Writer: Ross Molyneux
Date:Monday May 28 2007
In speculation by the Sunday Sun comes the news none of us wanted to hear. Freddie Shepherd has the possibility of launching his own buyout. With Mike Ashley`s stake at 41.6% he is still short of holding the key 50% number. The paper suggests Shepherd could attempt to buy 50% of the shares, forcing Ashley to sell his stake.
In my own eyes this would be the biggest disaster to ever befall Newcastle United. Here we stand on the brink of new direction, new money and a new future and the dividends hound is still gamely clinging on. Any buyout from Shepherd would mean the club mortgaged to the hilt, with the debt still existing. So much for having the best interests of Newcastle United at heart… Here`s the text anyway:
Shepherd is already within touching distance of the 30 per cent threshold which would oblige him to make an offer to buy all other shares. And it's reported he can count on being able to purchase low-key ally Len Hatton's 3.88 per cent stake at any time. If Shepherd then approached United's institutional investors - who own around 22 per cent of the club - with an offer in excess of 100p per share, he would almost boost his holding to well over 50 per cent and leave Ashley himself with little choice but to sell up.
Join Vital Newcastle United
This website is your website and we are looking for people to help run the site. Do you go to most of the games and have an opinion? Why not write a match report? Perhaps you are a budding journalist or even just someone who is very opinionated? Well why not join our team? If this interests you please contact Vital Newcastle.
Date:Monday May 28 2007
Young Striker Nets Big Rewards (Tuesday October 28 2014)
Spurs v NUFC Pre-Match News (Sunday October 26 2014)
'Run Geordie Run' Around The World (Wednesday October 22 2014)
Sir Bobby Auction Update (Tuesday October 21 2014)
Are We For Real? (Tuesday October 21 2014)
Not Long For de Jong (Monday October 20 2014)
Aside From The PR (Sunday October 19 2014)
Ashley And The Modern Day Monopoly (Sunday October 19 2014)
Stats: Newcastle United v Leicester City (Sunday October 19 2014)
Probable NUFC Line Up (Friday October 17 2014)
|15. Aston Villa||9||3||1||5||-10||10|
|16. Crystal Palace||9||2||3||4||-3||9|
|17. Leicester City||9||2||3||4||-4||9|
|Aston Villa vs Tottenham Hotspur.
» Spurs : 01/11/2014 12:53:00
|Liverpool: Newcastle vs. LFC Team News
» Liverpool : 01/11/2014 11:49:00
|Match Day Moments - QPR (h)
» Chelsea : 01/11/2014 09:24:00
|Lawro v Mystic Mug - Villa v Spurs
» Aston Villa : 01/11/2014 08:44:00
|Gunners Aim at Burnley in No Man`s Land!
» Burnley : 01/11/2014 08:16:00