Vital Football

Latest Newcastle United News

Shepherd`s stance

Shepherd`s stance

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

It's easy to register for Vital Newcastle United, simply click the link and enjoy getting involved (you can even win prizes!) To visit the Vital Newcastle United message board, click here.

Get involved

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.



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

Writer:Ross Molyneux
Date:Monday May 28 2007
Time: 9:33AM

Comments

0
oh jeez no. with you ross, fat freddie in total control spells disaster. time for fresh blood, not the continued problems.
Shearer#1
28/05/2007 14:13:00
0
We need that slate wiped clean. I think Ashley has decent intentions - you don't dump £55m down the drain.
BaldEagle
29/05/2007 12:24:00
Page 1/1
  1. 1

Login to post a comment

Best of International Football News

Recent Newcastle United Articles

Instant Reactions - Bournemouth v Newcastle (24/2/18)

Following today's clash between Bournemouth and Newcastle United, here are the instant reactions from both managers.

Stats: Bournemouth v Newcastle United

All the stats from Bournemouth (2) vs (2) Newcastle United, Dean Court, 24/2/18 Att: 10,808

One Transfer Deadline Was Never Enough Was It

You've got to love the football authorities, if transfer deadline days weren't ridiculous enough already - they've now begun to breed.

Rafa Praises Shelvey

Rafa Benitez spoke highly of Jonjo Shelvey today in his pre Bournemouth press conference.

Newcastle United Archived Articles

TOTT articles from

Site Journalists

TNMW
Editor email
Profile

Current Poll (see more polls)

Bournemouth MotM
Suggested By: Site Staff
Dubravka23%
Yedlin0%
Lascelles11%
Lejeune0%
Dummett11%
Ritchie33%
Shelvey0%
Diame0%
Kenedy0%
Perez0%
Gayle22%
Sub - Atsu0%
Sub - Hayden0%
Sub - Manquillo0%
ScoopDragon Premier League Network Sites
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Newcastle United Results (view all)

Newcastle United Fixtures

Vital Members League Table

RankNamePoints
1.Toon_NoMatterWot68
2.crooktownmags62
3.Mcnamee6736
4.keggy_keagal33
5.Rexn31
6.Harry's Boy26
7.PieMag24
8.markylad7422
9.Bruce6819
10.The Owl17
Vital Football Comment