This is a discussion on Shepherd in £60m Newcastle offer within the European Sports forums, part of the Sports Forums category; ...
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Former Newcastle chairman Freddy Shepherd is heading a consortium that is set to launch a £60m takeover bid for the Magpies, BBC Sport understands.
Alan Shearer has been lined up to carry on as manager at the club, who were relegated to the Championship in May.
Owner Mike Ashley was asking for £100m but BBC Sport understands Shepherd's offer is likely to be accepted.
Shepherd sold his Newcastle shares to current owner Mike Ashley two years ago as part of a £134m deal for the club.
Ashley's total investment in the club is estimated at £244m, which includes paying off debts and buying new players.
When Ashley first put the club up for sale last September, he hoped to get around £300m.
To view links or images in this forum your post count must be 20 or greater. You currently have 0 posts. Down to £60m now and I can see Ashley taking it.
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As much as I despise the theiving geordie, Shepherd in now is far better than this farce continuing any more. If we don't get this sorted in the next two weeks we are in serious jeopardy of having an abysmal start, and potentially going through the trapdoor again.
Championship is a horrible, horrible division with a lot of journeymen, just try to watch a random midweek match.
Can't.Stop.Laughing To view links or images in this forum your post count must be 20 or greater. You currently have 0 posts.
First relegation then the hideous away kit and now this, its all so good To view links or images in this forum your post count must be 20 or greater. You currently have 0 posts.
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Quote:
Originally Posted by James Deuce in the Shoutbox
11/20/2009 02:55 - So much false hope you have
11/20/2009 02:55 - Ill be loling at you while watching us own you
11/20/2009 02:55 - I cant wait for this game