Sheard-fronted US bid “all done”.
Posted on October 14th, 2009 | 67 Comments |
Apparently the Sheard-fronted Star Foundation has made a bid for Newcastle United and the group expect an answer this week. Sheard claims the matter is in the hands of lawyers with Halliwells representing the Americans and Travers Smith representing Ashley.
Sheard claims it’s “all done”, saying:
“We will push it forward this week and it will be resolved. It’s all done as far as we are concerned.
“It’s all down to the solicitors now. There has been no contact with ourselves or Derek Llambias or Mike Ashley, just between legal teams.
“We are not aware of any other significant interest from elsewhere.”
Personally I am extremely dubious about this, although to be fair I’m dubious about all the politics surrounding Newcastle United at the moment.
Just a couple of days ago, I reported claims made by a ‘Tyneside Source’ in The Telegraph that nobody has come up with any money to buy the club yet. I suspect there probably is something going on between the various solicitors in relation to this bid but unless they are bidding Ashley’s £100m asking price and have provided cast-iron proof that they can afford to pay it, I think this bid is probably in the same boat as all the others.
In other words it’s just a lot of noise at the moment and certainly far from “all done” as Sheard claims.
Derek Llambias has previously played down Geoff Sheard’s bid. Unfortunately we can’t trust anything Llambias has to say, so that’s of little help when it comes to trying to decide upon the credibility of bids.
Is it too much to ask for Ashley to give us a status update regarding the sale of the club? Hmm, I suspect the answer to that is probably ‘yes’.