Vital Football

Latest Newcastle United News

Moat poised to take over troubled Magpies

Moat poised to take over troubled Magpies

Newcastle United are said to be the subject of a takeover by local businessman Barry Moat in the 'coming days', reports The Telegraph.

According to the newspaper, Barry Moat has brought aboard a small number of investors who are keen on buying current owner Mike Ashley out, and installing club legend Alan Shearer as manager.

The Tyneside club have reportedly satisfied Barclays Bank that a reduced overdraft facility of £20 million - £19 million less than what it had enjoyed just a year ago, is feasible for a Championship club.

Moat and his consortium are also thought to be keen on offering Mike Ashley a stake in the club, and to allow Derek Llambias to remain in his current role.

The news that Ashley may remain in some form or the other will not bode well with the Toon Army, and one may only suspect what form of backlash awaits the current regime if the protracted takeover is successful.



*Try Vital Mobile FOR FREE for the latest news, scores, fixtures and so much more*

Click here to join in the debate on the club forum.

Writer:Mehzeb Chowdhury
Date:Saturday September 5 2009
Time: 9:21PM

Login to post a comment

Recent Newcastle United Articles

Four Clubs Miss Disabled Access Target

On Friday evening it was confirmed that four clubs had failed to honour their self set deadline for basic access standards for disabled fans.

The Newcastle United Injury Table Updated 20/10/2017

Our weekly update looking at the injury table for Newcastle United and also comparing with all our competitors in the Premier League.

A Sensible Xmas For 2017/18

Following the speculation that at least one Premier League tie would be moved to Christmas Eve, it has now been confirmed...

Toon Xmas TV Schedule Expected

Today is supposedly that day when we can work our shopping or nights out around Newcastle playing home or away

Archived TOTT Articles

TOTT articles from

Site Journalists

TNMW
Editor email
Profile

Current Poll (see more polls)

How Many Players Do NUFC Need To Survive Next Season?
Suggested By: Talk of the Tyne
None3%
1-312%
4 or 540%
6 or 731%
More than 714%
ScoopDragon Premier League Network Sites
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

Recent Newcastle United Results (view all)

Newcastle United Fixtures (view all)

Vital Members League Table

RankNamePoints
1.Toon_NoMatterWot103
2.CuckFan84
3.MickMartin36
4.keggy_keagal29
5.Mcnamee6727
6.Jackals Tooth20
7.The Pyrry17
8.crooktownmags16
9.daftladguy16
10.Rytoon16
The Vital Football Members League