Author Topic: Ashley now owns NUFC - 93.19% shares gained. (Read 85653 times)

Wullie · « **Reply #25 on:** Wednesday 23 May 2007, 02:31:40 PM »

Quote

Mike Ashley said:

'I am delighted to have this opportunity to invest in Newcastle United. The
club has a fantastic infrastructure, for which Sir John and the board must take
much of the credit. I am pleased that Sir John has agreed to remain as Life
President of the club. Newcastle United has a wonderful heritage and the
passion of its fans is legendary. I am sure that, like me, they are already
excited about the prospects for next season under the new manager's
stewardship.'

Blimey.

eyeball_tickler · « **Reply #26 on:** Wednesday 23 May 2007, 02:31:48 PM »

"an English born billionaire"

oh yes.

Syrette · « **Reply #27 on:** Wednesday 23 May 2007, 02:32:23 PM »

Magpie · « **Reply #28 on:** Wednesday 23 May 2007, 02:32:29 PM »

Sports World owner, secretive tycoon they reckon!!!

http://news.independent.co.uk/business/news/article2064779.ece

James · « **Reply #29 on:** Wednesday 23 May 2007, 02:32:56 PM »

It cost him at least £55m according to the BBC

Skirge · « **Reply #30 on:** Wednesday 23 May 2007, 02:33:11 PM »

Even better !!

"Ranked 54th on the 2006 version of the Sunday Times Rich List,"

toonbaz · « **Reply #31 on:** Wednesday 23 May 2007, 02:33:15 PM »

breaking news on bbc website now also, came right out of the blue this one.
was only a couple of days ago freddy was talking about how hard it would be to buy this club as him and the halls weren't selling.

Invicta_Toon · « **Reply #32 on:** Wednesday 23 May 2007, 02:33:23 PM »

he has to launch a takeover bid by stock market rules surely?

Umer · « **Reply #33 on:** Wednesday 23 May 2007, 02:34:28 PM »

Quote from: Skirge on Wednesday 23 May 2007, 02:33:11 PM

Even better !!
"Ranked 54th on the 2006 version of the Sunday Times Rich List,"

As of the 2007 one he is now 25th, worth about £1900m!

Wullie · « **Reply #34 on:** Wednesday 23 May 2007, 02:34:37 PM »

I've put the stock exchange announcement in the OP.

Raconteur · « **Reply #35 on:** Wednesday 23 May 2007, 02:34:42 PM »

Few questions raised for me:

41% = must make formal takeover bid?

Also, does this mean he has the power to challege Shepherd's chairmanship?

Oh, and doesn't 41% mean both Sir John AND Douglas' shares?

Echo · « **Reply #36 on:** Wednesday 23 May 2007, 02:34:50 PM »

As I said earlier - He's looking to buy more share's to become the MAJOR SHAREHOLDER - so Freddy looks like he may be getting his coat!

jong24 · « **Reply #37 on:** Wednesday 23 May 2007, 02:35:01 PM »

Quote from: Invicta_Toon on Wednesday 23 May 2007, 02:33:23 PM

he has to launch a takeover bid by stock market rules surely?

Good point, isn't the cut off point 39%?

NIToon · « **Reply #38 on:** Wednesday 23 May 2007, 02:35:14 PM »

I like billionaires

Toon83 · « **Reply #39 on:** Wednesday 23 May 2007, 02:35:51 PM »

does anyone know how these takeovers work?

Sam04je · « **Reply #40 on:** Wednesday 23 May 2007, 02:36:10 PM »

How many billions are we alking about?

Slugsy · « **Reply #41 on:** Wednesday 23 May 2007, 02:37:02 PM »

Retail is one of my sectors - he used to own Sports Soccer - now Sports Direct - a very private guy that has just recently floated that business.

Very rich and very astute

Skirge · « **Reply #42 on:** Wednesday 23 May 2007, 02:37:17 PM »

Lets hope this creates a BYE BYE FREDDY YOU PIE MUNCHING b******!!

An Englishman too, no American madness with this one..

jong24 · « **Reply #43 on:** Wednesday 23 May 2007, 02:37:51 PM »

"Billionaire businessman Mike Ashley today bought a 41.6% holding in Newcastle to launch a takeover bid.

St James’ Holdings Limited, a company set up specifically to buy shares in the club, has acquired 55,342,223 shares at 100p each from Wynyard (Guernsey) Limited, Cameron Hall Developments Limited and Cameron Hall Developments Limited Executive Pension Scheme, the holdings of Sir John Hall and his family.

British stock exchange rules mean that the company now has to make a cash offer for the remaining shares, around 29.8% of which belong to chairman Freddy Shepherd."

Umer · « **Reply #44 on:** Wednesday 23 May 2007, 02:37:52 PM »

Quote from: Sam04je on Wednesday 23 May 2007, 02:36:10 PM

How many billions are we alking about?

£1.9 bililon

alex · « **Reply #45 on:** Wednesday 23 May 2007, 02:37:57 PM »

Leazes is seething.

Sam04je · « **Reply #46 on:** Wednesday 23 May 2007, 02:38:01 PM »

Quote from: Slugsy on Wednesday 23 May 2007, 02:37:02 PM

Retail is one of my sectors - he owns Sports Soccer -now Sports Direct - a very private guy has just recently floated his businesses.

Very rich and very astute

Kaka anyone?

shido · « **Reply #47 on:** Wednesday 23 May 2007, 02:38:51 PM »

OooOooH exciting! Fingers crossed....very crossed....that this is the beginning of the end for PIE FACE!

Knightrider · « **Reply #48 on:** Wednesday 23 May 2007, 02:38:52 PM »

Bye bye Freddy

toonbaz · « **Reply #49 on:** Wednesday 23 May 2007, 02:39:23 PM »

he must have majority holding now, what rights does that give him over shepherd?

i'm quite excited about this.

Author Topic: Ashley now owns NUFC - 93.19% shares gained. (Read 85653 times)

eyeball_tickler

Invicta_Toon

Echo

NIToon

Toon83

alex

Knightrider