Tooj
 Offline
|
 |
« on: May 30, 2009, 09:42:26 PM » |
|
http://www.journallive.co.uk/north-east-news/todays-news/2009/09/19/nufc-admit-100m-is-on-table-for-club-but-overdraft-is-stumbling-block-61634-24727668/NUFC admit £100m is on table for club - but overdraft is stumbling block
NEWCASTLE United last night confirmed the £100m asking price for the club had been met – but there are fresh indications that current owner Mike Ashley is planning to stay.
The club issued a statement to The Journal which said: “The £100m asking price has been matched, however, we are still in negotiations and all parties involved are at sale and purchase stage.”
The chances of a speedy resolution to the takeover saga are thought to remain slim with Ashley closing in on a deal to secure a new, and much-reduced, overdraft facility with bankers following months of talks.
Sources say that in recent days there has been “renewed urgency” in the club’s talks over a new lending deal which will see the club’s borrowing capacity reduced from £39m to around £25m.
This would provide Newcastle with security for this season, and Ashley is increasingly pinning his hopes that the team’s current on-the-field success will improve its long-term value, and make it more attractive to purchasers a few months down the line.
The Journal understands that local businessman Barry Moat is behind the £100m offer mentioned in last night’s statement. However, it is understood the overdraft facility he is being offered by Barclays is less than that on offer to Ashley, which could prove a major stumbling block.
Sources have also confirmed there are two overseas parties still in talks with the club over a potential offer, with both having progressed through the due diligence phase.
|
|
|
|
« Last Edit: October 30, 2009, 05:53:46 PM by Dave »
|
Logged
|
"I took the decision to resign in September 2008 only after very careful and anxious consideration. The decision to resign was one of the most difficult decisions that I have ever had to take in my life. I believe that anybody who knows me and my attachment to Newcastle United and the North East in general will understand how difficult this must have been. I very much hope that the decision of the Tribunal now confirms why I felt that I had no option but to resign from the position as Manager of the Club that I love."- Kevin Keegan speaking on 02/10/2009
|
|
|
|
|
|
Tooj
Offline
|
|
« Reply #2 on: May 30, 2009, 09:44:35 PM » |
|
Dave's lass is right like. Faster than Superman.
|
|
|
|
|
Logged
|
"I took the decision to resign in September 2008 only after very careful and anxious consideration. The decision to resign was one of the most difficult decisions that I have ever had to take in my life. I believe that anybody who knows me and my attachment to Newcastle United and the North East in general will understand how difficult this must have been. I very much hope that the decision of the Tribunal now confirms why I felt that I had no option but to resign from the position as Manager of the Club that I love."- Kevin Keegan speaking on 02/10/2009
|
|
|
|
Dave
Administrator
Offline
|
|
« Reply #3 on: May 30, 2009, 09:44:39 PM » |
|
Finally it speaks, and that's that then.
Let's just hope it's done quickly and the next lot have much more of a clue.
|
|
|
|
|
Logged
|
|
|
|
|
Frazzle
Offline
|
|
« Reply #4 on: May 30, 2009, 09:45:42 PM » |
|
Seems silly selling now, why appoint Shearer? The new owners may hate him.
Let's hope that rich Norweigan bloke buys us.
Scandanavian mags! What's his name?
^^ my post from the other thread.
|
|
|
|
|
Logged
|
|
|
|
|
joeyt
Offline
Genius.
|
|
« Reply #5 on: May 30, 2009, 09:46:15 PM » |
|
|
|
|
|
|
Logged
|
|
|
|
|
Tooj
Offline
|
|
« Reply #6 on: May 30, 2009, 09:46:30 PM » |
|
NM Roth-schild. Aren't these the blokes that according to Parky rule us all?
|
|
|
|
|
Logged
|
"I took the decision to resign in September 2008 only after very careful and anxious consideration. The decision to resign was one of the most difficult decisions that I have ever had to take in my life. I believe that anybody who knows me and my attachment to Newcastle United and the North East in general will understand how difficult this must have been. I very much hope that the decision of the Tribunal now confirms why I felt that I had no option but to resign from the position as Manager of the Club that I love."- Kevin Keegan speaking on 02/10/2009
|
|
|
|
Dave
Administrator
Offline
|
|
« Reply #7 on: May 30, 2009, 09:46:36 PM » |
|
Seems silly selling now, why appoint Shearer? The new owners may hate him.
Let's hope that rich Norweigan bloke buys us.
Scandanavian mags! What's his name?
^^ my post from the other thread.
Shearer hasn't been appointed though. ^ my post from the other thread.  |
|
|
|
|
Logged
|
|
|
|
|
Jayson
Offline
|
|
« Reply #8 on: May 30, 2009, 09:46:56 PM » |
|
No doubt he'll somehow make this drag out for weeks and weeks to well and truly f*** any preperation time we could have had
|
|
|
|
|
Logged
|
|
|
|
|
Boat In Lorry
Robster
Offline
|
|
« Reply #9 on: May 30, 2009, 09:47:04 PM » |
|
Bang goes a steady summer to get ready for the new season  |
|
|
|
|
Logged
|
|
|
|
|
Frazzle
Offline
|
|
« Reply #10 on: May 30, 2009, 09:47:26 PM » |
|
Seems silly selling now, why appoint Shearer? The new owners may hate him.
Let's hope that rich Norweigan bloke buys us.
Scandanavian mags! What's his name?
^^ my post from the other thread.
Shearer hasn't been appointed though. ^ my post from the other thread. My second post from that thread: Says this though: "The news comes as talks to give Alan Shearer, the care-taker manager, a full-time contract to rebuild Newcastle United were continuing this weekend." Now stay in here man! |
|
|
|
|
Logged
|
|
|
|
|
Pilko
Offline
Now officially subtle and hilarious.
|
|
« Reply #11 on: May 30, 2009, 09:48:38 PM » |
|
No doubt he'll somehow make this drag out for weeks and weeks to well and truly f*** any preperation time we could have had
This. Somehow I think we'll see something similar to what happened when he appointed Kinnear - he'll say things are going well to selling the club but in actual fact, they aren't. |
|
|
|
|
Logged
|
Have a question about anything? Ask the guru of all knowledge here.Kap Bambino seem very irritating at first listen, although I get the impression they could win me round if I was in the right mood - however I probably won't ever give them the chance. Basically, they remind me of Pilko in every single way.
|
|
|
|
ikri
Offline
|
|
« Reply #12 on: May 30, 2009, 09:49:02 PM » |
|
Needs to be a really quick sale to someone with plenty of cash to spare, not just to fund the rebuilding of the squad but to ensure that the club isn't saddled with a huge debt to Ashley for years to come.
|
|
|
|
|
Logged
|
|
|
|
|
Decky
Not John McClane
Offline
Enough of this kung foo s***
|
|
« Reply #13 on: May 30, 2009, 09:49:11 PM » |
|
Well Ashley could well kick us when we are down with this. We need a manager and a complete squad overhaul, will Ashley bank roll all of that if he wants out? How long will a take over take? I hope to f*** we are not sitting waiting for the next month or so until this is done, we need a manager and transfer movement NOW not in a few weeks.
|
|
|
|
|
Logged
|
 An Dún Abú |
|
|
|
Dave
Administrator
Offline
|
|
« Reply #14 on: May 30, 2009, 09:49:56 PM » |
|
One can only assume Shearer knows all about this btw. Is that a positive? He'd have walked already if there was a chance of things going tits up, surely?
|
|
|
|
|
Logged
|
|
|
|
|
Tooj
Offline
|
|
« Reply #15 on: May 30, 2009, 09:50:20 PM » |
|
I don't believe it mentions anything of the loans Ashley has given the club though.
|
|
|
|
|
Logged
|
"I took the decision to resign in September 2008 only after very careful and anxious consideration. The decision to resign was one of the most difficult decisions that I have ever had to take in my life. I believe that anybody who knows me and my attachment to Newcastle United and the North East in general will understand how difficult this must have been. I very much hope that the decision of the Tribunal now confirms why I felt that I had no option but to resign from the position as Manager of the Club that I love."- Kevin Keegan speaking on 02/10/2009
|
|
|
|
Stifler
was bigchrisfgb
Offline
Come here you ginger bitch.
|
|
« Reply #16 on: May 30, 2009, 09:51:04 PM » |
|
Sounds like more media bull to me. I mean, they have gone a few days without rubbing it in our faces, and now want to do it again, so they tell stories again. One big cheer for the media.  Yes of course he will want out at some time, but I think it's still all media bull at the moment. |
|
|
|
|
Logged
|
|
|
|
|
djmattis
 Online
Chi non salta è un Rossonero!
|
|
« Reply #17 on: May 30, 2009, 09:52:28 PM » |
|
Thanks for everything Mike  |
|
|
|
|
Logged
|
|
|
|
|
Dave
Administrator
Offline
|
|
« Reply #18 on: May 30, 2009, 09:53:29 PM » |
|
I don't believe it mentions anything of the loans Ashley has given the club though.
Aren't some of the loans we currently have set up in the same way they were before - ie they are called in when someone new takes over? Depending on their size this may put potential suitors off. The financial mess Ashley walked into is sure to make anyone interested think twice too. Are things any better now? |
|
|
|
|
Logged
|
|
|
|
|
Dave
Administrator
Offline
|
|
« Reply #19 on: May 30, 2009, 09:54:18 PM » |
|
Sounds like more media bull to me. I mean, they have gone a few days without rubbing it in our faces, and now want to do it again, so they tell stories again. One big cheer for the media. Yes of course he will want out at some time, but I think it's still all media bull at the moment. A broadsheet wouldn't be making up direct quotes man. |
|
|
|
|
Logged
|
|
|
|
|
Tooj
Offline
|
|
« Reply #20 on: May 30, 2009, 09:54:50 PM » |
|
I don't believe it mentions anything of the loans Ashley has given the club though.
Aren't some of the loans we currently have set up in the same way they were before - ie they are called in when someone new takes over? Depending on their size this may put potential suitors off. The financial mess Ashley walked into is sure to make anyone interested think twice too. Are things any better now? Let's just hope they do their due diligence. |
|
|
|
|
Logged
|
"I took the decision to resign in September 2008 only after very careful and anxious consideration. The decision to resign was one of the most difficult decisions that I have ever had to take in my life. I believe that anybody who knows me and my attachment to Newcastle United and the North East in general will understand how difficult this must have been. I very much hope that the decision of the Tribunal now confirms why I felt that I had no option but to resign from the position as Manager of the Club that I love."- Kevin Keegan speaking on 02/10/2009
|
|
|
|
Dave
Administrator
Offline
|
|
« Reply #21 on: May 30, 2009, 09:55:32 PM » |
|
I don't believe it mentions anything of the loans Ashley has given the club though.
Aren't some of the loans we currently have set up in the same way they were before - ie they are called in when someone new takes over? Depending on their size this may put potential suitors off. The financial mess Ashley walked into is sure to make anyone interested think twice too. Are things any better now? Let's just hope they do their due diligence. Which could take how long...? We're f***ed man. This has now reached SSN btw. |
|
|
|
|
Logged
|
|
|
|
|
Tooj
Offline
|
|
« Reply #22 on: May 30, 2009, 09:56:12 PM » |
|
I don't believe it mentions anything of the loans Ashley has given the club though.
Aren't some of the loans we currently have set up in the same way they were before - ie they are called in when someone new takes over? Depending on their size this may put potential suitors off. The financial mess Ashley walked into is sure to make anyone interested think twice too. Are things any better now? Let's just hope they do their due diligence. Which could take how long...? We're f***ed man. This has now reached SSN btw. Must be untrue then. |
|
|
|
|
Logged
|
"I took the decision to resign in September 2008 only after very careful and anxious consideration. The decision to resign was one of the most difficult decisions that I have ever had to take in my life. I believe that anybody who knows me and my attachment to Newcastle United and the North East in general will understand how difficult this must have been. I very much hope that the decision of the Tribunal now confirms why I felt that I had no option but to resign from the position as Manager of the Club that I love."- Kevin Keegan speaking on 02/10/2009
|
|
|
|
neesy111
Offline
Espania
|
|
« Reply #23 on: May 30, 2009, 09:56:13 PM » |
|
I don't believe it mentions anything of the loans Ashley has given the club though.
Aren't some of the loans we currently have set up in the same way they were before - ie they are called in when someone new takes over? Depending on their size this may put potential suitors off. The financial mess Ashley walked into is sure to make anyone interested think twice too. Are things any better now? thats true, things are better now as long the savings in the club are met over the summer, which if we get rid of our 10 highest earners will happen |
|
|
|
|
Logged
|
|
|
|
|
neesy111
Offline
Espania
|
|
« Reply #24 on: May 30, 2009, 09:56:34 PM » |
|
mind you that's a big IF
|
|
|
|
|
Logged
|
|
|
|
|
Dave
Administrator
Offline
|
|
« Reply #25 on: May 30, 2009, 09:57:26 PM » |
|
I don't believe it mentions anything of the loans Ashley has given the club though.
Aren't some of the loans we currently have set up in the same way they were before - ie they are called in when someone new takes over? Depending on their size this may put potential suitors off. The financial mess Ashley walked into is sure to make anyone interested think twice too. Are things any better now? Let's just hope they do their due diligence. Which could take how long...? We're f***ed man. This has now reached SSN btw. Must be untrue then.  |
|
|
|
|
Logged
|
|
|
|
|
|
|
Boat In Lorry
Robster
Offline
|
|
« Reply #27 on: May 30, 2009, 09:58:40 PM » |
|
Which could take how long...? We're f***ed man. This is very scary indeed. Wave bye bye to any instant return to the premier league. |
|
|
|
|
Logged
|
|
|
|
|
SAK
Offline
|
|
« Reply #28 on: May 30, 2009, 09:59:00 PM » |
|
Hopefully some mega rich investors will want to get in while we're cheap.
|
|
|
|
|
Logged
|
Get a life? Well, once I nearly found one, but the link was broken.
|
|
|
|
midds
Administrator
Offline
Cogito, ergo summat or other
|
|
« Reply #29 on: May 30, 2009, 09:59:18 PM » |
|
Don't care how long it takes - just get the club sold so we can move it forwards. If it takes a year or two to get things turned around then so be it.
Just appoint a manager prepared to see it through and re-build the club from f***ing scratch.
|
|
|
|
|
Logged
|
Basils and bay leaves. I’m just pluckin the flat-leaf parsley and flickin it at your ass.
|
|
|
|
|
