Archive for tag: Rob Lee’s Comments.

Good crowds help Moat’s takeover bid.

September 9th, 2009 | 24 Comments |

40,000 crowds help Moat
40,000 crowds help Moat
The 40,000 crowds we’ve been getting at home games could help Barry Moat’s attempts to take over Newcastle United Football Club.

According to a recent article in The Journal, Moat’s original business plan was based on the Toon attracting 25,000 for home games. I have no idea how The Journal knows that but if we assume it’s true for a minute then the 15,000 additional fans we’ve been attracting could provide leverage for Moat in his negotiations with Barclays about the overdraft.

To be honest, I still wonder what the actual cost of the club will be to Moat or any other potential buyer. We know Ashley’s asking £100m and it has been suggested that the club has drawn £20m on it’s £40m overdraft facility but it’s still not clear to me what happens about the £100m Ashley loaned to the club to clear the debts. (more…)