Author Topic: Ashley now owns NUFC - 93.19% shares gained.  (Read 186167 times)

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Offline Wullie

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Re: Mike Ashley buys Sir John Hall's shares - SSN
« 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.
Jeff's Garage - Cheaper than some other garages.

eyeball_tickler

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Re: Mike Ashley buys Sir John Hall's shares - SSN
« Reply #26 on: Wednesday 23 May 2007, 02:31:48 pm »
"an English born billionaire"

oh yes.

Offline Syrette

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Re: Mike Ashley buys Sir John Hall's shares - SSN
« Reply #27 on: Wednesday 23 May 2007, 02:32:23 pm »
Wow.

Offline Magpie

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Re: Mike Ashley buys Sir John Hall's shares - SSN
« 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

Offline James

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Re: Mike Ashley buys Sir John Hall's shares - SSN
« Reply #29 on: Wednesday 23 May 2007, 02:32:56 pm »
It cost him at least £55m according to the BBC
I looked into the eye of the Island and what I saw was beautiful.

Offline Skirge

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  • They Will Never Take My Cabaye
Re: Mike Ashley buys Sir John Hall's shares - SSN
« Reply #30 on: Wednesday 23 May 2007, 02:33:11 pm »
Even better !! :D
"Ranked 54th on the 2006 version of the Sunday Times Rich List,"

toonbaz

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Re: Mike Ashley buys Sir John Hall's shares - SSN
« 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

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Re: Mike Ashley buys Sir John Hall's shares - SSN
« Reply #32 on: Wednesday 23 May 2007, 02:33:23 pm »
he has to launch a takeover bid by stock market rules surely?

Offline Umer

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Re: Mike Ashley buys Sir John Hall's shares - SSN
« Reply #33 on: Wednesday 23 May 2007, 02:34:28 pm »
Even better !! :D
"Ranked 54th on the 2006 version of the Sunday Times Rich List,"

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

Offline Wullie

  • Administrator
Re: Mike Ashley buys Sir John Hall's shares - SSN
« Reply #34 on: Wednesday 23 May 2007, 02:34:37 pm »
I've put the stock exchange announcement in the OP.
Jeff's Garage - Cheaper than some other garages.

Offline Raconteur

  • General Member
  • I don't see any method at all, sir
Re: Mike Ashley buys Sir John Hall's shares - SSN
« 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?
Steve Bruce: Ashley Enabler

Echo

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Re: Mike Ashley buys Sir John Hall's shares - SSN
« 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!

Offline jong24

  • General Member
Re: Mike Ashley buys Sir John Hall's shares - SSN
« Reply #37 on: Wednesday 23 May 2007, 02:35:01 pm »
he has to launch a takeover bid by stock market rules surely?

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

NIToon

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Re: Mike Ashley buys Sir John Hall's shares - SSN
« Reply #38 on: Wednesday 23 May 2007, 02:35:14 pm »
I like billionaires

Toon83

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Re: Mike Ashley buys Sir John Hall's shares - SSN
« Reply #39 on: Wednesday 23 May 2007, 02:35:51 pm »
does anyone know how these takeovers work?

Sam04je

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Re: Mike Ashley buys Sir John Hall's shares - SSN
« Reply #40 on: Wednesday 23 May 2007, 02:36:10 pm »
How many billions are we alking about?

Offline Slugsy

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Re: Mike Ashley buys Sir John Hall's shares - SSN
« 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

Offline Skirge

  • General Member
  • They Will Never Take My Cabaye
Re: Mike Ashley buys Sir John Hall's shares - SSN
« Reply #42 on: Wednesday 23 May 2007, 02:37:17 pm »
Lets hope this creates a BYE BYE FREDDY YOU PIE MUNCHING b******!!
 O0 O0 O0 O0 O0 O0
An Englishman too, no American madness with this one..  :clap: :clap:

Offline jong24

  • General Member
Re: Mike Ashley buys Sir John Hall's shares - SSN
« 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."


Offline Umer

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Re: Mike Ashley buys Sir John Hall's shares - SSN
« Reply #44 on: Wednesday 23 May 2007, 02:37:52 pm »
How many billions are we alking about?

£1.9 bililon

alex

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Re: Mike Ashley buys Sir John Hall's shares - SSN
« Reply #45 on: Wednesday 23 May 2007, 02:37:57 pm »
Leazes is seething.

Sam04je

  • Guest
Re: Mike Ashley buys Sir John Hall's shares - SSN
« Reply #46 on: Wednesday 23 May 2007, 02:38:01 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?

Offline shido

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  • Yeaah Buddy!
Re: Mike Ashley buys Sir John Hall's shares - SSN
« 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

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Re: Mike Ashley buys Sir John Hall's shares - SSN
« Reply #48 on: Wednesday 23 May 2007, 02:38:52 pm »
Bye bye Freddy :lol:

toonbaz

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Re: Mike Ashley buys Sir John Hall's shares - SSN
« 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.