Redheugh 0 Posted August 17, 2009 Share Posted August 17, 2009 Mr Moat is waiting to hear from Barclays to see if they will loan him the funds to buy the club. The same bank are insisting on vastly reducing the clubs overdraft, which i assume is covered by Ashley. Doesn't add up. Link to comment Share on other sites More sharing options...
peasepud 59 Posted August 17, 2009 Share Posted August 17, 2009 Nothing involving Moat and Ashley adds up Link to comment Share on other sites More sharing options...
donaldstott 0 Posted August 17, 2009 Share Posted August 17, 2009 Him sitting in between tweedle dee and tweedle dum didn't exactly pour cold water over the chances of him taking over did it. Link to comment Share on other sites More sharing options...
NJS 3989 Posted August 17, 2009 Share Posted August 17, 2009 This reminds me of when Hall claimed how Barclays were going to close the club for the sake of £6m in about 1990 or 91 - firstly I don't believe a bank would be that stupid from a marketing pov and secondly surely "success" for the club is the best chance for the bank to recover or make money. Link to comment Share on other sites More sharing options...
sammynb 2929 Posted August 17, 2009 Share Posted August 17, 2009 "Mr Bond, what does this button do?" "Well Miss Moneypenny besides being my anal twitcher, it's also my smoke screen." Link to comment Share on other sites More sharing options...
Jimbo 133 Posted August 17, 2009 Share Posted August 17, 2009 Becoming a hostage to the banks fills me with dread for the future, don't like sound of this one bit, that's if it's true of course. Link to comment Share on other sites More sharing options...
NJS 3989 Posted August 17, 2009 Share Posted August 17, 2009 Becoming a hostage to the banks fills me with dread for the future, don't like sound of this one bit, that's if it's true of course. It seems strange that the Journal article this morning referred to "extensive player recruitment" if Moat succeeds - so what does he need a loan for then? Link to comment Share on other sites More sharing options...
nufc4ever 0 Posted August 17, 2009 Share Posted August 17, 2009 Becoming a hostage to the banks fills me with dread for the future, don't like sound of this one bit, that's if it's true of course. It seems strange that the Journal article this morning referred to "extensive player recruitment" if Moat succeeds - so what does he need a loan for then? He might not need a loan, just their assurances that as a new owner he can continue with/transfer the current overdraft facility or something. Link to comment Share on other sites More sharing options...
Boo Boy 0 Posted August 17, 2009 Share Posted August 17, 2009 Let's all get down to Barclays and have a word with them! Link to comment Share on other sites More sharing options...
ChezGiven 0 Posted August 17, 2009 Share Posted August 17, 2009 Not sure this was what Alastair Darling had in mind tbh... Link to comment Share on other sites More sharing options...
Toonpack 6939 Posted August 17, 2009 Share Posted August 17, 2009 This reminds me of when Hall claimed how Barclays were going to close the club for the sake of £6m in about 1990 or 91 - firstly I don't believe a bank would be that stupid from a marketing pov and secondly surely "success" for the club is the best chance for the bank to recover or make money. In my youth (well early career) I was responsible for the banking arrangements for British Gas Northern, as was, and dealt with the Barclays corporate bods day to day, who were also NUFC's bankers, they (Barclays centrally) definitely were going to pull the plug mid-80's (pre Halls) and it was only strong lobbying (panic) from the local Barclays business hierarchy that prevented it,(as in how many branches do you want burnt down etc) it was a VERY close run thing. I have no reason to doubt they'd have threatened the same in the 90's. Link to comment Share on other sites More sharing options...
NJS 3989 Posted August 17, 2009 Share Posted August 17, 2009 This reminds me of when Hall claimed how Barclays were going to close the club for the sake of £6m in about 1990 or 91 - firstly I don't believe a bank would be that stupid from a marketing pov and secondly surely "success" for the club is the best chance for the bank to recover or make money. In my youth (well early career) I was responsible for the banking arrangements for British Gas Northern, as was, and dealt with the Barclays corporate bods day to day, who were also NUFC's bankers, they (Barclays centrally) definitely were going to pull the plug mid-80's (pre Halls) and it was only strong lobbying (panic) from the local Barclays business hierarchy that prevented it,(as in how many branches do you want burnt down etc) it was a VERY close run thing. I have no reason to doubt they'd have threatened the same in the 90's. Interesting. My thoughts at the time were that if the worst came to pass, we could have just done a Boro anyway - Hall's talk of the club ceasing to exist was bollocks imo. Link to comment Share on other sites More sharing options...
Toonpack 6939 Posted August 17, 2009 Share Posted August 17, 2009 This reminds me of when Hall claimed how Barclays were going to close the club for the sake of £6m in about 1990 or 91 - firstly I don't believe a bank would be that stupid from a marketing pov and secondly surely "success" for the club is the best chance for the bank to recover or make money. In my youth (well early career) I was responsible for the banking arrangements for British Gas Northern, as was, and dealt with the Barclays corporate bods day to day, who were also NUFC's bankers, they (Barclays centrally) definitely were going to pull the plug mid-80's (pre Halls) and it was only strong lobbying (panic) from the local Barclays business hierarchy that prevented it,(as in how many branches do you want burnt down etc) it was a VERY close run thing. I have no reason to doubt they'd have threatened the same in the 90's. Interesting. My thoughts at the time were that if the worst came to pass, we could have just done a Boro anyway - Hall's talk of the club ceasing to exist was bollocks imo. Agreed, the first incident though was before "Boro had done a Boro" and the fear was very real. I remember I couldn't get near my bloke's for a few days, which was highly unusual, only found out afterwards what it was all about. As you know, no internet or email in those days so no rumours/news to spread like wildfire etc. so no-one ever really knew about it. Link to comment Share on other sites More sharing options...
accadacca 0 Posted August 17, 2009 Share Posted August 17, 2009 Mr Moat is waiting to hear from Barclays to see if they will loan him the funds to buy the club. The same bank are insisting on vastly reducing the clubs overdraft, which i assume is covered by Ashley. Doesn't add up. UNTIL THE DEBT IS REDUCED THE BANK WON'T SANCTION A DEAL IN THIS CLIMATE ESPECIALLY. PERHAPS THIS IS WHY A FEW PLAYERS ARE BEING SOLD ?? Link to comment Share on other sites More sharing options...
sammynb 2929 Posted August 17, 2009 Share Posted August 17, 2009 Mr Moat is waiting to hear from Barclays to see if they will loan him the funds to buy the club. The same bank are insisting on vastly reducing the clubs overdraft, which i assume is covered by Ashley. Doesn't add up. UNTIL THE DEBT IS REDUCED THE BANK WON'T SANCTION A DEAL IN THIS CLIMATE ESPECIALLY. PERHAPS THIS IS WHY A FEW PLAYERS ARE BEING SOLD ?? Oh great, you've found caps lock again! Link to comment Share on other sites More sharing options...
Holden McGroin 4969 Posted August 17, 2009 Share Posted August 17, 2009 Link to comment Share on other sites More sharing options...
Rob W 0 Posted August 18, 2009 Share Posted August 18, 2009 Mr Moat is waiting to hear from Barclays to see if they will loan him the funds to buy the club. The same bank are insisting on vastly reducing the clubs overdraft, which i assume is covered by Ashley. Doesn't add up. It never does with the banks Our outfit was working for a company that had a longstanding arrangement with a big bank - last year (even tho they were profitable) the bank pulled the plug on the loan and forced them to put themselves on the market The same bank then loaned MORE to another company to buy them................ sense? no Big fees??? YES!!!!!!! Link to comment Share on other sites More sharing options...
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