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Newcastle Takeover back on track


bakeri666

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Mike Ashley could sell Newcastle by the end of next week after ex-manager Kevin Keegan's £2m legal settlement.

Tyneside businessman Barry Moat is among the contenders to seal the purchase of the club for £100m.

Chris Hughton would remain in charge if the deal goes through immediately.

In August Moat was given extra time to persuade Barclays Bank he was able to service the Championship club's £39m overdraft.

Moat is understood to want Alan Shearer as manager if his bid is successful. Former England and Newcastle striker Shearer was at the helm at the end of last season.

[url=http://news.bbc.co.uk/sport1/hi/football/teams/n/newcastle_united/8217973.stm]Taken from the BBC

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Originally posted by bakeri666;36275

In August Moat was given extra time to persuade Barclays Bank he was able to service the Championship club's £39m overdraft.

Barclays charge something like £30 or £40 a day if you go 50p overdrawn. I wonder how much they are charging Newcastle for going £39m overdrawn!

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