Topic: Ashley now owns NUFC - 93.19% shares gained.

[Toon83]

Billionaire businessman Mike Ashley's St James Holdings Limited have announced the acquisition of approximately 41.6 per cent of Newcastle United. The group paid more than £55 million from Sir John Hall's family.

haven't they tried to buy us out before?

[Cabaye]

Who said FM wasn't realistic?

[Invicta_Toon]

Read the link on the OP

This is a formal offer to buy the whole club for £1 a share = £130 million

[Echo]

Wonder if Big Sam's wondering about Freddy's promised long term support?

[toonbaz]

taken from nufc.com

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

[Wullie]

He's the fella on the right.

[Slim]

So does this mean he will be investing aka chealski?

[shido]

He's the fella on the right.

The fat one! Yaaay!

[colinmk]

f***ing hell who would of thought the close season would of turned out this good? Big Sam behind the wheel and now the fat one about to get the boot up his arse he deserved. Quality.

[Toon83]

Hopefully this is done quickly and Freddie doesnt try to drag it out as it will disrupt Allardyce's transfer plans, because he will not know how much money he is going to have

[Echo]

He's the fella on the right.

Looks a bit cuddly for a billionaire

[Invicta_Toon]

  In accordance with the provisions of Rule 9 of the City Code, SJHL also
     announces the terms of a cash offer to be made for all of the issued and to
     be issued share capital of Newcastle United which is not already owned by
     SJHL.  SJHL intends to seek a recommendation of the Offer from the board of
     Newcastle United.

•    The Offer will, when formally made, be conditional only upon the receipt of
     acceptances in respect of Newcastle United Shares which, together with the
     Newcastle United Shares acquired or agreed to be acquired before or during
     the Offer, will result in SJHL holding Newcastle United Shares carrying
     more than 50 per cent. of the voting rights in Newcastle United.

•    The Offer will be 100 pence in cash for each Newcastle United Share,
     valuing the entire issued share capital of Newcastle United at £133.1
     million

•    The Offer represents:

     o    a premium of approximately 19 per cent. to the Closing Price of 84
          pence for each Newcastle United Share on 22 May 2007; and

     o    a premium of approximately 50 per cent. to the average Closing Price
          of 66.9 pence for each Newcastle United Share in the three month
          period up to and including 22 May 2007,

[sempuki]

He's the fella on the right.

He looks like he's partial to the odd pie himself!

[Pip]

So he has 41.6% now and is making a cash offer for the rest. There's a couple of thresholds that he'll be aiming for, the first being 50% as that'll make sure he's able to do whatever the f*** he wants. The second threshold is 70 something % (iirc) which is the point at which he can take the club off of the stock market, and the last threshold is 90 something % which is the point where everyone else is forced to sell up.

If Freddy decides not to sell, then this new bloke will only be able to acquire a maximum of 70.1%, which is still good enough as come the next AGM, he can simply 'vote' himself in and anybody he doens't want out.

[shido]

The guy on the left is the aged love child of simon pegg and sir alan sugar.

[Slugsy]

Very private guy as well, has been making a load of cash for years and keeps mainly out of the press - not a Freddie type at all in that respect.

[TheOrder]

This is great news.

[Tom_NUFC]

please please please kick Freddy out!

[DavB93]

Do you think Freddy will be out?

[Wullie]

He's the fella on the right.

The one in the glasses?

No, the fella on the right.

[jong24]

So he has 41.6% now and is making a cash offer for the rest. There's a couple of thresholds that he'll be aiming for, the first being 50% as that'll make sure he's able to do whatever the f*** he wants. The second threshold is 70 something % (iirc) which is the point at which he can take the club off of the stock market, and the last threshold is 90 something % which is the point where everyone else is forced to sell up.

If Freddy decides not to sell, then this new bloke will only be able to acquire a maximum of 70.1%.

You're a "glass is half empty" type of guy aren't you? 

[Sam04je]

He's the fella on the right.

He looks like he's partial to the odd pie himself!

Him and Freddy are going to get on well then..

[Echo]

So he has 41.6% now and is making a cash offer for the rest. There's a couple of thresholds that he'll be aiming for, the first being 50% as that'll make sure he's able to do whatever the f*** he wants. The second threshold is 70 something % (iirc) which is the point at which he can take the club off of the stock market, and the last threshold is 90 something % which is the point where everyone else is forced to sell up.

If Freddy decides not to sell, then this new bloke will only be able to acquire a maximum of 70.1%, which is still good enough as come the next AGM, he can simply 'vote' himself in and anybody he doens't want out.

interesting post

[Wullie]

Freddy would have to be mad not to take this offer too, it's way over the odds for each share. This bloke is f***ing serious.

[Martin Jol]

A little more info:

He's thick with Levy, Lewis and Kemsley leading to rumours that he would do a buy out at Spurs, although he'd never given any indication that he would.  Genuine football man so, in many ways, a better person to buy a club than an Abramovich.

He gets a mention here:

http://business.timesonline.co.uk/tol/business/industry_sectors/media/article745385.ece