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Ash and the cash almost in

Finally, after a week of counter takeover rumours and worry, there seems to be some genuine movement in the corridor`s of power at SJP following a meeting between Mike Ashley and the club. Ashley is also believed to have visited Shepherd in hospital, where his health isn`t particularly clever, so much so that it has actually become something in our favour. The Guardian speculates that Shepherd`s health has become such that he is now considering walking away with the £40m in his trouser pockets. The club released a statement yesterday, merely stating:

"Further to the announcement by Newcastle United PLC on 25 May 2007, the board of Newcastle United announces that there was a meeting with Mike Ashley and his team earlier today at which there was a useful and constructive discussion. The board will now consider its response to the offer from St James Holdings Limited. A further announcement will be made in due course.'

Little more is known, other than the fact Ashley is just about in a position of majority control. Hopefully there will be some Stock Exchange movement early next week with this one as the uncertainty seems to be hampering our ability to spend in the transfer market.

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The Journalist

Writer: Ross Molyneux Mail feedback, articles or suggestions

Date:Friday June 1 2007

Time: 9:11AM

Your Comments

So long streetfighter, hello prizefighter.
SirLes
Fred's a lame duck now. He should go now with what little dignity he has left.
Roy4Triggs
Really delighted with this one.
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