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Archive for tag: NUST takeover plans.

Probing the pension broker behind NUST.

February 4th, 2010 | 163 Comments |

SIPP Broker Ltd's Lynn Steele (right).
SIPP Broker Ltd's Lynn Steele (right).
The acronym “SIPP” (Self Invested Personal Pension) has recently become a familiar one to all those who have supported the NUST in their bid to drive owner, Mike Ashley, from St James’s Park. It is one of the primary financial vehicles used to persuade people to invest savings and pensions in the NUST’s Barack Obama inspired “Yes We Can” campaign.

In this story I will be looking at the financial brain behind the NUST, Lynn Steele, and her company, “The SIPP Broker Ltd”, in Halifax. Formed less than two years ago, the SIPP Broker Ltd’s rise has been not far short of meteoric, and it’s business development team includes figures such as ex Chelsea player, David Speedie, and ex ‘Spurs player, Graham Roberts, who were brought in to exploit oppotunities from the highly lucrative world of football.

It was Speedie who caused a huge furore in 2004 after referring to black people as “blackies” and “ni**ers” at a charity function, after agreeing with Ron Atkinson’s comments about black player, Marcel Desailly, who was described as a “lazy thick ni**er” by the veteran manager and pundit. It was Roberts who, in his capacity as a business development advisor for the pension selling firm, also fronted the “Fans 401” bid for Newcastle United some time ago.

On that bid, Lynn Steele said in an interview with the Halifax Courier:

“The supporters’ trust is the key.” (more…)


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: 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…)