South African bond man bids for Toon (possibly).

No, not that sort of bond man

No, not that sort of bond man

Some newspapers are reporting that a South African businessman is now interested in Newcastle United.

I rather suspect this could be a case of ‘here we go again’ as bids are rumoured and then fall by the wayside but you never can tell with this sort of thing – very occasionally a rumour turns out to be true.

Anyway, this particular rumour has a wealthy South African bond dealer supposedly having met the representatives of Barclays Bank who are involved in the sale of Newcastle United.

This bond dealer is allegedly represented in this country by solicitors Mishcon de Reya and at least one journalist – the Birdman at the Mirror – claims a ‘form of due diligence’ has already been completed by the South African.

The Mail, however, seems to think that no due diligence has been undertaken and warns that we could face a delay of many weeks while it’s completed.

Both papers claim that this new bidder is another spanner in the works for Barry Moat and his efforts to buy the club and is likely to delay matters while Ashley considers the new interest.

My instinct is that this rumour will eventually just fizzle out. I think if Barry Moat doesn’t buy the club in the coming months then we may as well forget about it being sold until next season. Although I’m just guessing of course.

avatar NUFCBlog Author: Hugh de Payen A life-long Toon fan currently exiled in Somerset who is known in some circles as "The Thinking Man's Thinking Man". Plays darts with the Dalai Lama and Rolf Harris, cohorts with the Minogue sisters and used to play the tambourine with punk band Definite Integral. Hugh de Payen has written 574 articles on this blog.

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61 Responses to “South African bond man bids for Toon (possibly).”

  1. 1
    avatar bigbadbob says:

    Dubious leak of information from a source ( llambias?) to the press, another pr exercise by Ashley whilst he plots to keep the club?

  2. 2
    avatar magpie6699 says:

    Where have these people been for the last few months? Suddenly they appear from nowhere – has it been that much of a secret that NUFC is for sale? Even with all of the side issues, if they were at all serious they would have got involved earlier. I’m neither shaken nor stirred by this!

  3. 3
    avatar Shane says:

    I dunno,

    the thought i might have to pay KK £25 mil for something i had no part in might have put people off just a bit………

  4. 4
    avatar hitman says:

    DC on ssn says these south africans have always been in for the club,plus there is a few more groups in for the club.anyone getting deja vue

  5. 5
    avatar bowburnmag says:

    There’s definitely a double-agent in the club if this has leaked out.

  6. 6
    avatar blanche says:

    what’s with all these bookie adverts ? – i once lost £1 on the 1978 grand national sweepstake and could have become addicted – shame on you mr ticket.

  7. 7
    avatar TROJAN 69 says:

    more lies from odd job llambias.

  8. 8
    avatar batty says:

    MOONDUST says:
    October 6, 2009 at 10:47 pm
    Batty have you moved over to the dark side now
    <<<< theres better winde ups on here ie stardust and the miserible get worky

  9. 9
    avatar hitman says:

    could this be the bloke interested in buying the toon,thats if this story is true of course.
    http://www.sagoodnews.co.za/south_africa_in_the_world/motsepe_makes_forbess_billionaires_list.html

  10. 10
    avatar Stardust says:

    Whats the consensus on the Trust that is launched today?

    I have mixed views – especially that NUSC are involved – though as of late somebody must have joined with more awareness as their website and militant approach has been tamed somewhat.

    I just get the feeling its an opening the stable door after the horse has bolted scenario. They are way down the pecking order – the only circumstances I can see it succeeding is if we have a poor season and if no one buys us short term.

  11. 11
    avatar Stardust says:

    Batty – cheers for the email – my blackberry is down so I will reply on here.

    In answer to your question I think it would be difficult to organise an event in short order to show Ashley that some of us appreciate what he has done – I will look at it for you – I dont know if it will change his mind and have him stay but theres always a chance.

    And yes, Keegan should have fought his corner but thats old news, and I agree with you he should never be allowed to set foot in the stadium again.

    Cheers

  12. 12
    avatar bowburnmag says:

    Stardust – whether they are able to do anything short-term I’m not sure, but if it’s run in the right way, then surely nobody could argue with the principles?

  13. 13
    avatar Hugh de Payen says:

    Stardust, I think the NUST’s initial aim is to buy a stake in the club rather than buy it outright. As far as I understand it they are prepared to offer the £20m or so they’ve accumulated to help a new owner purchase the club and thereby guarantee fan influence through their 20% holding.

  14. 14
    avatar Stardust says:

    Agree BBM – Trusts tend to find common ground and enable a balance view – something which has been missing (especially NUSC who formed in a maelstrom – drum roll UTD11 to pull me up on maelstrom lol) – and I also like the fact that the buy in is 20k – enough to make people en masse consider the implications of a spend culture.

    If you have say 5000 investors of 20k it also means there are 5000 Ambassadors advocating a prudent approach – which enables mass market infiltration at the ground level – communication being the key.

    My fear with trusts and the like – they are often chaired by those who eventually take advantage of their position for self interest – human nature and all that.

  15. 15
    avatar blanche says:

    hahaha – nice one stardust @ 11

  16. 16
    avatar Stardust says:

    If I were them Hugh – I would want to get as near to 29% as possible (providing there are multiple shareholders holding the remaining 71%) – I think 20m is in no mans land.

    They will be a minority shareholder with no real influence at 20m – also they need running by a very astute financial and commercial chair – as basically they could see their investment disappear and diminish each year they didnt for example come up with a chunk of investment equivalent pro rata to the principal.

    Also if the Chair is experienced enough – if the new principal engages in shenanigans – they could in effect launch a leveraged buy out.

  17. 17
  18. 18
    avatar Stardust says:

    Cheers Hitman

  19. 19
  20. 20
    avatar hitman says:

    that explains it better

  21. 21
    avatar workyticket says:

    Stardust says:
    October 7, 2009 at 12:05 pm

    “In answer to your question I think it would be difficult to organise an event in short order to show Ashley that some of us appreciate what he has done”

    Greggs could sort out the custard pies.

  22. 22
    avatar Stardust says:

    Its really funny Worky how batty on email is very pro club – whereas on here he likes to have a laugh and joke – He says he laughed at the mob since day 1

  23. 23
    avatar batty says:

    Stardust says:
    October 7, 2009 at 12:05 pm
    Batty – cheers for the email – my blackberry is down so I will reply on here.

    In answer to your question I think it would be difficult to organise an event in short order to show Ashley that some of us appreciate what he has done – I will look at it for you – I dont know if it will change his mind and have him stay but theres always a chance.

    And yes, Keegan should have fought his corner but thats old news, and I agree with you he should never be allowed to set foot in the stadium again.

    Cheers
    <<<<<< you had me in stitches lol

  24. 24
    avatar batty says:

    Stardust says:
    October 7, 2009 at 1:51 pm
    Its really funny Worky how batty on email is very pro club – whereas on here he likes to have a laugh and joke – He says he laughed at the mob since day 1
    <<<<<< lol

  25. 25
    avatar batty says:

    love it realy love it

  26. 26
    avatar batty says:

    stardust if only every 1 new the truth ive saved your emails what you sent me but i wont kiss and tell dont worry my freind lol

  27. 27
    avatar Stuart79 says:

    By the way, SSN reports on there being 5 interested parties to buy the club are complete and utter bullsh1t!

    David Craig gets his info directly from Llambias and we all know that Kim Jong-il has more of an affinity with the truth that him.

    This is yet another ridiculous attempt to weedle anybody else out of the woodwork. Ayone remember ‘at least 2 bids of £100m’?

    Fckin idiots and totally shamateur-ish.

  28. 28
    avatar hitman says:

    aye your probliy reet stuart,ashley and lamearse are lower than snakes bellies.

  29. 29
  30. 30
    avatar blanche says:

    worky – thats wor batty man.

  31. 31
    avatar blanche says:

    and the first one was stardust – unbelievably stuck for words.

  32. 32
    avatar workyticket says:

    Stuart79 says:
    October 7, 2009 at 2:46 pm

    “David Craig gets his info directly from Llambias and we all know that Kim Jong-il has more of an affinity with the truth that him.”

    Stuart, I’ve always had a sneaking suspicion that Kim Jong-il will be our next owner.

  33. 33
    avatar batty says:

    fck off corrie

  34. 34
    avatar batty says:

    i think iam goona oot stardust lata

  35. 35
    avatar batty says:

    komfort you must watch every episode of corrie lol

  36. 36
    avatar workyticket says:

    blanche says:
    October 7, 2009 at 2:55 pm

    “worky – thats wor batty man.”

    LOL.

  37. 37
    avatar batty says:

    eds blog has gone doon back since stardust has jacked in posting

  38. 38
    avatar batty says:

    worky you do laugh then y misery guts

  39. 39
    avatar batty says:

    you dont know how much that 2nd 1 realy dus look like stardy

  40. 40
    avatar blanche says:

    mistaken identity there my friend – but i do enjoy the odd episode.

  41. 41
    avatar batty says:

    well do you post on eds blog

  42. 42
    avatar workyticket says:

    batty says:
    October 7, 2009 at 3:04 pm

    “worky you do laugh then y misery guts”

    Never batty. I’m whingier than a Mackem!

  43. 43
    avatar batty says:

    worky ile send you the emails what ive had of stardust and you can oot him if y want cos ive already killed billy

  44. 44
    avatar workyticket says:

    batty says:
    October 7, 2009 at 3:08 pm

    “well do you post on eds blog”

    He’s signed a contract for this ‘blog now batty. We’re going to be like Man City!

  45. 45
    avatar workyticket says:

    batty says:
    October 7, 2009 at 3:10 pm

    “worky ile send you the emails what ive had of stardust and you can oot him if y want cos ive already killed billy.”

    I’ll send you my e.mail batty.

  46. 46
    avatar batty says:

    worky do you know who stardy realy is ?

  47. 47
    avatar Stuart79 says:

    batty says:
    October 7, 2009 at 3:14 pm
    worky do you know who stardy realy is ?

    Forest Gump?

  48. 48
    avatar workyticket says:

    batty says:
    October 7, 2009 at 3:14 pm

    “worky do you know who stardy realy is ?”

    I just know a little bit, not much.

  49. 49
    avatar blanche says:

    batty – i agree with you – we do need a new owner – just like that arab man down in man city.

  50. 50
    avatar batty says:

    Stuart79 hes uglyer than forrest

  51. 51
    avatar batty says:

    blanche cant remember lol

  52. 52
    avatar workyticket says:

    Stuart79 says:
    October 7, 2009 at 3:18 pm

    “Forest Gump?”

    LOL. I just knew that you’d have a suggestion there, Stuart! :-)

  53. 53
    avatar Stuart79 says:

    workyticket says:
    October 7, 2009 at 3:22 pm
    Stuart79 says:
    October 7, 2009 at 3:18 pm

    “Forest Gump?”

    LOL. I just knew that you’d have a suggestion there, Stuart!

    It was an open goal!

  54. 54
    avatar batty says:

    worky stardust works for inspire financial management m8

  55. 55
    avatar Stardust says:

    Never worked for anyone for years Batts!

  56. 56
    avatar Roy Cropper says:

    well one of directors fits your profile stardust – just round the corner from me , i’ll pop in tomorrow for a cuppa and a chin-wag – we’ll see if we can put the world to rights.

  57. 57
    avatar batty says:

    stardust soz for telling them m8

  58. 58
    avatar Roy Cropper says:

    batty – you couldn’t hold your water – nice one all the same.

  59. 59
    avatar Stardust says:

    Roy – Battys right – its me – tell you what I you dare come round to mine tomorrow – be prepared to fight – as soon as you walk in the door if you dont punch me I am gonna punch you first – before you even speak. Warning get the dig in first – ask questions later.

  60. 60
    avatar Roy Cropper says:

    hey man dickie – calm ya passions there’s ne need for that attitude now is there ?…anyway i’m twice the size of yer so take the first swing and if i aint hit the deck you best do a disapearing act sharpish.

    …bit of advise get your dodgy comb over sorted hahaha

  61. 61
    avatar Roy Cropper says:

    richard always finds time , however , to slag the newcastle fans off !!!!!…..

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