I did not think that any team could outdo Newcastle for their off-field antics, but Portsmouth is determined to outdo even Mike Ashley. Portsmouth's season has descended yet further into chaos with news that the Premier League have hit them with a transfer ban.

The Premier League confirmed reports by the DailyMail that they had taken the drastic action because of Portsmouth's debts to other English clubs that remain outstanding.

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According to a statement the club made to The Journal, Ashley's £100m asking price has been met and 'all parties are at the sale and purchase stage', which sounds a bit different to any parties I've been to. The Journal then goes on to speculate that it could still be some time before the takeover situation [. Click to continue reading...

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 [. Click to continue reading...

According to previous press reports, Newcastle United's £39m overdraft facility with Barclays Bank ended on the 31st August and unless some other agreement was reached it was going to be renewed with only a £10m limit, in line with Barclays' policy for Championship clubs. If reports that the club owed £20m on that overdraft facility are [. Click to continue reading...

The Daily Mirror and Simon Bird are reporting today that Mike Ashley is poised to take Newcastle United off the market, after 14 weeks, and stay in charge for another year. Mike Ashley to keep Newcastle? Prospective owner Barry Moat has been struggling for weeks to prove to Barclays Bank he can service Newcastle's overdraft. Click to continue reading...

Much speculation has ensued after yesterday's announcement that the club is giving Barry Moat more time to negotiate an overdraft facility with Barclays Bank. Our favourite mackem Louise Taylor demonstrates surprising knowledge of the club's confidential banking details, which form the crux of her latest article in The Guardian. Click to continue reading...

Potential Newcastle United owner Barry Moat has been given an extended deadline by current Chairman Mike Ashley, as the Tyneside businessmen is in talks with Barclays bank to secure enough funding.

A club statement from the official site reads as follows:

NEWCASTLE United Football Club confirms that it has extended its deadline to Barry Moat to table an offer for the Club.

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With today's less than exciting announcement from Newcastle, that Barry Moat will be given more time to secure a loan from Barclays Bank, the club seems to be stuck in a time warp and time is running out quickly. Peter Lovenkrands this player should be signed now! If you back track to a week ago [. Click to continue reading...

There are rumours that Newcastle United will make an announcement about the sale of the club on Monday, although I can't find a direct quote from anyone at the club about this announcement. Other rumours suggest it may be late next week before we find out anything. Sky Sports claims that talks are continuing with Barry [. Click to continue reading...