hellava_tough
Well-Known Member
- Apr 21, 2005
- 9,429
- 12,383
Surprised no one's posted this yet, but anyhow:
Newcastle owner in takeover talks
Informal discussions have taken place over the potential sale of Newcastle to American investors.
It is understood representatives of owner Mike Ashley have met counterparts from New York-based private equity fund InterMedia Partners.
A report claimed Ashley named a price of £420m - about £286m more than he paid for the club a year ago. Newcastle dismissed it as "absolute nonsense" but sources in the US claimed initial talks had taken place.
Former chairman Freddy Shepherd had already fought off a series of potential takeover bids when Ashley made his move last summer, eventually securing a £134.4m takeover.
He has since ploughed around £100m into the club to address the debt situation he inherited and to strengthen the squad.
Ashley has now embarked upon a economy drive in an attempt to slash transfer expenditure and a spiralling wage bill.
http://news.bbc.co.uk/sport1/hi/football/teams/n/newcastle_united/7489444.stm
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Always interesting to see what our Geordie ****s, er..I mean chums are up to. A £200 million profit in the space of a year? I'm in the wrong job!!
Newcastle owner in takeover talks
Informal discussions have taken place over the potential sale of Newcastle to American investors.
It is understood representatives of owner Mike Ashley have met counterparts from New York-based private equity fund InterMedia Partners.
A report claimed Ashley named a price of £420m - about £286m more than he paid for the club a year ago. Newcastle dismissed it as "absolute nonsense" but sources in the US claimed initial talks had taken place.
Former chairman Freddy Shepherd had already fought off a series of potential takeover bids when Ashley made his move last summer, eventually securing a £134.4m takeover.
He has since ploughed around £100m into the club to address the debt situation he inherited and to strengthen the squad.
Ashley has now embarked upon a economy drive in an attempt to slash transfer expenditure and a spiralling wage bill.
http://news.bbc.co.uk/sport1/hi/football/teams/n/newcastle_united/7489444.stm
______________________________
Always interesting to see what our Geordie ****s, er..I mean chums are up to. A £200 million profit in the space of a year? I'm in the wrong job!!
