According to a statement the club made to The Journal, Ashley’s £100m asking price has been met and ‘all parties are at the sale and purchase stage‘, which sounds a bit different to any parties I’ve been to. The Journal then goes on to speculate that it could still be some time before the takeover [...]
Posts Tagged ‘Overdraft’
Good crowds help Moat’s takeover bid.
Posted September 9th, 2009 by Hugh de Payen | 24 CommentsThe 40,000 crowds we’ve been getting at home games could help Barry Moat’s attempts to take over Newcastle United Football Club. According to a recent article in The Journal, Moat’s original business plan was based on the Toon attracting 25,000 for home games. I have no idea how The Journal knows that but if we [...]
Toon takeover latest – Harris speaks.
Posted September 2nd, 2009 by Hugh de Payen | 32 CommentsAccording to previous press reports, Newcastle United’s £39m overdraft facility with Barclays Bank ended on the 31st August and unless some other agreement was reached it was going to be renewed with only a £10m limit, in line with Barclays’ policy for Championship clubs. If reports that the club owed £20m on that overdraft facility [...]
Moat’s course may yet be damned.
Posted August 25th, 2009 by Hugh de Payen | 45 CommentsMuch 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 [...]
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