When Mike Ashley rode into toon he took the Freddy Shepherd Gang by surprise. Shepherd claims he was ambushed while he lay incapacitated on a hospital bed and before we knew it rumour quickly became fact and Ashley had bought Newcastle United, not exactly with a suitcase full of money but without any of the [...]
Posts Tagged ‘takeover’
Latest buy-out rumours “not true” says Llambias.
Posted September 11th, 2009 by Hugh de Payen | 8 CommentsAccording to The Chronicle, they were contacted by one of their ‘usually reliable sources’ who said that one interested group had reached written agreement about buying the club and ‘other sources’ close to Sheard’s American bidders said that the deal is close to crossing the finishing line. Both Derek Llambias and Seymour Pierce deny these [...]
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 [...]
Moat takeover imminent. Maybe.
Posted September 6th, 2009 by Hugh de Payen | 88 CommentsThe Telegraph is claiming that talks between the club and Barry Moat are scheduled and that a deal could be agreed imminently. The key word in that sentence is ‘could‘ though, so let’s wait and see how it actually turns out. The Telegraph’s claims do seem at odds with Keith Harris’s last statement on matters, [...]
US bid faltering. Carroll speaks. Hughton laments.
Posted September 5th, 2009 by Hugh de Payen | 77 CommentsApparently the Sheard-fronted US bid is in trouble. According to The Chronicle, the talks between the bidders and Seymour Pierce broke down after the US consortium failed to provide proof of funds. That’s not quite the end of things though as Derek Llambias has been teleconferencing with them, although no progress has been made. In [...]
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 [...]
Fan-owned Toon. Bet your pension on it.
Posted August 31st, 2009 by Hugh de Payen | 11 CommentsRemember Graham Roberts and his plan to put Newcastle United in the hands of the fans? I thought that had faded into oblivion. In fact I thought it was a complete non-starter and imposed a reporting embargo on myself about it, but I’ve lifted it in the interests of amusement. It seems this bid is [...]
Yanks close in on Toon.
Posted August 30th, 2009 by Hugh de Payen | 21 CommentsAccording to The Mirror, Alan Shearer is the fairest of them all. Or at least that will be the case if the Sheard-fronted American bid is successful. The Mirror claims the consortium is close to signing a deal, although forgive me for not getting all excited but we’ve heard this sort of stuff before and [...]
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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