meshman 0 Posted August 6, 2009 Share Posted August 6, 2009 `moat move moot point ` ? Link to comment Share on other sites More sharing options...
Park Life 71 Posted August 6, 2009 Share Posted August 6, 2009 The Moat between our dreams. Link to comment Share on other sites More sharing options...
Chaser 1217 Posted August 6, 2009 Share Posted August 6, 2009 Its not a moat we need its a bridge over troubled waters. Moat floats boat for fat Ash Link to comment Share on other sites More sharing options...
Scottish Mag 3 Posted August 6, 2009 Share Posted August 6, 2009 By Paul Kelso Chief Sports Reporter Published: 11:20AM BST 06 Aug 2009 As Telegraph Sport disclosed last night, talks between Moat and advisors to current owner Mike Ashley are underway in London this morning, with the broad terms of a £100m deal thought to have been agreed. While a deal has not yet been confirmed there is a chance that it could be sealed in principle by Saturday, when Newcastle open their first Championship season in 16 years, away to West Bromwich Albion. Shearer, who is currently on holiday in Portugal, is scheduled to be summarising the match for the BBC, and is currently due to fulfil the commitment. He is likely to speak in detail about the prospects of a return to Newcastle on Football focus at lunchtime. Moat, a millionaire with extensive property and telecoms interests, is an associate of Shearer's having served on his testimonial committee, and is expected to offer the former England captain the manager's job. Shearer left the post just two months ago having failed to keep Newcastle in the Premier League, and has made it clear he would relish the chance to bring them straight back up. Lawyers for the two sides are working on the final terms of an agreement that would see Moat pay Ashley £100m for the club. Moat has put up £50m of his own money and is thought to have secured bank funding for the remaining £50m. While negotiations over the sale continue the club continues to try and offload players from the payroll. Sebastien Bassong could depart as early as today, with Tottenham favourites to secure his signature for around £10m, and there is a chance of at least one other departure. BBC and Telegraph still running with it... Link to comment Share on other sites More sharing options...
Scottish Mag 3 Posted August 6, 2009 Share Posted August 6, 2009 After denying it earlier, The Chronicle are running with it again... THIS is the millionaire tycoon said to be the latest bidder for crisis-hit Newcastle United. Businessman Barry Moat has today been touted as the man pulling together a consortium, which includes overseas investors, to take the reins from Mike Ashley on Tyneside with a £100m buy-out. Reports claim that negotiations are continuing today with the process of due dilligence having been completed – although sources at the club have claimed he is not a serious contender. And Chronicle sources have speculated news of Mr Moat’s interest is nothing more than an attempt to flush out other bidders to bring the saga to a conclusion. But as has been the case throughout the tortuous sale process, it is difficult to know who to believe. Intriguingly Mr Moat’s secretary said today at Lugano Property Group headquarters in Melbourne Street, Newcastle he was “unavailable” because he was in London. A millionaire with diverse business interests across the North East, Moat has significant property holdings and a development portfolio. He is a director of several telecoms companies offering cheap internet-based call services. Mr Moat has previously invested substantial sums of cash into the club’s academy. At the time he said: “As a lifelong Newcastle fan, I am delighted to support the club’s new initiatives of investing in the academy and enabling more young fans in the region to see their heroes play. “It’s vital for a club like Newcastle to make sure it recruits the best young footballers at an early age and encourages them to develop their full potential.” Mr Moat, founder and director of workplace retail giant Premier Direct, renewed his executive box at the club for five seasons in 2008. He was also a lead member of the committee who organised Alan Shearer’s testimonial. He has been in Ashley’s company on many occasions, including the trip to the Stadium of Light to watch the derby match, pictured on our front page today. In 2007 he paid £20m for the 2,500 acre Dissington Estate, near Ponteland, Northumberland – a huge swathe of land that borders Darras Hall. Mr Moat snapped up the site, mostly farms and woodland, from the Church Commissioners. It backs on to the plush Darras Hall estate, which is home to some of the region’s wealthiest personalities, including former Magpies skipper Shearer. Mr Moat lives in Jesmond, near to former chairman Freddy Shepherd. The home is surrounded by manicured gardens with black wrought-iron gates and a sophisticated security system. Link to comment Share on other sites More sharing options...
Scottish Mag 3 Posted August 6, 2009 Share Posted August 6, 2009 Chances of Barry Moat buying Newcastle United said to be 60/40 Tyneside businessman been negotiating deal for weeks Would bring back Alan Shearer as manager Louise Taylor guardian.co.uk, Thursday 6 August 2009 11.53 BST The odds of Barry Moat buying out Mike Ashley and spearheading a takeover at Newcastle United are said to be around 60/40. Moat, a Tyneside businessman in his early 40s who chaired Alan Shearer's testimonial committee, is understood to be being backed by heavyweight investment from the United States. Freddy Shepherd, the former Newcastle chairman, is thought not to be involved although he and Moat are believed to be good friends. Moat has been secretly negotiating with Ashley and Seymour Pierce, the London investment bank brokering the sale, for several weeks, completing exhaustive due diligence on the newly relegated Championship club. Even so, a final price has not yet been agreed and, according to sources, some "important detail" still needs to be ironed out before any sale can proceed. If a deal is going to happen it will be by the end of the weekend and should Moat's bid fall through, Ashley is likely to be left in charge of Newcastle for another season. It is thought that a potential bidder, almost certainly from the Middle East, who also displayed serious interest in the club, is no longer keen to proceed. Those close to the deal know that Moat and his backers have deliberated long and hard about taking the plunge and buying Newcastle. Indeed, although there is quiet optimism of a successful outcome, they also accept there is still "a real risk" of Moat and his underwriters walking away at the final hurdle. Newcastle's gargantuan wage bill is said to remain "a big issue" and the club's price – sources insist Ashley still wants "something pretty close to £100m" – will be dependent on how many players the club can sell before the weekend. It is thought two could leave today. The defender Sébastien Bassong is likely to have a medical at Tottenham Hotspur ahead of a mooted £10m transfer while Habib Beye could also be en route out of St James' Park, possibly to Aston Villa. Another concern at Seymour Pierce is that Moat, in the business sphere at least, is intensely private and had insisted his identity must be a closely guarded secret during the entire negotiating process. He has always maintained that his name must not be made public until any agreement is concluded and there was a tacit understanding he could walk away if it got out. Moat, who would want to reappoint Shearer as Newcastle's manager, is also worried that too many of the club's current squad appear unsuited to Championship football and that an instant return to the Premier League may be beyond the club. As a box holder at St James' Park he has witnessed the team's travails at first hand but, as a businessman, must decide whether he and his backers can bear the potential cost of two or more seasons in the Championship. Best known in the north-east for his former role as a founder and later owner and chief executive of Premier Direct Group, a South Shields-based company, little is known about what specifically Moat has done since stepping down from Premier Direct in 2005 for "personal reasons". A PLC, Premier Direct sold books and novelty toys and gifts to schools, hospitals and local authorities in the UK and Ireland. Later it got involved in the door-to-door selling of cosmetics and party planning catalogues. In 2008, three years after Moat's departure, its shares were suspended and the company was placed in administration. Meanwhile, in 2007, Moat spent around £18m on buying 2,566 acres of land in Northumberland from the Church Commission for "investment purposes". He and his wife are believed to live in the upmarket Darras Hall area to the north of Newcastle, where Shearer is a neighbour. Link to comment Share on other sites More sharing options...
OTF 7297 Posted August 6, 2009 Share Posted August 6, 2009 At the very least it's good to know that he has a sophisticated security system. Link to comment Share on other sites More sharing options...
snakehips 0 Posted August 6, 2009 Share Posted August 6, 2009 At the very least it's good to know that he has a sophisticated security system. You're such a philistine, OTF. The most obvious impressive news of him is his manicured gardens and black wrought-iron gates. Link to comment Share on other sites More sharing options...
Acid 0 Posted August 6, 2009 Share Posted August 6, 2009 If Lousie Taylor confirms that it's a 60/40 chance he'll takeover then it must be true. Link to comment Share on other sites More sharing options...
acrossthepond 877 Posted August 6, 2009 Share Posted August 6, 2009 Total silence from his end. Isn't this how we said this takeover would happen, if it ever did? That it wouldn't come from someone who's been running his mouth for weeks about buying us, but someone who bid in the background? [/strawclutching] Link to comment Share on other sites More sharing options...
Ayatollah Hermione 13883 Posted August 6, 2009 Share Posted August 6, 2009 The chances of a takover coming from Moat were a million to one, they said. Link to comment Share on other sites More sharing options...
JUICE690 0 Posted August 6, 2009 Share Posted August 6, 2009 Press conference at 2 today according to N-O. Already being played down as just a general preseason discussion (if it's true at all) Link to comment Share on other sites More sharing options...
Ketsbaia 0 Posted August 6, 2009 Share Posted August 6, 2009 The chances of a takover coming from Moat were a million to one, they said. Link to comment Share on other sites More sharing options...
Scottish Mag 3 Posted August 6, 2009 Share Posted August 6, 2009 http://www.telegraph.co.uk/sport/football/...s-hot-seat.html http://www.timesonline.co.uk/tol/sport/foo...icle6741294.ece The press are still churning out stories regarding this... Link to comment Share on other sites More sharing options...
Scottish Mag 3 Posted August 6, 2009 Share Posted August 6, 2009 Don't bank on Ashley accepting takeover bid for Newcastle, says George CaulkinThe Times expert in the North East analyses Barry Moat's attempted takeover and what it could mean for the club. He talks to Ben Smith The bid led by Barry Moat has been recommended to Mike Ashley by Seymour Pierce, the investment bank employed by the Newcastle owner to sell the club. Moat's consortium is the preferred bidder of Keith Harris, Seymour Pierce’s executive chairman, and talks are ongoing at the moment - that's where this is right now. What everyone has to remember is that we are dealing with Mike Ashley here, so we shouldn't get ahead of ourselves. This bid may have been recommended to him, but there are no guarantees that he will accept it. Will Ashley get the £100m he is asking for? That has been his asking price since the end of last season. The talks would not have got to this stage if the bidder didn't have the necessary funds. Whether that is £80m, £90m or even £100m I don't know, but we are not going to get to the point where we suddenly find this consortium hasn't got the funds. Moat's consortium has been secretly negotiating with Ashley and Seymour Pierce for several weeks. They have gone through a pretty exhaustive due diligence process and spoken at length about the wage bill and the overdraft the club has. Would a successful takeover by Moat mean Alan Shearer would return as manager? Yes it would. Moat served as chairman of Alan Shearer’s testimonial committee and Shearer has been kept informed of the ongoing negotiations from Moat's end. He hasn't heard a word from Newcastle who have kept him completely in the dark. If this takeover goes through it would definitely see Shearer come back as manager. What do you know about Moat? He is a recognisable figure at St James' Park and he has never made any secret of his affiliation to Newcastle United. As I have said he was on Shearer's testimonial committee and he is a local businessmen who has been involved in telecommunications and property. He has a box at the club where he regularly attends matches with his family and he has contributed money to the club's academy. Moat is not comparable to a figure like Freddie Shepherd, who had a very high public profile, but he is a well-known and well-liked figure at the club. Ashley originally said the deadline for any deal would be tomorrow. Is that a real deadline or still movable? These deadlines are always relatively fluid. If an acceptable bid came in 24 hours after the deadline, Ashley would still accept it. My understanding is that talks between Newcastle, the consortium and Seymour Pierce are ongoing and my hope would be that a deal could be done by late tomorrow or Saturday. We shouldn't forget that there is nothing to stop Moat's consortium pulling out at the last minute and there is certainly nothing to prevent Ashley from deciding he doesn't want to accept this bid. There is a long way to go and it is very frustrating for the supporters, but there is a chance that something could happen in the next 48 hours. What state does this leave Newcastle in given Joe Kinnear's latest comments and with the new season upon us? It leaves Newcastle behind almost every other club in the division because for the entire summer they haven't had a manager and as a result they have had no players going out and no one coming in. They are trailing the other teams in terms of preparation and just about everything else. If it was to happen by Saturday it would mean Newcastle would have a fresh start, it would mean Alan Shearer coming back to the club and it would mean at least a degree of optimism. At this stage we don't how much money would be available for new players. The prospect of Ashley staying is one that would inspire horror in the fans and hearing Kinnear and seeing names like David O'Leary banded about is terrifying. It is time for Mike Ashley to go and with a bit of luck we are not too far away from that point. Link to comment Share on other sites More sharing options...
ewerk 30633 Posted August 6, 2009 Share Posted August 6, 2009 So is this the takeover that the N-O fella was promising? Link to comment Share on other sites More sharing options...
sammynb 3357 Posted August 6, 2009 Share Posted August 6, 2009 It is time for Mike Ashley to go and with a bit of luck we are not too far away from that point. Everyone knows it except Ashely the stupid cunt. Just fuck off now. Link to comment Share on other sites More sharing options...
Dr Gloom 21941 Posted August 6, 2009 Share Posted August 6, 2009 The chances of a takover coming from Moat were a million to one, they said. Link to comment Share on other sites More sharing options...
AllyB 0 Posted August 6, 2009 Share Posted August 6, 2009 SSN reporting that it understands Barry Moat unlikely to takeover :/ Link to comment Share on other sites More sharing options...
Acid 0 Posted August 6, 2009 Share Posted August 6, 2009 SSN reporting that it understands Barry Moat unlikely to takeover :/ SSN are as clueless as the rest of us. Link to comment Share on other sites More sharing options...
Redheugh 0 Posted August 6, 2009 Share Posted August 6, 2009 There is no bid from Moat at all. I don't actually believe Seymour Pierce are handling this anymore. Link to comment Share on other sites More sharing options...
beardieman 0 Posted August 6, 2009 Share Posted August 6, 2009 There is no bid from Moat at all. I don't actually believe Seymour Pierce are handling this anymore. If they weren't surely they would come out and say so as they would have nothing to lose Link to comment Share on other sites More sharing options...
Acid 0 Posted August 6, 2009 Share Posted August 6, 2009 Why are we the only football club that actually seems to require some unknown banking investment company in order to fuel a takeover. Link to comment Share on other sites More sharing options...
dbsweeney 0 Posted August 6, 2009 Share Posted August 6, 2009 There is no bid from Moat at all. I don't actually believe Seymour Pierce are handling this anymore. What the fuck does this mean? Does ANYONE know what the fuck is going on? Surely this is just bullshit ... and surely it's not. This is all just so unbelievable. Link to comment Share on other sites More sharing options...
ewerk 30633 Posted August 6, 2009 Share Posted August 6, 2009 There is no bid from Moat at all. I don't actually believe Seymour Pierce are handling this anymore. What the fuck does this mean? Does ANYONE know what the fuck is going on? Surely this is just bullshit ... and surely it's not. This is all just so unbelievable. He's a WUM. Link to comment Share on other sites More sharing options...
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