. Stardust – Is that a fact about Rio Ferdinand? I’d heard rumours that he’d dodged the drug test but not the lengths he went to?

  9. Stardust, there was some nutter posing as you on here yesterday posting some nonsense about Moat trying to avoid the transfer window. Just thought you should know.

  10. Hugh de Payen says:
    August 25, 2009 at 2:10 pm

    “Stardust, there was some nutter posing as you on here yesterday posting some nonsense about Moat trying to avoid the transfer window. Just thought you should know.”

    Aye, some gadgie called ‘Shearer 99’. batty knows him very well, they even share the same computer! :-)

  11. Hugh de Payen says: Stardust, there was some nutter posing as you on here yesterday posting some nonsense about Moat trying to avoid the transfer window. Just thought you should know.

    —————

    Nah, that one was Stardust, wasn’t it? 8)

  12. Hugh :( – maybe that nutter was me being serious lol

    I actually think that the timing issue of the sale is strange to say the least – why try and buy a club thats selling all of its players when there is no time to replace them.

    There are only 2 conclusions 1 – Moat isnt serious ( not sirous mahjoob lol) and its a rouse by Ashley to offload players (too elaborate me thinks) or 2 – the offloading is in line with Moats wishes.

    I could only conclude point 2?

    Time will tell I suppose

  13. Stardust says:
    August 25, 2009 at 2:43 pm

    “2 – the offloading is in line with Moats wishes.”

    Surely he wouldn’t do that JUST because of Moat’s wishes though? What if Moat’s boat doesn’t stay afloat? It would have to be something he was gagging to do anyway, ie it would be the wishes of both of them.

  14. Agreed Worky – thats my point – at this juncture both interests are obviously aligned?

    Just been bouncing it around in my tiny mind trying to make sense of it.

  15. What are these reports that Geoff Sheard has entered the race at this late stage with American backing.
    Last seen trying to buy Sheffield Wednesday

  16. LOL – see you spotted the “Dont buy any hotdogs until we get a sheek” line.

    Cant believe people were taking it serious lol.

  17. Buried him yesterday Deb – only me there – it was very sad – it’ll be a bit like my funeral lol.

  18. I think people may be getting to worried about Moat not having money for transfers, why would he take over if he had no money to invest in the team? He knows the club better than most, he has witnessed what has happened to team after the previous transfer windows when not enough money was invested in the right areas. So why would he want us to go through that again, surely the same mistakes won’t be repeated?

    He may well be being kept informed about players leaving, but i doubt he is stupid enough to sanction Taylor leaving if Ashley suggests it, as he would know the backlash that may happen.

    I just think that nobody wants a repeat of the protests etc of the past, Moat would have experienced that first hand so why would he risk the same happening to him?

  19. StanHardy says:
    August 25, 2009 at 3:58 pm

    “What are these reports that Geoff Sheard has entered the race at this late stage with American backing.”

    He’s going to sign Beckham from LA Galaxy too apparently. Owls fans are having a hoot about it because they know he’s a reet spanner.

  20. Stardust says:
    August 25, 2009 at 4:26 pm

    “Buried him yesterday Deb – only me there – it was very sad – it’ll be a bit like my funeral lol.”

    What! Nee Donna? Did he get crushed in the bin lorry?

  21. Stardust says:
    August 25, 2009 at 2:43 pm (Edit)

    Hugh :( – maybe that nutter was me being serious lol

    ====

    Ah, right. You’re sober now though yeah? ;)

  22. anyone know just how many loan players teams are allowed at any given time. pretty sure there’s a limit tho

  23. Knocky, I seem to remember there was a limit of 5 in a match-day squad but I’m not aware of any limit for a club as a whole.

  24. summerof69 says:
    August 25, 2009 at 5:45 pm

    “its great to know our football club has helped some onbe change their life around

    http://www.chroniclelive.co.uk/nufc/newcastle-united-news/2009/08/25/nile-ranger-signing-for-nufc-saved-my-life-72703-24524856/2/

    summerof69 says:
    August 25, 2009 at 5:45 pm (Edit)
    its great to know our football club has helped some onbe change their life around

    It didn’t take him long to turn into a Geordie! :-)

    Ranger: “When I was told I was on the bench, I said ‘seriously like?’

  25. knocky says:
    August 25, 2009 at 6:08 pm

    “anyone know just how many loan players teams are allowed at any given time. pretty sure there’s a limit tho”

    Knocky,

    “Temporary players are permitted in three categories: short loans (from one month to 93 days), long loans (full season, or half a season) and work experience. Only five players are allowed on the team sheet from those three categories, but no more than two from any individual category, short loan, long loan or work experience.”

  26. It didn’t take him long to turn into a Geordie!

    Ranger: “When I was told I was on the bench, I said ‘seriously like?’

    sure didnt lol i thought that myself worky maybe they say it in london

  27. Hugh,worky
    thanks for the info regarding loan deals. Still gonna leave us a bit short on numbers if we did get a few in. Finding the right quality is the key tho i suspect. Still desperate for a creative midfielder – is Di Santos of Spurs on loan somewhere already?

Leave a reply