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Toon bid hopefuls backed by New York firm


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This is the week!

 

All rumours and whispers are pointing to a deal being finalised this week.

 

While wise guessed that Ashley will wait for promotion, I think it more likely that he will include a clause in the sale for a bonus if / when we go up.

 

Our regular in the know, Redheugh has said he will reveal all he knows at 11.00am today!

:ninja: I suppose if you say that every week it might come true eventually.

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Geoff Sheard, whose American charity fund-financed bid for Newcastle has been ridiculed by the opposition, is still in talks with owner Mike Ashley's lawyers through Manchester legal firm Halliwells.

Sheard, who led a consortium that failed to buy Sheffield Wednesday, is adamant that Halliwells now have proof the New York-based investment group have the necessary money to buy the club.

 

Charles Sale at the mail

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1. The US foundation has lodged its funds with UK lawyers. The lawyers name has been widely reported.

2. They have asked for a 7-day completion as of last Friday, I believe

3. There is an agreed Sales and Purchase agreement

4. Ernst and Young are being appointed as accountants/auditors

5. There has definitely been dialogue between Sheard and Moat, and I think a meeting has taken place or been arranged

6. There will be money immediately available for loan player(s)

7. Money will be available for January window

8. Derek Llambias is on holiday, or some form of leave

9. Think we will have a chairperson very soon

10. Sits back and waits for ridicule

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