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Takeover - February looking more likely

Unsurprisingly in these times of recession, credit crunch and flights to safety, Newcastle United is hardly an attractive proposition to those looking for a secure investment. Given we`re about as stable as a shanty in an earthquake it doesn`t take a genius to work out the club is going to take longer to sell, especially with a chairman who wants a substantial premium on what he paid. Two people have had their say on things, firstly Joe Kinnear:

'I didn't think when I first took the job that I would be here this long to be honest. At the time it was clear they had somebody who was going to buy the club within eight weeks, so we didn't get down to talking about finances and stuff for players. But now, because it seems the club won't be sold until after Christmas.'

Keith Harris meanwhile said:

'It is probably likely to be deferred until after the close of the window, when also people have got some hopes that the financial chaos will have settled down a little. It's my gut feeling, but it is no more than gut. I have got nothing tangible to base it on other than that instinct. I don't think there is anything negative in that, it is force of circumstances.'




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The Journalist

Writer: Ross Molyneux Mail feedback, articles or suggestions

Date:Monday November 24 2008

Time: 9:02PM

 

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