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
Oh The Irony Pardew (Friday August 1 2014)
Striker Due In But Not The One We Want (Friday August 1 2014)
Grenier Agent Stirs The Pot (Friday August 1 2014)
Pardew Calling Remy Bluff? (Friday August 1 2014)
Petty Pardew Needs To Lose The Ego (Friday August 1 2014)
Grenier Quotes Add Nothing To The Rumours (Friday August 1 2014)
5 Years Since Sir Bobby Left Us (Thursday July 31 2014)
Remy Back OnThe Agenda? (Monday July 28 2014)
NUFC Chasing The Wrong Targets* (Sunday July 27 2014)
The Usual (Sunday July 27 2014)
|10. Man City||0||0||0||0||0||0|
|11. Man Utd||0||0||0||0||0||0|
|Corinthians Striker On The Radar?
» Sunderland : 01/08/2014 23:18:00
|Oh The Irony Pardew
» Newcastle : 01/08/2014 22:54:00
|Striker Due In But Not The One We Want
» Newcastle : 01/08/2014 22:24:00
|Grenier Agent Stirs The Pot
» Newcastle : 01/08/2014 22:03:00
|Emirates Cup Preview
» Arsenal : 01/08/2014 19:32:00