Archive for tag: Club Statement.

NUFC Statement.

August 24th, 2009 | 56 Comments |

Club Statement
Club Statement
It simply reads:

NEWCASTLE United Football Club confirms that it has extended its deadline to Barry Moat to table an offer for the Club.

The extension has been granted in order to allow Barry Moat and his advisors to conclude funding arrangements with Barclays, current bankers, for the continuation of last season’s £39m facility.

This would allow a formal offer to be tabled.

It does tell us that Barry Moat is probably the only remaining serious contender and that the Barclays overdraft/loan facility will be the deciding factor in whether or not a successful bid is tabled. If Barclays cooperate then I assume it’s just up to Ashley to decide whether to accept the offer or not.