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Archive for category: NUFC sale saga.

NUST unveil glittering array of major business players.

January 15th, 2010 | 202 Comments |

NUST Spokesman, Mark Jensen.
NUST Spokesman, Mark Jensen.
The Newcastle United Supporter’s Trust have today named the financial advisors who will guide them in their battle to oust current owner, Mike Ashley from the club.

First cab off the rank is the Delphi Partnership. They are a corporate finance business based in London, but they have strong North East connections through partner, John Sands, a former North East “Executive of the Year”, and neighbour of former Toon owner, Sir John Hall.

The second company to be unveiled is Whickham firm, the HRC Group, a financial management company. They will work with the NUST on compliance issues, which have been a major stumbling block for the NUST so far.

It was also announced that Leeds accountants, Hentons, have been working with the trust in an advisory role. NUST also announced that the Trust have also been working with a “leading Newcastle legal firm”, however their idendity is been kept a closely guarded secret at this stage.

On the grand unveiling, NUST spokesman, Mark Jensen said:

“Our partners have a proven track record in providing the very best advice and we will be announcing further partners in the next weeks.

“We’re entering an exciting phase and since the current owners have set out their exit strategy we are keen to speed up our campaign and ensure the legal position is portrayed correctly. (more…)


NUST claim Mike Ashley is making £7million a month from Newcastle United.

January 11th, 2010 | 320 Comments |

Mike Ashley: £7 million pounds per month claim NUST.
Mike Ashley: £7 million pounds per month claim NUST.
On the NUST’s website today, Tony Stephenson claimed a source had told the NUST that Ashley has performed the financial miracle of turning a company which lost over £20 million last year, into a company which was now making as much as £7 million per month. This would be the equivalent of approximately £84 million per annum, with a turnover that is almost half as much as it was in the preceding year.

Mr Richardson was writing about this seemingly remarkable feat in a preamble encouraging members to fill out the Trust’s latest survey, which, say the Trust:

“will be used to show interested potential partners the strength of feeling in the city and beyond about the current regime – the answers you give will form the basis of potential negotiations but are not binding on you. Its a massive marketing exercise to see if the fans are up for it.”

Later on in the piece, Mr Richardson goes on to stress: (more…)


NUST: Running out of time?

January 10th, 2010 | 221 Comments |

The NUST's Malcolm Shiels, Steve Hastie and Mark Jensen.
The NUST's Malcolm Shiels, Steve Hastie and Mark Jensen.
The Newcastle United Supporter’s Trust have recently completed the first phase of their “Yes We Can” campaign, a 6 week “education” programme.

Now, they have embarked on phase two of the campaign. On the NUST’s website. It says of the new phase that they are:

“…setting out our plan that will lead to negotiations with our club on a ‘fan led movement’ that will bring about new ownership with as little pain as possible for both sides.”

As a part of this launch of the second phase, NUST Spokesman, Mark Jensen, said in an interview on Friday that this phase would:

“Convince serious figures in the financial community that Newcastle United, run properly, is a viable, long-term investment”.

He then added on the January transfer window: (more…)


January sales – Newcastle United at knockdown price?

December 6th, 2009 | 117 Comments |

Decision time?
Decision time?
Despite another three points on the board, with the loudest cries of the day demanding the owner to take leave of his current involvement at Newcastle, the latest article in the News of the World suggests Toon fans might get their wish sooner rather than later. The paper claims that Mike Ashley is ready to reopen talks about selling Newcastle next month.

Despite the no-show of funds from previous prospective buyers, NoTW claims that new parties, including one from America, have made contact. Their inference is that relinquishing control of the club would allow him to concentrate on the forthcoming case with the Serious Fraud investigation over alleged price-fixing. And presumably a selling point would be that new owners would have time to invest and help ensure promotion to the top flight. (more…)


Barry Moat has not given up on buying the club.

November 16th, 2009 | 88 Comments |

Best of pals!
Best of pals!
Barry Moat still thinks there’s a chance of him buying Newcastle United in the future.

Apparently, whilst Moat has no immediate plans to launch another bid, he will continue to think about how he might wrest the club for Ashley in the future.

Speaking to Sky Sports News he said:

For one reason or another it didn’t come to pass.

It’s extremely disappointing. It’s something we’d given up a lot of time and effort and abortive costs with so I’ve been feeling pretty bruised by the whole process.

As my wife keeps telling me, ‘No one’s died’ so you’ve got to get on. That’s fundamentally where I see it now.

I think from my perspective I don’t think Mike Ashley wants to stay at St James’ Park for the long term, so I’ll never give up.

I’ll keep beavering away in the background and hopefully one day we’ll get there.” (more…)