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Post Info TOPIC: Newcastle FC - The Soap Opera


The Dark Admin

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Newcastle FC - The Soap Opera
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From the Beeb

 

Informal discussions have taken place over the potential sale of Newcastle to American investors.

It is understood representatives of owner Mike Ashley have met counterparts from New York-based private equity fund InterMedia Partners.

A report claimed Ashley named a price of £420m - about £286m more than he paid for the club a year ago.

Sources in America confirmed that the US company held initial talks, but Newcastle have not commented.

 

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Former chairman Freddy Shepherd had already fought off a series of potential takeover bids when Ashley made his move last summer, eventually securing a £134.4m takeover.

He has since ploughed around £100m into the club to address the debt situation he inherited and to strengthen the squad.

Ashley has now embarked upon a economy drive in an attempt to slash transfer expenditure and a spiralling wage bill.



-- Edited by Darth Mattitude at 08:53, 2008-09-07

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The Dark Admin

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Well in the latest in a long line of diasters for Newcastle, after Keegan walked out/resigned this week, the board have now turned on the former legend, now thats how to get the fans back onside... (From the BBC)

Newcastle United have issued an extraordinary statement in response to claims by Kevin Keegan that club interference provoked his resignation.

Keegan stepped down as manager on Thursday after stating he had no control over transfer dealings.

"It is a fact Keegan was allowed to manage his duties without any interference," read the statement.

"It is a fact he agreed not to talk to the media in relation to the acquisition or disposal of players."

Protests by supporters followed Keegan's departure, with some laying the blame on owner Mike Ashley and executive director for football Dennis Wise, who is believed to be largely responsible for transfer dealings.

The statement, issued on the club website late on Saturday, stressed that Keegan was aware of his role within the club when he was appointed.

"It is a fact that Kevin Keegan worked within that structure from 16th January 2008 until his resignation," added the statement.

"It is a fact that Kevin Keegan, as manager, had specific duties in that he was responsible for the training, coaching, selection and motivation of the team."

Reports suggested that Keegan was upset about the £12m sale of James Milner to Aston Villa, a player it seemed he wanted to keep, and strong rumours that the whole squad was up for sale during transfer deadline day.

"It is a fact that NUFC is a business and operates, like all businesses, with financial constraints," the statement continued.

"It is a fact that NUFC's financial constraints inform its transfer dealings.

"The board of NUFC have responsibility to ensure that the club is able to meet its commitments which include the wages and the transfer fees for players."

Newcastle are now in the hunt for a new manager, although former Newcastle boss Sir Bobby Robson believes "no manager worth his salt" would want to take the reins at St James' Park under the current structure.

"The breakdown between the different job titles has left Newcastle in disarray and it is time for Ashley to sort it out," the 75-year-old told the Mail on Sunday.

"The owner or chairman is the most important person at a football club, the manager is second and everyone else third.

"If a director of football does not have the blessing of the manager, it does not work."

Keegan stated in his resignation note, on the League Managers' Association website, that it was his belief managers "must have the right to manage" and must have the final say on any incoming players.

Those comments could have been made in response to the arrivals of Spaniards Xisco and Nacho Gonzalez on transfer deadline day, who were believed to have been brought to the club by Wise and vice-president Tony Jimenez.

"You cannot imagine managers Sir Alex Ferguson, Arsene Wenger or Rafa Benitez being handed players they did not know anything about," added Robson.

"And no manager worth his salt is going to take the Newcastle job with the current set-up."


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Movie Executive Producer

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Newcastle has been a mess for a long time.A club with fans that rank themselves as the best in europe and that their team is one of,if not,the biggest in the country deserving of success instantly despite not winning any major trophy for many many years.Cant imagine which manager will sign up for the job,since theyll probably get the boot in several months time.

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Makoto Ogawa = Honto Kawaii ^-^
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