Barclays Bank - Most popular for 2009
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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.
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 [.
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 [.
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.
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.
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 [.
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 [.
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 [.
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.
