Writer: Mehzeb Chowdhury
Date:Tuesday June 9 2009
According to reports in the British press, Singapore-based Profitable Group are the latest company to express interest in taking-over Newcastle United. The Evening Chronicle cites a source who claims that former Liverpool and England International Steve McMahon is handling the deal, and may take former Chairman Chris Mort's job at St James' Park.
Profitable Group already has strong ties with Premiership giants Liverpool, with Kop legend Kenny Dalglish on their payroll.
The Singapore-based group has revealed an intriguing plan to turnaround the fortunes of the hapless Magpies which includes: turning Newcastle United into a trust which will give fans a major say in club politics and draw similarities with the Barcelona model in La Liga; appointing Alan Shearer as manager and then backing the Newcastle icon with transfer funds to help the side get back into the Premier League; ensuring a footballing figure's appointment at boardroom level to ensure that Mike Ashley's series of high profile errors are never repeated; and increasing the capacity of St James`s Park to 60,000 in the next three years.
A Profitable Group spokesperson, while speaking to The Evening Chronicle revealed:
"Yes we are interested in buying Newcastle United - and we`re putting together a plan."
"We have spoken with Mike Ashley and Derek Llambias and we are hoping that we can reveal a lot more in the next few days."
"We have people within the company who have strong Geordie roots that stretch more than 40 years."
"And there are people here who have a love for the club - we think that is vital for Newcastle at the moment."
"The plan we have in mind is to get the club on a sound financial footing first and foremost."
"Then we aim to turn the club into a trust."
"It will be very similar to the Barcelona model where fans have a major say on what happens at the club." "Without any question we see Alan Shearer as the man to manage the team."
"Yes, we have Steve McMahon on board but he is not looking into management."
"He is though a football man and understands the game inside out." "There is also scope to look at increasing the capacity to 60,000 which is being explored."
"We will look to give Alan time to spend and funds to build his squad - but we have to say now that we are not interested in highly paid players at this moment in time - we won`t be a Chelsea.'
The spokesperson also added: "What this club needs now is somebody who understands the area, understands the people and how this club works."
"Steve McMahon can offer expertise in the background. But Alan is the man we want."
The Group is expected to table a bid in the region of £100 million in the next few days with a swift completion of the deal tipped by insiders on Tyneside.
Date:Tuesday June 9 2009
NUFC Have Nowt To Consider (Monday July 6 2015)
Newcastle 22nd Most Richest Brand (Monday July 6 2015)
New Coaching Duo Give First Interviews (Monday July 6 2015)
Wijnaldum The Latest Propaganda Piece (Monday July 6 2015)
NUFC Influx On The Way (Sunday July 5 2015)
Just What Are The 'Right' Players? (Friday July 3 2015)
Five Newcastle Fixture Changes (Friday July 3 2015)
McClaren Confirms New Backroom Boys (Friday July 3 2015)
Martin & Balotelli The Latest Linked (Thursday July 2 2015)
Cabella Heading To Marseille (Thursday July 2 2015)
|9. Man City||0||0||0||0||0||0|
|10. Man Utd||0||0||0||0||0||0|
|Did Someone Touch a Raw Nerve?
» Man Utd : 06/07/2015 20:36:00
|United Bid for Schneiderlin Rejected
» Man Utd : 06/07/2015 20:25:00
|Nani Invites Van Persie to Join Him at Fenerbahce
» Man Utd : 06/07/2015 20:13:01
|Rafael Set to Leave Old Trafford
» Man Utd : 06/07/2015 20:00:00
|We Can`t Have Our Cake and Eat It!
» West Ham : 06/07/2015 19:44:01