It is now 10 days since Mike Ashley stated that it was possible Newcastle United could have new owners by the end of December.

Nothing more from the NUFC owner but the media are constantly updating on the story and the newspapers are united in stating, that this time is different, that there is a definite chance of it happening this time.

The coverage unanimous is claiming Mike Ashley is now a willing seller and there are a number of potential buyers engaged in talks with Ashley’s people.

Fair to say though that after being bitten so many times, the vast majority of Newcastle fans will only believe it once the deed is done.

Thursday morning brings an interesting update, with The Northern Echo stating as fact that Peter Kenyon ‘is known to have agreed a deal in principle for £300m to be paid in staggered amounts.’ The newspaper reporting that  now only the ‘finer details’ have to be sorted between the two parties.

The report says that whilst Mike Ashley would obviously prefer to get the money all in one go, his number one priority is the total he will receive, even if he has to wait for some/much of the cash.

For Newcastle fans looking inwards, a buyer not able to come up with the money to pay the full asking price straight away, rings alarm bells when it comes to then worrying whether any such owners could provide the essential extra investment that is needed for both the playing squad and the club’s infrastructure (St James Park, training ground, Academy etc) to kickstart it back into life.

Similar concerns were raised back in 2017 when Mike Ashley allegedly was trying to sell and claimed back then he would accept payment in instalments to help a sale happen.

The Northern Echo report that their understanding is that Peter Kenyon’s consortium are the clear favourites to become the new owners but once again supporters will be sceptical about any sale happening, considering it was back in September when Kenyon’s interest/intentions were first reported by the media. The expectation being that things would have progressed further by now, if it is going to happen.

If any sale is going to happen, it certainly won’t be completed by Mike Ashley’s fantasy end of the month timeline, leading to fans wondering just what will happen in the January window, if anything.

An interesting extra in this latest report, is that the newspaper reveals that Peter Kenyon had been working in the region, in an ‘advisory role’ with Middlesbrough.

As always when it comes to Mike Ashley ever selling Newcastle United, fans are left hoping for the best but fearing the worst.



  • DZA

    If you read the insider from yesterday no deal is even close as terms have not been agreed and buyers not willing to pay over the top as the club value is only 195 million by the banks. Would you buy a house valued at 100k and give the current owner 200k? the answer is, no you wouldn’t unless you like throwing money away.

    • Wezza

      Exactly!
      “In principle” Uh huh.
      What would any prospective buyer do when they realise it would cost a lot more to rectify the asset stripping and to realise just how rich FCB was getting off the club.
      Simple.
      They’d either pull out or do exactly what the FCB does. Pocket the lot.

      • Pezza

        Lordy, you are thick. If Mike was getting rich out of owning Nufc, the value is going to reflect that wealth creation, i.e the price goes up, not down.

    • Pezza

      If £195m is the value on the shares, £300m is cheap as the shares come out at £156m.

      The article isn’t new news, I was told this at Everton last week. The offer for the shares was £175m and debt to be financed later.

    • FatParosite

      Would you buy said house if you knew it was built on very unsafe grounds & has had poor maintenance for 11 years? Ashley gambling quite rightly on the slack jawed punters still wandering in through the front door. It’s a very safe bet when you consider most will not continue hostilities when presented with a regurgitated lie. Where his gamble is less predictable is relying on a disgruntled & soon to be out of contract manager pulling another miracle & saving the over inflated value of your derelict house.

      • DZA

        Ashley would expect to take a loss, surely, but in this case is holding out for the full 300 million or 350 million if that’s the case. Ashley can only blame himself for letting the club value go down as you say 11 years poor maintenance running the club into the ground on a low budget.

        I’m hoping Rafa stays and someone else takes over the club soon but I can’t see Ashley going anywhere soon unless he drops his asking price maybe down to 250m.

        • FatParosite

          Very true. However our remarkably lucky owner is remarkably unlucky when it comes to betting.

          • Sickandtired

            It’s like buying a 1970’s bungalow in Darras Hall. Spend nothing on it, develop a new build on half the garden for your own profit, then expect the next buyer to pay for the privilege of modernising what’s left.

          • Rich Lawson

            Funny that,my best mates parents had a bungalow on Darras Hall built in the 50’s.They needed to downsize and did a deal with a builder who just measured the size of the garden without even looking in the house.Couple of weeks later Shearer’s agent came round and said Al wanted it to move his in laws nearer.He offered them £50k over the agreed price to sell to him. Being honourable old folk they said no,as the deal was done (but not signed off) He asked them if it would help if Al came round to see them. The wife said ”No,I don’t want that awful man in my house”. Kept me laughing for ages. Driven past it since and as you suggest they demolished the old house and built a fkn mansion in the grounds.

  • Steven05

    If he had taken care of NUFC the way he should have, and let it compete at the level it was capable of (not even using his own money, but letting the club spend the money it made through outgoing transfers and fully paid for advertising, TV money etc) – he could sell the club for a much bigger profit and his name (I’d think) wouldn’t be quite as tarnished in the business world

    But he hasn’t, so he can’t, and it is

    • Pezza

      Utter rubbish

      • Wor Lass

        Very concise – care to expatiate?

        • Pezza

          I have done now.i have to get around the Mag ban by posting in a strange manner

          • Wor Lass

            I still don`t understand why you were banned – and Monk, come to that. Having a different point of view is what forums are supposed to be for!

          • Peaky

            There’s loads on here I don’t agree with but no one should be banned unless it’s for the obvious,racism,homophobia etc….but to be banned for having an opinion is wrong….I also never ever block anyone…

          • Wor Lass

            Good man – completely agree. I didn`t even block Clarko!

          • Rich Lawson

            Me neither,ignoring them is more fun.

          • Pezza

            Best write to Mark Jensen, editor of the publication laughably once known as ‘the independent voice’, St James Street, Newcastle.

            Ask him why he’s become everything he used to hate.

            Wezza claims to have got me banned, along with Monk and others. Most just left the Mag to it but I don’t think Monk will ever be bullied and I’m stubborn too.

          • Superdooperhooper

            He had a photo of thatcher on his profile! Isn’t that a good enough reason to be banned ?

          • Wor Lass

            Ha! It doesn`t do him any favours, that`s for sure. Mind you, one of Thatcher`s favourite people was Dennis Skinner, the Beast of Bolsover, who she described as a true parliamentarian.

          • Rich Lawson

            Wonderfully bolshy old b####r,proper MP,still there !!

      • TheFatController

        To be honest, after 11 years of mismanagement and bad feeling all round, I’d prefer to have gone bump even if that was realistic financially, which I doubt given the money football attracts (mansour or abramovich anyone?)

        A well run club with ten points docked etc likely would have had a far better decade of growth and progression than the neglect we’ve had to endure. And I have no time for typical abuser ‘get out of jail’ card of ‘without me you’d be in trouble so I do what I like when I like how i like’

    • Tweed Mag

      Correct.

  • Chris-Chapple

    Wait until he finds out the mad monks Bank of Nigeria cheque bounces

    • Wor Lass

      The bid it came with was on one sheet of A4 with five different fonts, three font sizes, paragraphs in a mix of lower and upper case and three different colours

      • Sickandtired

        And an IP address located in South Hylton…

  • Chris-Chapple

    Bet the initial source is Ryder at the chron 😂😂

  • Paul Patterson

    If its true, it’ll be sold in instalments and until the full amount is paid, I bet we’ll see S****s D****t still at the ground.
    Mind you, I’d take that as long as he f***s off ..

    • Pezza

      There will

    • Peaky

      My sentiments exactly Paul….

  • East Durham Mag

    A media partner exclusive or more smoke and mirrors? Only the brainwashed Ashley devotee’s will believe it, the rest of us will wait and see.

  • 1ewis

    Oh man. Why did the Saudis not follow up on their interests. Some oil money would be good.

    • Pezza

      City were a better bet but can you imagine the fans reaction to employment rights to those chaps? Makes Mike look like Joseph Rowntree.

      The Etihad chaps must be thankful of choosing City

      • ross richardson

        And their Chairman didn’t go out and get shitfaced in the casino the night before the deal

        • Pezza

          It’s pretty difficult when the City owner was in exile trying to avoid Thai jail.

          You can take that story with a dusting of salt.

      • Toon Arnie

        Based on what ? Despite all their spending and success they still can’t fill their ground and aren’t even the biggest club in their own city. If we were given that level of investment and success I honestly think we could pull in 70,000 or more every game with only Liverpool and Man Utd having greater pulling power.

        • Pezza

          A seller desparate to liquidate assets, stadium easy to expand, historically a bigger club, easy to get to with large international airport, large airport acting as a hub for Ethiad flights, a good academy and blank canvas to start with.

          With the benefit of hindsight a fanbase that don’t get all precious about sponsors or worker rights.

          • Toon Arnie

            Our ground could have been expanded but our owner blocked that. We are historically and factually a better supported club ( 5th highest historical average in England ). Airport ? Liverpool have a tiny airport and manage ok ?

          • Pezza

            The owner blocked the expansion of SJP? When?

            Liverpool is a small airport but we’re talking about Manchester. The argument is rather like saying Croydon airport is small but ignoring Crystal Palace is served adequately by Gatwick just 25 miles away.

            City have historically had larger attendences and better achievements. We can’t be blinkered, this is why other fans think we are idiots.

          • Toon Arnie

            City have NOT had historically larger attendances – we have the 5th highest historical average in England. City are 8th. That’s not blinkered it’s fact. Your refusal to accept facts is blinkered.
            Despite City winning more trophies in their history we have better support and therefore our higher potential is obvious.
            The expansion of the Gallowgate is now impossible due to Ashley purchasing the land for other means – about 18 months ago ?
            The thing a lot of fans laugh at us about is the tolerance of Ashley and why anyone is still fooled by anything he says.
            I don’t think the attractiveness of Liverpool as a football club is driven primarily by it’s proximity to Manchester Airport ( 40 miles away ) but I suppose we’ll have to agree to disagree on that one.

          • Pezza

            Which year are you referring to?

            30’s City were getting 75,000 to our high of 42,000, they averaged 34,000 and We averaged 20,000

            40s saw them average 42000 to our 49000 but they had a war damaged ground.

            50s our average is the same 38000

            60s again the same 37000

            70s there’s 43000 to our 27000 – we lost 1/2 the Leazes’ end and popular side may way for the East stand.

            80s ours was 23000 theirs 27000

            90s ours 27,000 theirs was the same.

            00s ours 49k theirs 41k

            10s both 48k

          • Toon Arnie

            NUFC.COM – look it up. Very interesting reading. Man Utd then Liverpool then Arsenal then Spurs then us.

          • Pezza

            What era?

          • Pezza

            I’ve just given you the figures from 1930 to 2008. We were behind them in nearly every decade.

          • Toon Arnie

            Read the website !

          • Pezza

            The link for attendences is not there. I’ve gone back 8 decades and can’t see you being correct. I was surprised how close it was considering we have been out of the top league for much of the time.

          • Toon Arnie

            Stats – it’s there.

          • Pezza

            I’ve given you 8 decades worth, not sure whst you are disputing

          • Toon Arnie

            Newcastle are 5th , Man City are 8th. That’s based on factual information collated throughout both clubs entire history. Yours is based on cherry picked estimates. End of argument and please don’t mention Manchester Airport again !
            It’s only fair to leave you to have the last word as i’m done with this now. Laters Pezza.

          • Pezza

            It’s not true though, you are only looking at premier League era stats.

          • Pezza

            The expansion of the gallowgate is not impossible, who told you that? The casino land was sold in 2010, it was nothing to do with ground expansion but for the idea MGM would pay towards it.

            If can be expanded, it just costs far too much.

            Manchester United & Liverpool benefitted from being big at the dawn of the TV age. Wolves were 5 years too early and manure managed to grab support after Munich.

          • Toon Arnie

            The original conversation was about very rich Middle Eastern people taking us over – cost of expansion surely wouldn’t be an issue for them ?
            Man Utd have always been massive and Liverpool have a traditional support through their success in Europe and being Englands first real super team on a European scale. Man Utd exploded support wise with Sky but they already had a very strong starting point.

          • Pezza

            Yes, Man Yoo & Liverpool benefitted from being successful at the dawn of the TV era and for Man U, Munich.

            I agree, the expansion of SJP would not be an issue as far as the Gallowgate is concerned but getting the revenues City get would be difficult at SJP. I’d guess they’d look at relocating.

            Obviously City fans arena as precious about the sponsor or workers exploitation as if our lot get upset about the odd staff search, they’d go mad over the working conditions over in Abu Dhabi.

            It’s pretty obvious why they chose City over us, nothing to do with Mike Ashley getting drunk.

          • Toon Arnie

            You still haven’t put a valid reason forward other than the size of Manchester airport ?
            Every other point you’ve raised is either negligible or factually incorrect.
            I guess we’ll never know what could have happened if the Fat Lad had really intended to sell and not wasted their time.

          • Pezza

            Factually incorrect? Where?

            The fact they could publicise their airline via the airport was important.

            They have been historically bigger than us but for the kk / Bobby era.

            They had a stadium that could expand/ host European finals, world cup etc. We’d have to relocate.

            Geography is on their side.

            The owner Thaksin Shinawatra was desparate to sell, visa revoked etc.

            City had a better younger team to build on, we were lumbered with past it Megabucks wages.

            How did he waste their time? He travelled half way across the world, they kept him waiting for days, fobbed him off with a go-between. He wanted more money than Thaksin Shinawatra so, I suspect, we were a back up.

          • Ram Kishore

            TV benefited them big time from 1997

    • Carverlier football

      You’d have thought we’d be perfect for them – our journalists don’t ask any awkward questions so they wouldn’t need to “invite” them to the embassy…

      • Lewis SG

        I’m going to pretend I do not know current world affairs. Anyway, as long as you are driving or using any plastic products, chances are it comes from oil produced by Saudi. I do welcome the oil money as long as we can start showing ambitions to win something.

        • Lord

          The Saudis love football and a lot follow the Premiership. I’ve found it strange that the Royal Family haven’t picked up a club and turned it into their own Citeh. Buying a Prem club would be the sort of prestigious buy they love to make. Even with depressed oil prices, a lot of the Royals have greater funds at their disposal than Mansour.

          • Sickandtired

            I can just see the fleet of super-cars parked in the Bigg Market, as the Princes fly in to enjoy the nightlife and upscale shopping of Eldon Square. Yeah, maybe not…

        • Wor Lass

          I got excited when I heaard a rumour that Mike was spotted going into the Saudi Embassy for a visa.

      • Sickandtired

        Yeah, and they’d take care of Douglas and Ryder for us…

  • ross richardson

    I’ll only believe it when Kenyon comes on the telly wearing a toon tie that his missus got from the club shop.

    • Peaky

      Or a Toon shirt sitting on the bench instead of the Hoss……can’t be nee worse…

    • Brian Standen

      Or from SD?

  • Wor Lass

    I`m not concerned that anyone would take a deal with staggered payments – if it`s on offer, who wouldn`t? More money to spend now on players, infrastructure etc. What concerns me is whether or not any of it is true. My gut feeling is that it`s more BS from Fatty and his partners in crime but the rumour mill IS being persistent this time around.

    • Carverlier football

      Exactly – staggered payments could be so money IS available for investment. Or not. It’s all speculation until anything actually happens.

      • Toon Arnie

        Whatever it means it simply can’t be any worse than where we are now – no hope, no investment, no communication and the fans all arguing with each other. Things can surely only get better ?

    • Pezza

      The installments is for the debt element. The accepted offer is for the shares, I was told at Everton by a chap who I trust that the deal is £170m for the shares and the remaining debt will be due some 18 months later. The likelihood is this debt will be paid by taking finance from elsewhere, basically US banks.

      • Brian Standen

        Makes me nervous as NUFC needs a large cash injection to kick start things AND consistent income to ensure continuous progress!
        However in this instance it’s definately not a case of better the devil you know!
        Quite frankly I would take Steptoe and Son investments over Ashley!

        • Pezza

          I disagree, the hint is that MA has taken £10m from his loan account and will take £10m more before a sale. This makes the shareholding priced around £175m with debt of £125m.

          The debt at £125m can be easily financed externally. FFS managed to get that level of debt when the club was a basket case, now the income level is over double.

          The injection of cash is not needed, by the end of June 2019, the bank balance is around £40-50m . Buying a player on installments is normal and if there is anything to happen at the trading ground, it will be mortgaged. The most likely training ground solution is to sell the land for housing and acquire cheap farm land and redevelop.

          • Brian Standen

            The training ground issue is not that bad – it was only built in last 15 years and has huge amount of already owned land!

          • Pezza

            I’ll respond in an hour or so, got to get to a VPN to post

            We are unable to post your comment because you have been banned by The Mag. Find out more.

          • Rich Lawson

            Pending,you’ll never here another word.

          • Pezza

            I’ll try again.

          • Pezza

            From a cost pov, it will be cheaper to find a new plot and sell the existing land if they get planning for housing

          • Brian Standen

            I don’t get that at all – it’s not exactly prime land. I know I live close to it!

          • Pezza

            But it was bought as farmland, developed to as it is.

            To improve it, the biggest “problem” is the indoor pitch which was (as I understand it) built a bit cheaply compared to more modern facilities. A new one would be bigger and higher and no obstructions. This would all need to be done in the close season if possible to avoid disruption.

            I know the land is not exactly central London values but if the club can sell it with planning for houses and buy farmland elsewhere, the overall cost us partially covered by the proceeds.

          • Brian Standen

            But it wasn’t bought as Farmland, it is the old Ministry sports ground!
            Home to 3 full size football pitches , 2 full size rugby pitches and two cricket fields!
            There is no need to move from there just as you say improve facilities!
            There is adequate room to build a brand new indoor pitch whilst not impacting on current facilities!

          • Pezza

            Yes, but cheaper to just sell and move on.

            I hadn’t realised it was always a sports ground,my uncle who is in his late 80’s swore blind that it was a farm!

          • TheFatController

            And much as you can be a basket case with a 50k city centre stadium, PL level squad, and loyal fan base…this isnt Coventry or Charlton or Portsmouth, it’s newcastle United. A different level of club altogether – look at the stadiums and attendances, catchment areas etc.

          • Pezza

            We had an income if £80m back then with overheads of £113m. At that point, we could not feasibly finance the losses via commercially available finance.

            The point being, we were able to borrow on meagre income up until it went wrong, so the new owner is likely to find a willing financier when we have £175m income & £40m profits. Enough to take over the MA debt.

          • TheFatController

            No

          • Pezza

            Really? That’s a worry because that most certainly is the strategy.

        • FatParosite

          Yet you still pay Ashley to watch his mismanagement and pillage of the club?

  • robbersdog

    Off topic, but…we’re not signing Miguel Almiron. Atlanta have announced that he’ll cost upwards of £30million, and Arsenal are favourites to sign him.

    As for this supposed sale – it’s probably a load of bollocks.

    • Lewis SG

      £30m for someone unproven in the top leagues? Even David Villa at age 33 banging goals for fun in the MLS

      • Peaky

        Agree…and as someone else posted on here recently Rooney is looking like a combination of Ronaldo & Messi….

        • Rich Lawson

          Naldo’s ?

      • Leicester Mag

        Indeed Drain Runny doing likewise

      • Toon Arnie

        ‘Even David Villa’ ?!! He’s past his best but I would still have him in our team.

    • Wor Lass

      He said he wouldn`t consider anything unless it began with a 3. Penfold`s beaten the opposition with a bid of £300,000.

  • Billmag

    Like Wor Lass I couldn’t give a rat’s aris if it’s paid off in installments if in fact all this is true, the very thought of getting rid of the fat oaf would be a good Xmas present for me.

    • Wor Lass

      I remember someone saying that it was staggering that Staveley was trying to pay in instalments. When I said that paying by instalments was inded staggering he just didn`t get it!

      • Rich Lawson

        Clarko ?

    • FatParosite

      Ashley is using that thought, annually.

  • Mrkgw

    ‘If’ this news is founded, then its cause for major celebration. Ashleys tenure has been intensley painful and a parting of ways is the best thing to potentially happen to the club in many a year.

    • Sickandtired

      Well, it is almost Xmas. A holiday in which we celebrate a fictitious fat guy who brings us presents. Sounds about right to me then…

      • Peaky

        You’re not telling me 🎅🏻 Is fictitious are you…..??? Nooooooooo……😢😢

        • Sickandtired

          Sorry. There’ll be a football club in your stocking, I’m sure ;-)

  • Peaky

    Still not convinced…..Fakeover…

    • Wezza

      I like that word! Fakeover is right!

    • Lord

      I’m sure we’ll hear soon that it doesn’t make sense to invest in a £30m playmaker when there’s a fakeover imminent. No worries, there’ll be a few low quality loans available on Jan 31st if we need them.

  • Lord

    Please replace this:

    “For Newcastle fans looking inwards, a buyer not able to come up with the money to pay the full asking price straight away, rings alarm bells when it comes to then worrying whether any such owners could provide the essential extra investment that is needed”

    with this:

    “For Newcastle fans, the thought of Mike Ashley owning the club for another season rings alarm bells, foghorns, red flags and general weeping”.

  • Realist

    Soon I believe we will have a new owner hopefully someone who will spend more on players (sensibly spend tho) I will be glad to not have to hear majority of you lot moan on here wezza aka Chris chapple Kenny leazes Ashley out fat parasite etc I bet you’ll find something else to moan about tho. Roll on Huddersfield up the mags

    • Tweed Mag

      You are right – sensible investment would be a welcome change. The mood will change and be more optimistic. Moaning will subside (including those who moan about others having a moan). Fingers crossed it goes through, but who knows.

      • Realist

        I’ve just got a feeling this time it’s genuine but let’s wait and see.

        • Tweed Mag

          Marvellous if it did and we could all move on, the feeling you get when your team is consistently doing well is second to none.

          • Realist

            I agree and I’ve always said best days of life are following nufc especially away. When the times are bad tho the fans should still stick with the club. It’s a rollercoaster following this great club.

      • Ram Kishore

        I am wondering what will Mag and Leazes will have to moan about when Ashley leaves.
        But i suspect Mag will hold on to Ashley articles even after he leaves.

  • Peaky

    Interesting news this morning…..Ashley saying he faces ‘significant challenges’ to revive H o F…

    • Tweed Mag

      He’s not very good at ‘due diligence’ is he? Perhaps he is just paving the way for more staff to lose their jobs, sell off the assets and recover his outlay.

      • Sickandtired

        Exactly. The ‘obstacles’ the poor lad has is that landlords won’t write- off the rents as he expects them to.
        He wants to run his businesses rent free and with rate assistance from Councils. When that’s not forthcoming he sells off the buildings and all other assets in the meantime.
        HoF had £900 million of assets and he picked them up for £90 mil.

        • Pezza

          Wow, a lot of words to show you don’t understand anything about the HOF issues.

          The company has come out of administration, it can leave the stores as the contract is unenforceable. He’s trying to get the landlords to reduce rents in order for shops to provide acceptable returns, if a shop is not profitable, it gets closer, simple. He isn’t going to sell these shops, they aren’t his/ SDs to sell.

          As for council rates, again, if they are too high, he leaves. Business rates are the death if ththe high street, councils have destroyed businesses for years. He’s looking for a lower valuation, it’s normal. I’ve done it with businesses before.

          • Tweed Mag

            So, back to square one. He has bought a failed business (HoF), with little or no assets. Suppliers and Landlords are reluctant to cooperate. Customers have deserted the high street and SD is not the most trusted brand. He has just offered Debenhams £40m as a cash injection (SD is the major shareholder in another ailing high street chain) to protect his investment and put him in prime position to pick over the remains if it goes bust. He clearly has had some success in the past with dead ducks, but that was before the recent downturn afflicting just about every other comparable retail outlet. SD share prices are down again as a result and not helped by a careless comment by MA. His mismanagement of NUFC and Rangers are there to see and there is also the problem of his auditors – Grant Thornton – who are under investigation for alleged ‘misconduct’. He is not as good as he thinks he is and perhaps he should have kept his business interests closer to what he does best – selling bargain sports wear.

          • Pezza

            His mismanagement of Nufc has taken us from an insolvent business losing £33m a year to a solvent business that currently makes a profit around £40m, not bad.

          • Tweed Mag

            Along with a constant threat of relegation. Do you want a successful team or what? A modest investment would have enabled the team to compete, consolidating their position in the PL and increasing the value of the club substantially. Those who want to standstill, or risk going backwards, have no business sense at all. A profit of £40m (your assumption, not mine) is irrelevant compared to the cost of relegation.

          • Pezza

            Of course I want a successful team but I’ve only ever seen 2 x 2nd Division titles. I’m happy with a good footballing side developing young players.

            10th last year was a good achievement but some dull performances.

          • Tweed Mag

            If the club generated £40m – every penny should have been invested in the team. Last time round there was a £20m profit on transfers. See a pattern emerging? You will not see a successful team until a new owner arrives. Ashley has too many other commitments and he does not keep his word.

          • Pezza

            So, of that £40m, how much do you think should be allocated for transfers?

          • Tweed Mag

            The lot. That is what Ashley promised ‘every penny the club generates’. It is not a massive sum compared to what others have spent, but it would be a a good start.

          • Pezza

            Ok, how many players? 3? One at £20, 2at £10m?

            Did you mention anything about a wage budget? The £20m lad will need £5m s year, the other 2,. £3.5m so £12m ? Whoops, don’t forget employers NI, £1.5m .

            Ok,

          • Tweed Mag

            Player recruitment would all be down to Rafa and his team. Also depends on whether the fee is upfront or instalments. There are other quality players running down their contracts who would cost a signing on fee (few million probably). Not to mention bargains like Dubravka, who must be worth a lot more now.
            You would enjoy being a fan far more if there was something better than a couple of Championship titles, preceded by two painful relegation campaigns. No business can survive with minimal investment, competitors will easily overtake. If we had anything like the team KK put together, or SBR, you would love it.

          • Pezza

            AHH, so now you think about the cost, you are saying a loan, a bargain from a relegated team in the EPL or abroad, a cheap deal, an out of contract player etc is good?

            Demanding the £40m goes in players isn’t realistic.

          • Tweed Mag

            It most certainly is. I see you have added bits to your previous comments – is this what is called moving the goal posts? I would imagine that NUFC are fully aware of FFP and will recruit within the rules. There are many options open to Rafa and he has to be allowed to explore them. Proper investment and ambition is the answer, not the pessimism you seem to enjoy.

          • Pezza

            I’ve been banned from here so have to post then edit to get around censorship. No intention to move goal posts.

          • Tweed Mag

            No worries

          • Pezza

            The ffp angle is important as that restricts what can be done. By buying players in January, the club can acquire players on higher salaries as only 1/2 the range will count against ffp. I.e Jan – jun

          • Pezza

            SD’s value is being diluted by HoF until it gets turned around, that’s not unusual. HoF failed it got something fundamental wrong. Same with Debenhams.

  • Sickandtired

    The Northern Echo…. F’n seriously? PMSL! It would only be less believable if Douglas and Ryder claimed it, though I suspect they’ll be claiming an exclusive soon.

    • Peaky

      Ryder is still reporting we are trying to get Rondon on loan….😂🤣

  • X,WHY,Y MAN.

    The fact that Kenyon is meant to know Ashley personally before any of this Take-Over talk came to light is enough to think all of this is complete twaddle.
    Is Kenyon doing a mate a solid by putting his name to this to get Ashley through another transfer window ?

  • East Durham Mag

    There’s some proper “experts” on here who know (think) they know what they are talking about. No name calling but they are out it force this morning. For once I hope they are right.

  • CaptainCaveman

    There’s more chance of Theresa May negotiating a good Brexit deal than this takeover happening.

    • Sickandtired

      The story ‘broke’ almost 3 months ago, so must have been happening before then if true. If any buyer has not shown proof of funds, done due diligence and approached the FA for approval by now then we can be left with one conclusion.
      Yup. If it looks like [email protected], smells like [email protected] – then it’s most likely [email protected]

  • Sickandtired

    The article is only 2 hours old and what it actually says is “…and is believed to have agreed a deal in principle for £300m to be paid in staggered amounts according to reports.”
    According to reports. Aye. [email protected] then. Nowt new to see or learn here.

  • Tweed Mag

    It would be great if it was true, but . . . . it has all been said a million times before.
    Instalments are not such a bad idea for the buyer, as there may be some ticking time bombs in the accounts (and with HMRC). Until someone reliable gives us the news, we’ll all have to wait and look forward to the day we don’t have to read Ashley apologists defending their employer (which they are perfectly entitled to do, just short on common sense and facts at times).

    • Themoscow72

      The maximum liability to H.M.R.C. is only £3m and the club are confident on paying nothing at all. It is something to do with what we have paid out to clubs and agents and their will be a ruling on it shortly. We have done nothing wrong at all.
      If Mike lets them pay in instalments no surprise there as he is a very generous man. However very worrying that the new prospective owners can not afford to buy us out right. Does not bode well for the future.

      • Tweed Mag

        Wait for the ruling. That will put things beyond doubt. Otherwise, your defence of your leader is remarkable. Let’s hope he does sell.

      • 1957

        There should be concern that they will pay the initial instalment then borrow against the club’s future income to pay the subsequent installments. It’s what the Glazer’s did at MU, with their turnover it was affordable with ours it’s a huge risk for me.

        If it’s true Big Mike will have sold us down the river the same way the Robber Baron did when took the present owners 30 pieces of silver

        • Themoscow72

          You cannot have it both ways. The fans want him gone and he is selling and only just getting his money back. Hardly made a killing like our previous owners and directors from other clubs. Should I contact him and tell him to stay that will cheer people up.

          • Toon Arnie

            I think we should just risk it – you could give him a ring and ask if he needs any help packing ?

      • KennySamsung

        “Mike is a very generous man” … now I know you’re tryng to wined people up. He is that generous he has freed the club of any money it would have got from advertisements and promo’s of his other part owned businesses.

        Let’s not forget he is getting back any money owed to him from himself (I mean Nufc 😆) within the £300 million.

        Yes Ashley owes himself the loan from his own business. If he only cared about people I might even like the guy, but like I keep saying his mistake is simple .. “without people he is nothing” so it’s only a matter of time before his world comes tumbling down.

      • graham18

        you want to be checking your facts there bonnie lad for reasons I will not mention on social media

  • Philippines

    I clicked on this report just to say that I didn’t read it.

    • Dingus

      Haha

  • Toonrobbybobson

    Why are we worried about instalments? I’ll be happy Ashley who has no ambition to finally move on.

    He is the one carrying the risk. Fundamentally it will help the club because the less cash upfront the more initial capital to invest in the day to day of the club. It does not mean they do not have the funds just that they can probably make more of their funds via other means not tying so much up in the club immediately. In fact it probably makes it more attractive.

    But another option opens up. A better set of business people could increase commercial revenues making the club more profitable and yet flip it to an owner who would not deal with Ashley due to his poor negotiation attitude. Hes insulted plenty when trying to previously sell.

    …Anycase believe it when I see it. The dollar was perfect for an outright purchase which would suggest if it does not happen it was never going to and more of the pigs might fly stuff.

    • Rich Lawson

      I agree,don’t we know already that Ashley favours staggered transfer fees for players going out,so why not the club as well ?

      • Toonrobbybobson

        Hazard a guess it is more tax efficient or something along those lines for him to do it

        • Sickandtired

          All about the books. He can escape from holding and spending a large profit one season by staggering the income received over several future ones. ‘We’ve got no money, see?’

      • Kneebotherm8

        Fair point.

  • Peaky

    Leazes must be away to Lapland……explaining to Santa where the name Claus originates from….🎅🏻🎅🏻🎅🏻

    • Cushty lad

      I think he’s on a romantic break in Paris with Kenny!

      • Sickandtired

        He’s on the beach, spade in hand, finishing off burying the Monk Mong.

      • Rich Lawson

        ”Why’s that car behind us going so fast in a tunnel with full beam on ” ?

      • Billmag

        Kenny will not want to be locked in a dark room, not seeing any daylight for day’s on end.

        • Pezza

          Learning how to milk a cow?

    • Wor Lass

      and still nothing from Clarko!

    • JohnnyH

      I had my account suspended two days ago, without any explanation so couldn’t say why, I wonder if Leazes has been suspended?

      • Pezza

        He should be, his posts a libelous and likely to get the Mag into financial trouble.

      • Realist

        The trolls get suspended ya see, I’ve never been suspended of here in my whole time posting.

      • Peaky

        Maybe but he does tend to disappear occasionally…

    • Billmag

      He’s writing an espionage novel entitled Ryder & Douglas.

  • Toontone100

    I wouldn’t “borrow trouble” in worrying about the future if the buyer cant buy it outright. No-one could invest less and expect (be lucky enough) to remain in the Premier league, than Cashley – I’d take my chances with any buyer with installments over Cashley any day ! (it simply couldn’t be worse and theres a strong chance it will be much better !)

  • Albert Stubbins

    In keeping with my responses on any subject involving Fatso- BALLS!!

  • MadMag83

    The installments scenario​ has all the hallmarks of Ashley.

  • Martin Rooney

    Make no mistake Peter Kenyon is coming to take money out of the club not to buy us a load of fantastic players. Ticket prices will balloon and attendances will plummet with the 10 year deal soon to be over.
    Toon to be championship material for years to come.

    • JohnnyH

      Sounds familiar

    • nufcslf

      Is that because this is a pack of lies and the fat c**t is going nowhere.

    • SuperDesHamilton

      Martin how many selection boxes has your carer bought you this year, fatty.

    • Tweed Mag

      What makes you think that?

  • Carverlier football

    It’s not exactly being widely reported. Usually by now it would’ve been repeated ad nausium in my Newsnow feed. I don’t know if that’s a good thing or a bad thing…

  • Down Under Mag

    Worrying if any potential new owner can only afford to buy us on an installment plan. While I don’t particularly want a takeover and the club to just pay silly money for players, it is plain to see we do need significant investment to begin to even hope of climbing the league and challenging for European spots. that is without even taking into account the fact we need money spent on the ground and training facilities thanks to years of neglect by Ashley.

    The other thing to worry about has to be what pound of flesh Ashley will extract from the club as a parting gesture to be willing to sell on a staggered basis. My guess is there will be some kind of continued SD advertising, possibly a % of merchandising sales or even something like a partial image rights retained.

    Make no mistakes about this, Ashley will not be selling up (if you actually believe any fo this in the first place) without him getting as much as he can out of the deal and any new buyer who has to agree to those conditions and pay in staggered amounts doesn’t have the financial backing to be taking us over for anything other than taking more money out of the club.

  • SuperDesHamilton

    Does Michael Martin I mean leazes still post on here? The voice of the people the main man

    • Billmag

      He’s been laid low with a Ryder&Douglas rash.

      • SuperDesHamilton

        Dark forces at play & leazes with his tin hat will find them

  • KennySamsung

    1.. Instalments for an early sale

    2.. Ashley goes off to love himself south of the humour line

    3.. New owners, start well, love the club, connect with supporters, community, great relationship with Rafa.

    4.. Greed takes over, £100million goes missing.

    5.. THE END

  • TeessideMag

    Pay in installments I don’t think is too worrying, if Ashley is considering that he must have proof of money.. It could be done that way to meet his asking price but also leave money short term for players??

    I joke, there’s no sale.

  • Toon Arnie

    Another day gone and no progress. Why does anyone still believe any of this ?