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New Toon Takeover plan hits Allardyce


Jimbo
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Sam Allardyce’s Newcastle future will be thrown into doubt once again in the new year amid a £200millon takeover battle for the club.

 

A mystery Singapore consortium is on the verge of launching a megabucks bid to buy out Newcastle’s current owner Mike Ashley.

 

And if the deal goes ahead, manager Allardyce will be facing another uncertain time under his third set of owners since arriving at St James’ Park.

 

Though Ashley insists he has no plans to sell the Premier League strugglers just six months after buying it for £170m, the signs are he is ready to listen to serious offers.

 

And, after such a torrid start to his reign in the north east, the loaded retail sports magnate, worth £1.9billion, may well find the interest from Singapore too tempting.

 

Our source said: “The talk is that £200m would be enough to buy Newcastle – and it could happen early in 2008.”

 

If he cuts the deal, Ashley will walk away having banked a whopping £30m from his investment – or £100,000 for each day in charge.

 

Nice work if you can get it – but the news from the Far East is a major blow for Allardyce, coming so soon after the Geordies’ draw with Arsenal and yesterday’s 2-1 win over Birmingham earned him crucial breathing space.

 

That point against the league leaders resulted in chairman Ashley issuing his manager with a third vote of confidence in as many weeks.

 

But, tellingly, he refused to give Allardyce any long-term security – admitting only that his position was not under ‘immediate’ threat.

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Guest James_coDurham

How many times? Ashley is not the fucking chairman. And a torrid start to his reign? Best start to a season in 10 years is far from torrid, imo.

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Newcastle chairman Chris Mort has moved to reject reports Mike Ashley is considering selling his stake in the club.

 

Reports over the weekend suggested a Singapore-based consortium was lining up a move to buy-out Ashley's stake in the club.

 

Mort has rubbished the rumours and insists Ashley remains committed to Newcastle for the foreseeable future.

 

"It's just not true that Mike is looking to sell Newcastle. End of story," Mort told the Daily Express.

 

"He has taken them [businesses] under his wing and developed them over a period of years.

 

"That's what we talk about doing at Newcastle."

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