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Group declares move for Newcastle United

Jun 9 2009 by Lee Ryder, Evening Chronicle

 

A FAR Eastern group has officially declared an interest in taking over Newcastle United.

 

The news comes a day after Toon owner Mike Ashley put the club up for sale for £100m and invited people to e-mail in with bids.

 

The organisation, which is based in Singapore, has already said it intends to keep Alan Shearer on as manager if the move is successful.

 

It has links with existing football businesses, including a current Premier League club, as well as banking, property and legal services.

 

A high-profile football figure has been recruited to spearhead the takeover attempt for the group, which was established in the 1980s.

 

:: For more on the move get later editions of the Chronicle tonight and The Journal tomorrow.

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Declaration claim

 

 

From The Chronicle, Tuesday:

 

A Far Eastern group has officially declared an interest in taking over Newcastle United.

 

The news comes a day after Toon owner Mike Ashley put the club up for sale for £100m and invited people to e-mail in with bids.

 

The organisation, which is based in Singapore, has already said it intends to keep Alan Shearer on as manager if the move is successful.

 

It has links with existing football businesses, including a current Premier League club, as well as banking, property and legal services.

 

A high-profile football figure has been recruited to spearhead the takeover attempt for the group, which was established in the 1980s.

 

This isn't the first time that a similar story has emerged, with the attendance of former Liverpool midfielder Steve McMahon at our home friendly against PSV Eindhoven in August 2008 raising eyebrows.

 

McMahon accompanied representatives of the Singapore -based Profitable Group on that visit, sparking rumours of a takeover bid. However he was quick to play that down, claiming that his brief was merely to act as Newcastle's strategic partner in the Far East.

 

2009 sees Profitable promoting Liverpool's pre-season matches in Singapore and Bangkok, while the Executive list at sister company Strategic Sports Investment (SSI) includes Kenny Dalglish as "UK Operations Advisor".

 

PS: "European Operations Advisor" to SSI is one Darren Venn, formerly Commercial Director of Newcastle United.

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Barcelona Two

 

 

NEWCASTLE United owner Mike Ashley is in talks with the Singapore-based company The Profitable Group over a possible sale.

 

The Chronicle can reveal that the far east strategic global investment group are currently preparing a package to bid for £100million-rated Newcastle with Toon tycoon Ashley officially putting the club up for sale yesterday.

 

The Profitable Group are understood to have a strong Geordie connection and have ex-Liverpool and England midfield battler Steve McMahon on board as Group Commercial Director.

 

And it is understood that the group have an ambitious plan to involve the fans at St James’s Park more than ever.

 

Indeed, the company’s initial blueprint, which was disclosed to the Chronicle today from the far east, claims a successful bid would see them:

 

Plan to turn United into a trust which will give Toon fans a major say in club politics and draw similarities with the Barcelona model in La Liga

To appoint Alan Shearer as boss and back the Geordie legend with transfer funds to help the Magpies fight their way out of the Premier League

 

Ensure that a footballing figure will be appointed at boardroom level to ensure the series of high profile errors of Mike Ashley era aren’t repeated

 

To increase the capacity of St James’s Park to 60,000

 

A Profitable Group source told the Chronicle today from Singapore said: "Yes we are interested in buying Newcastle United - and we’re putting together a plan.

 

"We have spoken with Mike Ashley and Derek Llambias and we are hoping that we can reveal a lot more in the next few days.

 

"We have people within the company who have strong Geordie roots that stretch more than 40 years.

 

"And there are people here who have a love for the club - we think that is vital for Newcastle at the moment.

 

 

 

 

The plan we have in mind is to get the club on a sound financial footing first and foremost.

 

"Then we aim to turn the club into a trust.

 

"It will be very similar to the Barcelona model where fans have a major say on what happens at the club.

 

"Without any question we see Alan Shearer as the man to manage the team.

 

"Yes, we have Steve McMahon on board but he is not looking into management.

 

"He is though a football man and understands the game inside out.

 

"There is also scope to look at increasing the capacity to 60,000 which is being explored.

 

"We will look to give Alan money to spend and funds to build his squad - but we have to say now that we are not interested in highly paid players at this moment in time - we won’t be a Chelsea."

 

The source, who spoke to us before boarding a flight to a business meeting, made it clear Shearer, who has been backed overwhelmingly by the Tyneside public, was their number one choice.

 

"What this club needs now is somebody who understands the area, understands the people and how this club works.

 

"Steve McMahon can offer expertise in the background. But Alan is the man we want."

 

However, the next move is all dependent on the co-operation of Ashley, Llambias and Seymour Pierce investment banker Keith Harris who has been entrusted to sell the club.

 

The source added: "We are not in the business of misleading people.

 

"We have put a plan together and it’s one we think that the fans will be behind.

 

"Newcastle is a fabulous club and we are hoping that we can reveal more in the next few days."

 

 

Too good to be true?

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If it's got to be foreign investors then hopefully it will be oil rich ones........... that should give us a good 50 years before it all goes tits up again. :aye:

Should be long enough for us to win a trophy. Europa McFranchise Elite Robot League 2037, here we come!

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If it's got to be foreign investors then hopefully it will be oil rich ones........... that should give us a good 50 years before it all goes tits up again. :aye:

Should be long enough for us to win a trophy. Europa McFranchise Elite Robot League 2037, here we come!

 

The robot league is crap, I prefer Spanish Father Ted Wheelchair Football.

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Barcelona Two

 

 

NEWCASTLE United owner Mike Ashley is in talks with the Singapore-based company The Profitable Group over a possible sale.

 

The Chronicle can reveal that the far east strategic global investment group are currently preparing a package to bid for £100million-rated Newcastle with Toon tycoon Ashley officially putting the club up for sale yesterday.

 

The Profitable Group are understood to have a strong Geordie connection and have ex-Liverpool and England midfield battler Steve McMahon on board as Group Commercial Director.

 

And it is understood that the group have an ambitious plan to involve the fans at St James’s Park more than ever.

 

Indeed, the company’s initial blueprint, which was disclosed to the Chronicle today from the far east, claims a successful bid would see them:

 

Plan to turn United into a trust which will give Toon fans a major say in club politics and draw similarities with the Barcelona model in La Liga

To appoint Alan Shearer as boss and back the Geordie legend with transfer funds to help the Magpies fight their way out of the Premier League

Ensure that a footballing figure will be appointed at boardroom level to ensure the series of high profile errors of Mike Ashley era aren’t repeated

 

To increase the capacity of St James’s Park to 60,000

 

A Profitable Group source told the Chronicle today from Singapore said: "Yes we are interested in buying Newcastle United - and we’re putting together a plan.

 

"We have spoken with Mike Ashley and Derek Llambias and we are hoping that we can reveal a lot more in the next few days.

 

"We have people within the company who have strong Geordie roots that stretch more than 40 years.

 

"And there are people here who have a love for the club - we think that is vital for Newcastle at the moment.

 

 

 

 

The plan we have in mind is to get the club on a sound financial footing first and foremost.

 

"Then we aim to turn the club into a trust.

 

"It will be very similar to the Barcelona model where fans have a major say on what happens at the club.

 

"Without any question we see Alan Shearer as the man to manage the team.

 

"Yes, we have Steve McMahon on board but he is not looking into management.

 

"He is though a football man and understands the game inside out.

 

"There is also scope to look at increasing the capacity to 60,000 which is being explored.

 

"We will look to give Alan money to spend and funds to build his squad - but we have to say now that we are not interested in highly paid players at this moment in time - we won’t be a Chelsea."

 

The source, who spoke to us before boarding a flight to a business meeting, made it clear Shearer, who has been backed overwhelmingly by the Tyneside public, was their number one choice.

 

"What this club needs now is somebody who understands the area, understands the people and how this club works.

 

"Steve McMahon can offer expertise in the background. But Alan is the man we want."

 

However, the next move is all dependent on the co-operation of Ashley, Llambias and Seymour Pierce investment banker Keith Harris who has been entrusted to sell the club.

 

The source added: "We are not in the business of misleading people.

 

"We have put a plan together and it’s one we think that the fans will be behind.

 

"Newcastle is a fabulous club and we are hoping that we can reveal more in the next few days."

 

 

Too good to be true?

 

Reminds me of an article from January.

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The plan we have in mind is to get the club on a sound financial footing first and foremost.

 

"Then we aim to turn the club into a trust.

 

"It will be very similar to the Barcelona model where fans have a major say on what happens at the club.

 

"Without any question we see Alan Shearer as the man to manage the team.

 

"Yes, we have Steve McMahon on board but he is not looking into management.

 

"He is though a football man and understands the game inside out.

 

Ridiculous :aye:

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If it's got to be foreign investors then hopefully it will be oil rich ones........... that should give us a good 50 years before it all goes tits up again. :aye:

Should be long enough for us to win a trophy. Europa McFranchise Elite Robot League 2037, here we come!

 

The SUBmicrogooglesoftWAY Download Virtual Cup is as good as ours. :razz:

 

Of course by then FML37 will actually be bigger than the sport itself and China will rule the world with an iron fist through playerauctions.com. :lol:

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A Profitable Group source told the Chronicle today from Singapore said: "Yes we are interested in buying Newcastle United - and we’re putting together a plan.

 

 

:razz:

I wonder if they'll 'Love it' if it comes together...

 

Hmmm... :aye:

 

Hannible.jpg:lol::icon_lol: :icon_lol: :icon_lol: :icon_lol:

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