Magpies takeover saga drawing to close.

2 07 2009

mike-ashley

The Journal reported yesterday that Mike Ashley is expected to know the identity of Newcastle United’s new owners by the weekend with a formal public announcement scheduled to be made early next week.

Four different groups began due diligence a fortnight ago and, having analysed the club’s accounts, all will be asked to submit final bids in the next 48 hours. Sources have indicated that the new owners will almost certainly be foreign, with an America-based group believed to be leading the race to complete a takeover of the troubled Championship club in competition with another, South Africa-based, consortium.

The Journal revealed last week that Alan Shearer, the former Magpies skipper, is the overwhelming choice to become permanent manager, although the new owners will have to sit down and discuss a plan of action with him once the sale has been completed”.

Lets get this wrapped up and move to the future. Lets go Geordies!!

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One response

5 07 2009
Mark

2 things Jake.

-Sean posted the picture for you didn’t he?

-Without looking it up, how many days is a fortnight?

Go Chelsea.

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