Scottish Mag 3 Posted November 15, 2006 Share Posted November 15, 2006 Wednesday, 15 November 2006, 13:12 GMT The Belgravia Group has revealed discussions are continuing with Newcastle United about a possible takeover of the Premiership club. The club confirmed they had been in talks with the Jersey-based firm but as yet had not received a formal proposal. "Talks are continuing with Newcastle United and we are keen to do a deal," a spokesman for Belgravia told BBC Sport. Reports at the weekend suggested that Magpies chairman Freddy Shepherd wants to assume sole control of the club. Shepherd already owns 28% of the club, while former chairman Sir John Hall has a 29% share and his son Douglas owns a 12% stake. The Newcastle chief has been under pressure to leave his post with fans blaming him for the club's current predicament. The Magpies, led by manager Glenn Roeder, lie third from bottom in the Premiership having won just two league games this season. Link to comment Share on other sites More sharing options...
paddy 9 Posted November 15, 2006 Share Posted November 15, 2006 well i'm off to church to say a few to the big fella Link to comment Share on other sites More sharing options...
Tooj 17 Posted November 15, 2006 Share Posted November 15, 2006 well i'm off to church to say a few to the big fella Freddie? Link to comment Share on other sites More sharing options...
paddy 9 Posted November 15, 2006 Share Posted November 15, 2006 yip, to tell him to sell up and fook off Link to comment Share on other sites More sharing options...
Tobias 0 Posted November 15, 2006 Share Posted November 15, 2006 They'd better hurry up before Shepherd goes for it Link to comment Share on other sites More sharing options...
Ayatollah Hermione 12756 Posted November 15, 2006 Share Posted November 15, 2006 I saw the 'co' and assumed it was 'completed' Fingers crossed. Link to comment Share on other sites More sharing options...
Rob W 0 Posted November 15, 2006 Share Posted November 15, 2006 FFS will never be able to raise £ 65 milllion - Shepherd Offshore is small time stuff TBH Link to comment Share on other sites More sharing options...
East Stander 0 Posted November 15, 2006 Share Posted November 15, 2006 Announcement just been made available that Northcote (IOM) were the big buyers of the 1,475,000 shares on 8th Nov. So fatty may have 2 interested buyers to consider. http://investing.thisismoney.co.uk/cgi-bin...19830&rns=1 Link to comment Share on other sites More sharing options...
Tom 13830 Posted November 15, 2006 Share Posted November 15, 2006 Hopefully this will turn out ok... Link to comment Share on other sites More sharing options...
East Stander 0 Posted November 16, 2006 Share Posted November 16, 2006 (edited) I'm guessing that this is who Northcote bought their shares from. Certainly some unusual share dealing going on. Also just found out that several of the directors of Fiske are also directors of Northcote so it could be a manoevure in their books for whatever reason. Newcastle United PLC (the "Company") 16 November 2006 Rule 8.3 - Newcastle United PLC On 7 November 2006, Fiske plc acquired on behalf of Carule Limited, the funds of which are managed on a discretionary basis by Richard Hubbard, 100,000 shares in the Company at a price of 68.25p. This took its total holding to 1,375,000, representing 1.033% of the shares in issue. On 8 November 2006, Fiske plc on behalf of Carule Limited sold 1,375,000 Newcastle United PLC shares at a price of 73p. Edited November 16, 2006 by East Stander Link to comment Share on other sites More sharing options...
afternoonfix 0 Posted November 17, 2006 Share Posted November 17, 2006 A massive £235m takeover is being lined up for Newcastle United, including a property deal worth £95m, from Jersey-based Belgravia Group. (Daily Express) http://news.bbc.co.uk/sport2/hi/football/g...ers/6156980.stm Link to comment Share on other sites More sharing options...
Tom 13830 Posted November 17, 2006 Share Posted November 17, 2006 Arsenal's Freddie Ljungberg, who has a food intolerance, is recovering after being struck down by eating a bit of cheese. (The Sun) eh? Link to comment Share on other sites More sharing options...
geordieshandy 0 Posted November 17, 2006 Share Posted November 17, 2006 Arsenal's Freddie Ljungberg, who has a food intolerance, is recovering after being struck down by eating a bit of cheese. (The Sun) eh? Food intolerence? He can't tolerate food? Does it get his back up or something? Link to comment Share on other sites More sharing options...
Kevin Carr's Gloves 3187 Posted November 17, 2006 Share Posted November 17, 2006 A massive £235m takeover is being lined up for Newcastle United, including a property deal worth £95m, from Jersey-based Belgravia Group. (Daily Express) http://news.bbc.co.uk/sport2/hi/football/g...ers/6156980.stm They do know we dont own the ground dont they. Link to comment Share on other sites More sharing options...
Baggio 0 Posted November 17, 2006 Share Posted November 17, 2006 Newcastle United were last night braced for a £235million takeover approach that would sweep out the current owners and include a property deal worth some £95m. The Belgravia Group, based in Jersey but with addresses in London’s Mayfair and St Helier, were said to be ready to offer £140m to secure the club and its immediate future spending with the rest of the massive sum earmarked for buildings and businesses that would create up to 7,000 jobs. A source close to Belgravia told the Daily Express: “Belgravia have been interested in Newcastle United for some time but made their move last Friday. “It’s not at the stage where Newcastle have an offer to put to the Stock Exchange but the football club knows our thinking. “We are talking about £140m for the club but there is also money for two hotels and a casino, although the offer is not conditional on permission to open a casino.” Belgravia and Polygon, an interested hedge fund, have been encouraged by knowing former chairman Sir John Hall and his son Douglas are willing to sell their majority stake of 41 per cent. Chairman Freddy Shepherd, who owns close to 30 per cent, has been warding off bid speculation for six months and last night he was adamant that no bid had been made. “Everybody wants to buy this club and they talk the talk but can they walk the walk?” he said. “There is no such thing as an informal offer. If they have made an approach it will be to Sir John Hall, whose people do the talking. “If I had a proper offer to consider it would be put to all shareholders, large and small, and it has not happened.” When Belgravia first showed interest in August, the club’s shares were 61p. Last night they closed at 70p, valuing the company at £96.3m. And the value of those shares have virtually doubled during 2006. Shepherd is all too aware of the market value of the club but believes it would take a lot more than that to buy it – while insisting he does not want to do business. There would have to be a dividend, he argues, and any notional sale would be in the region of £150m-£160m. The head of the Belgravia Group is Duncan Hickman, who holds directorships with a number of public and private companies. He has a background of 20 years working for financial institutions primarily involved in offshore fund management. Hickman was a founding partner of the Liberty Ermitage Group where he played a key role in building a $2.5bn asset management group from start-up. Prior to that he ran the Jersey operation of Fidelity Investments and started the fund of funds business for PricewaterhouseCoopers in Jersey. I understand that other, un-named members of the Belgravia Group are driving the interest in Newcastle. And they are not doing it on behalf of wealthy, third-party clients. Belgravia are interested in running a major club themselves, a sign of the financial potential the sport now enjoys. Shepherd could be forgiven for taking a fresh view on a takeover having had to bear the brunt of fans’ anger this season after a string of poor results in the Premiership. New boss Glenn Roeder has delivered another season of European football – and results in the UEFA Cup have been good. But the domestic slump has put the manager’s job on the line. Yet, for the first time in almost a generation, the fans have chosen not to blame the manager but have turned the heat on the chairman. They trained their sights on Shepherd after Newcastle lost at home to Sheffield United this season – prompting him to call for the players to accept their share of blame and insisting there was no “Geordie Abramovich”. Yet, if push came to shove, it is debatable whether fans, who see the club at the heart of their ‘Geordie Nation’, would want St James’ to fall into the hands of relatively unknown businessmen. Shepherd has had to take time out to care for his ill wife in recent weeks. But, publicly at least, his resolve to stay at the helm of the club he loves remains strong. http://www.dailyexpress.co.uk/news_detail.html?sku=730 Link to comment Share on other sites More sharing options...
ewerk 26227 Posted November 17, 2006 Share Posted November 17, 2006 Announcement just been made available that Northcote (IOM) were the big buyers of the 1,475,000 shares on 8th Nov. So fatty may have 2 interested buyers to consider. http://investing.thisismoney.co.uk/cgi-bin...19830&rns=1 Or Northcote could be trying to make a quick buck by selling to Belgravia at a higher price. Link to comment Share on other sites More sharing options...
ewerk 26227 Posted November 17, 2006 Share Posted November 17, 2006 A massive £235m takeover is being lined up for Newcastle United, including a property deal worth £95m, from Jersey-based Belgravia Group. (Daily Express) http://news.bbc.co.uk/sport2/hi/football/g...ers/6156980.stm They do know we dont own the ground dont they. Ssssh! Tell them nothing. Link to comment Share on other sites More sharing options...
Optimistic Nut 9 Posted November 17, 2006 Share Posted November 17, 2006 Tyne Bridge is going for £70m too. Link to comment Share on other sites More sharing options...
curry stained pilchard 0 Posted November 17, 2006 Share Posted November 17, 2006 Tyne Bridge is going for £70m too. Apparantly the Yanks want it. Just ship them over the Mecano one that was in the Baltic. They'll never click... Link to comment Share on other sites More sharing options...
Tom 13830 Posted November 17, 2006 Share Posted November 17, 2006 Tyne Bridge is going for £70m too. Apparantly the Yanks want it. Just ship them over the Mecano one that was in the Baltic. They'll never click... You serious? Why would you want to own a bridge... Link to comment Share on other sites More sharing options...
Tooj 17 Posted November 17, 2006 Share Posted November 17, 2006 Tyne Bridge is going for £70m too. Apparantly the Yanks want it. Just ship them over the Mecano one that was in the Baltic. They'll never click... You serious? Why would you want to own a bridge... Toll it and make a fortune. Link to comment Share on other sites More sharing options...
adios 717 Posted November 17, 2006 Share Posted November 17, 2006 Tyne Bridge is going for £70m too. Apparantly the Yanks want it. Just ship them over the Mecano one that was in the Baltic. They'll never click... You serious? Why would you want to own a bridge... What exactly do you do in university? Link to comment Share on other sites More sharing options...
Tom 13830 Posted November 17, 2006 Share Posted November 17, 2006 Tyne Bridge is going for £70m too. Apparantly the Yanks want it. Just ship them over the Mecano one that was in the Baltic. They'll never click... You serious? Why would you want to own a bridge... What exactly do you do in university? drugs Link to comment Share on other sites More sharing options...
adios 717 Posted November 17, 2006 Share Posted November 17, 2006 drugs As did we all, what course are you enrolled on? Link to comment Share on other sites More sharing options...
Tom 13830 Posted November 17, 2006 Share Posted November 17, 2006 drugs As did we all, what course are you enrolled on? Bridges and Swing Bridges Design and Implication in the UK. nah Film and Tv... Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now