Report of consortium’s bid to buy Newcastle United with Shearer as manager – but it IS the Daily Mail ;-)
The Daily Mail’s Colin Young is today reporting that a consortium of local businessmen, backed by wealthy Middle Eastern investors are involved in a £90 miliion pound bid for Newcastle United. It goes on to say that the group have already spoken to Alan Shearer, and are “prepared to meet his £3 milllion a year wage demands”. (more…)
Mike Ashley ponders his future at the club. Our financial position is pretty frightening. Our short, medium and long-term future, very much dependent on cleaning up the balance sheets. We are undoubtedly about to start free-fall into the red without some fire-fighting with our numbers.
What can be done about?
Mike Ashley has already severed 120 contracts for support staff around St James. Clearly the biggest issue he has is terminating the complicated and compensation-riddled paperwork of unwanted players on our books. While it is as inevitable as a barf-covered pavement outside Blu Bambu post-midnight on any given Saturday, it is not going to be easy. Balancing the need to sustain, at the very least, a Championship status against the very real threat of liquidation is something Mike needs to worry about now whether he is able to pass on the reigns or not. He will want to recoup whatever he can, even if damage-limitation on the depreciation of our squad’s value is the most we can expect. (more…)
The Toontanic. I have been told we are out of fuel today, emergency supplies have been called for, hopefully the fuel company will authorise our credit note so the rumoured new Captain Shearer move us onwards once more.
It had been rumoured that they might allow Captain Mike walk off the plank onto dry land at Oman – I fear that wont be true, the only rumours of that come from on this ship, no rumours on the wireless from Oman themselves.
In the meantime we are in the doldrums, not a breath of wind anywhere – what does drift our way comes from the mouths of those tittle tattling. No news, but hope…….we always hope.
Victim of Circumstance? or Pantomine Villain? Sky News this morning was reporting in general that owning a football club is a thankless task. that the Premier League Teams are in debt to the tune of 3 Billion! Half of that is attributed to Chelsea, Liverpool and Man U – I certainly wouldn’t like to owe that sort of cash when the commodity is as fragile as a footballer.
I ask the following questions from an objective point of view: (more…)
