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And I'm the one 'splitting hairs'? Righto. You said you thought he'd be a disaster. You 'fear' he'll be a Roy Keane mark 2.

I don't see this queue of better managers dying to come here either, do you?

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And I'm the one 'splitting hairs'? Righto. You said you thought he'd be a disaster. You 'fear' he'll be a Roy Keane mark 2.

I don't see this queue of better managers dying to come here either, do you?

 

 

Silly comment. :D

 

Im sure once a takeover has been completed there will be a whole host of very good managers wanting a 3million a year job at one of the countrys biggest clubs. :D

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And I'm the one 'splitting hairs'? Righto. You said you thought he'd be a disaster. You 'fear' he'll be a Roy Keane mark 2.

I don't see this queue of better managers dying to come here either, do you?

 

 

Silly comment. :D

 

Im sure once a takeover has been completed there will be a whole host of very good managers wanting a 3million a year job at one of the countrys biggest clubs. :D

How is it a silly comment? Surely you have to be realistic about who will come here. Resting your hopes on a (as yet) nonexistent takeover is pretty silly however.

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And I'm the one 'splitting hairs'? Righto. You said you thought he'd be a disaster. You 'fear' he'll be a Roy Keane mark 2.

I don't see this queue of better managers dying to come here either, do you?

 

 

Silly comment. :D

 

Im sure once a takeover has been completed there will be a whole host of very good managers wanting a 3million a year job at one of the countrys biggest clubs. :D

How is it a silly comment? Surely you have to be realistic about who will come here. Resting your hopes on a (as yet) nonexistent takeover is pretty silly however.

 

 

Hold on, the whole premise of the last few pages was based on who will be manager following a takeover :D

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And I'm the one 'splitting hairs'? Righto. You said you thought he'd be a disaster. You 'fear' he'll be a Roy Keane mark 2.

I don't see this queue of better managers dying to come here either, do you?

 

 

Silly comment. :D

 

Im sure once a takeover has been completed there will be a whole host of very good managers wanting a 3million a year job at one of the countrys biggest clubs. :D

How is it a silly comment? Surely you have to be realistic about who will come here. Resting your hopes on a (as yet) nonexistent takeover is pretty silly however.

 

 

Hold on, the whole premise of the last few pages was based on who will be manager following a takeover :D

Well I took your previous post to mean a takeover with the sort of money that would attract top managers with loads of money to spend. I didn't think you meant Moat, for example.

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And I'm the one 'splitting hairs'? Righto. You said you thought he'd be a disaster. You 'fear' he'll be a Roy Keane mark 2.

I don't see this queue of better managers dying to come here either, do you?

 

 

Silly comment. :D

 

Im sure once a takeover has been completed there will be a whole host of very good managers wanting a 3million a year job at one of the countrys biggest clubs. :D

How is it a silly comment? Surely you have to be realistic about who will come here. Resting your hopes on a (as yet) nonexistent takeover is pretty silly however.

 

 

Hold on, the whole premise of the last few pages was based on who will be manager following a takeover :D

Well I took your previous post to mean a takeover with the sort of money that would attract top managers with loads of money to spend. I didn't think you meant Moat, for example.

 

Well Moats on record as saying he's appointing Shearer and he wont come cheap.

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And I'm the one 'splitting hairs'? Righto. You said you thought he'd be a disaster. You 'fear' he'll be a Roy Keane mark 2.

I don't see this queue of better managers dying to come here either, do you?

 

 

Silly comment. :D

 

Im sure once a takeover has been completed there will be a whole host of very good managers wanting a 3million a year job at one of the countrys biggest clubs. :D

How is it a silly comment? Surely you have to be realistic about who will come here. Resting your hopes on a (as yet) nonexistent takeover is pretty silly however.

 

 

Hold on, the whole premise of the last few pages was based on who will be manager following a takeover :D

Well I took your previous post to mean a takeover with the sort of money that would attract top managers with loads of money to spend. I didn't think you meant Moat, for example.

 

Well Moats on record as saying he's appointing Shearer and he wont come cheap.

If you were on about Moat, discussing alternatives as manager doesn't make sense then, does it? Seeing as it's a done deal. :D

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And I'm the one 'splitting hairs'? Righto. You said you thought he'd be a disaster. You 'fear' he'll be a Roy Keane mark 2.

I don't see this queue of better managers dying to come here either, do you?

 

 

Silly comment. :rolleyes:

 

Im sure once a takeover has been completed there will be a whole host of very good managers wanting a 3million a year job at one of the countrys biggest clubs. :D

How is it a silly comment? Surely you have to be realistic about who will come here. Resting your hopes on a (as yet) nonexistent takeover is pretty silly however.

 

 

Hold on, the whole premise of the last few pages was based on who will be manager following a takeover :D

Well I took your previous post to mean a takeover with the sort of money that would attract top managers with loads of money to spend. I didn't think you meant Moat, for example.

 

Well Moats on record as saying he's appointing Shearer and he wont come cheap.

If you were on about Moat, discussing alternatives as manager doesn't make sense then, does it? Seeing as it's a done deal. :D

 

 

nice dodge :D

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There's risk associated with appointing Shearer obviously. However there's also great possibility. If he has the rest of the season to settle in, learn the ropes and find his way of doing things etc, and we got promoted, we might emerge as a stronger club for it. CH is doing well atm but I feel Shearer may have more potential long term and would be a greater attraction for signings.

 

In reality I believe we are stuck with Ashley and Hughton so it's somewhat academic. Rather have Moat and Shearer on balance though, just to see the back of the fat shirt seller.

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You painted yourself into that particular corner. What questions (or anything else) have I dodged exactly?

 

 

You said

 

Well I took your previous post to mean a takeover with the sort of money that would attract top managers with loads of money to spend. I didn't think you meant Moat, for example.

 

Implying Moat has no money so couldnt afford big manager wages.

 

I pointed out to you that Moats already confirmed he is going to pay big wages to get Shearer.

 

The only one of us with paint on our shoes is you :D

 

You can now agree with me (if you wish) that following a takeover, there will indeed be a queue of better managers wanting the job. :D

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Meanwhile, back in the takeover thread..... :D

 

Simon Bird would like to add the following

 

 

Mike Ashley’s long running quest to sell Newcastle United has taken a new twist after City sources confirmed that a new South African bidder had emerged.

 

A wealthy bond dealer is known to have done a form of due diligence, examining United’s accounts in detail, throwing a bid by Tyneside businessman Barry Moat into doubt.

 

Ashley has received a formal offer from Moat, but has stalled on accepting and has not seen proof that any bidders have the funds to buy the club.

 

The saga has rumbled on so long without Ashley forcing through a sale that close confidants are wondering if he intends to keep the £100million club.

 

Ashley has to pay Kevin Keegan his £2million pay off by Friday.

 

But the pair are also locked in a dispute over the £1.5million legal costs for their 15 month legal battle which ended last Friday with a Premier League Arbitraion Panel ruling in Keegan’s favour that he was a victim of constructive dismissal.

 

Keegan denies being offered a £4million settlement out of court, but Ashley chum Dennis Wise has claimed there was an attempt to pay Keegan off before the hearing.

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You painted yourself into that particular corner. What questions (or anything else) have I dodged exactly?

 

 

You said

 

Well I took your previous post to mean a takeover with the sort of money that would attract top managers with loads of money to spend. I didn't think you meant Moat, for example.

 

Implying Moat has no money so couldnt afford big manager wages.

 

I pointed out to you that Moats already confirmed he is going to pay big wages to get Shearer.

 

The only one of us with paint on our shoes is you :D

 

You can now agree with me (if you wish) that following a takeover, there will indeed be a queue of better managers wanting the job. :D

I think it's fair to assume that, even if Moat is a genuine bidder, he hasn't got megabucks. The delay would tend to suggest that, especially given it's only just been reported that a formal bid has finally been made. That's not the same as not being able to pay Shearer's wages though. For one thing they would still be fairly small in relation to the turnover of the club and it's not like there'd be a transfer fee. Bearing in mind what I've said, I don't think Moat is going to be able to finance the buying of lots of players and certainly not top players straight away. Again though, if you aren't on about Moat, we're getting back to the nonexistent billionaires or whatever. If you are on about Moat, the job's Shearer's anyway according to you.

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Daily Mail

 

A South African businessman is believed to have met Barclays Bank representatives involved in the sale of Newcastle United.

The South African’s late intervention on Tuesday may not lead to a bid, but it has stalled Barry Moat’s proposed purchase.

The Tyneside businessman has preferred-bidder status and has made a formal offer to owner Mike Ashley, although it is not known how close it is to the £100m asking price.

Yet another delay will frustrate Newcastle fans and if the newcomer, represented in Britain by solicitors Mischcon de Reya, undertakes due diligence, a sale would be postponed for weeks.

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Meanwhile, back in the takeover thread..... :D

 

Simon Bird would like to add the following

 

 

Mike Ashley’s long running quest to sell Newcastle United has taken a new twist after City sources confirmed that a new South African bidder had emerged.

 

A wealthy bond dealer is known to have done a form of due diligence, examining United’s accounts in detail, throwing a bid by Tyneside businessman Barry Moat into doubt.

 

Ashley has received a formal offer from Moat, but has stalled on accepting and has not seen proof that any bidders have the funds to buy the club.

 

The saga has rumbled on so long without Ashley forcing through a sale that close confidants are wondering if he intends to keep the £100million club.

 

Ashley has to pay Kevin Keegan his £2million pay off by Friday.

 

But the pair are also locked in a dispute over the £1.5million legal costs for their 15 month legal battle which ended last Friday with a Premier League Arbitraion Panel ruling in Keegan’s favour that he was a victim of constructive dismissal.

 

Keegan denies being offered a £4million settlement out of court, but Ashley chum Dennis Wise has claimed there was an attempt to pay Keegan off before the hearing.

and we all know Dennis never tells porkies, does he?

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George at the Times

 

 

A South African consortium has made a last-ditch bid to buy Newcastle United, further frustrating Barry Moat in his protracted attempts to push through a takeover of the Coca-Cola Championship club.

 

Moat, the preferred bidder of Seymour Pierce, the investment bank that has been hired by Mike Ashley to push through a sale, has yet to receive a response from Newcastle after finally submitting a formal bid for the club, five months after they were placed on the market.

 

The reason for yet another delay to a laborious process has now become apparent, with the South African group, headed by a prominent bond dealer, conducting the due diligence process directly with the club.

 

They have been up to the North East and are very active, but they’ve tried to stay out of the spotlight,” a source close to Newcastle said.

 

While the group has taken stringent precautions to conceal its identity, its involvement has been confirmed by City insiders as well as from within the club, making it a more credible proposition than most other parties who have made their “interest” in the club public. It is understood to share legal representation with Ashley in Mishcon de Reya, the London-based firm.

 

Unlike Moat, however, the South Africans have not dealt with Seymour Pierce, which recommended Moat’s consortium after sifting through bids from other applicants. Keith Harris, Seymour Pierce’s executive chairman, is satisfied that as things stand, Moat, a Tyneside-based businessman who has American backers, represents Newcastle’s best hope of progressing.

 

There has been no contact between the South Africans and Barclays, who at present provide Newcastle with their working £25 million overdraft, suggesting that such a facility would not be needed if the South Africans buy the club.

 

Barclays has proposed a deal that will allow Moat to take on the overdraft, at a substantially lower rate, but the two sides have not yet reached a binding agreement.

 

The bank has asked Moat for further proof that he has enough money to buy the club, but has not yet received the evidence it needs to sign off his bid.

 

The bank’s consent is crucial to the entrepreneur, who needs Barclays to continue to lend to the club or he will not be able to buy it. Barclays declined to comment last night.

 

Ashley is still insisting that interested bidders put £100 million in trust in a bank account, to prove that they have the cash to buy Newcastle, before he is prepared to sign up to any deal.

 

Sources close to Ashley said that even if he were willing to drop his asking price, a bidder would still need £100 million in order to invest enough to ensure Newcastle’s promotion to the Barclays Premier League next year.

Edited by Christmas Tree
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George at the Times

 

Moat, the preferred bidder of Seymour Pierce, the investment bank that has been hired by Mike Ashley to push through a sale, has yet to receive a response from Newcastle after finally submitting a formal bid for the club, five months after they were placed on the market.

 

The reason for yet another delay to a laborious process has now become apparent, with the South African group, headed by a prominent bond dealer, conducting the due diligence process directly with the club.

 

The £100M asking price has been matched, however, we are still in negotiations and all parties involved are at sale and purchase stage.

 

Mike Ashley will accept the first bid which matches his £100m valuation of Newcastle United as the owner looks to make a rapid exit from the troubled Championship club. Ashley, is determined to get the money he wants and is not interested in an auction.

 

:D

Edited by Happy Face
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You get the impression the whole process is so tortuous nobody will buy the club. Why doesn't Ashley just take it off the market?

 

You get the impression that the club is not on the market?

 

:D

Edited by Kitman
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