Newcastle chairman Shepherd reveals £227M American takeover

• ghimpheng

  20 Dec 06, 20:18

  tribalfooball.com - December 20, 2006
  
  Freddy Shepherd, the Newcastle United chairman, has confirmed that an American-Swiss consortium are in talks about a £227million takeover.
  
  The revelation came during Newcastle brief annual meeting in London on Tuesday, says the Daily Mail.
  
  Former Newcastle chairman Sir John Hall and his family, who are the clubs biggest shareholders, are thought to be keen to sell to collect about £40m in the deal. But Shepherd, who owns a 26.7 per cent share, remains reluctant to hand over control of the club, unless it is at the right price.
  
  Polygon and UBS are on the verge of scuppering a bid by Jersey-based investors Belgravia, who have already studied Newcastle books during a period of due diligence.
  
  yet other takeover ?
• dragg

  20 Dec 06, 20:19

  i hope the deal goes through.
  
  knn, shepherd is hopeless.
• ghimpheng

  20 Dec 06, 20:20

  dragg you support which club ???
  
  u seems to support none but i remember you were once a chelsea fan i suppose
• lpx88

  20 Dec 06, 21:00

  Originally posted by dragg:

  i hope the deal goes through.
  
  knn, shepherd is hopeless.

  X2
• dragg

  20 Dec 06, 21:15

  Originally posted by ghimpheng:

  dragg you support which club ???
  
  u seems to support none but i remember you were once a chelsea fan i suppose

  i was never a chelsea fan.
  
  i dont support any club.
  
  
• iveco

  20 Dec 06, 21:18

  So many clubs in takeover deals?
  
  Much as I don't like this phenomenon, it may benefit struggling clubs.
• ghimpheng

  21 Dec 06, 05:49

  it does and it will benifit the FA and EPL the Most
  
  England will also become stronger as a result of this investment into epl clubs as this epl clubs will also use it on their academy and training facilities
• dragg

  21 Dec 06, 06:33

  Originally posted by iveco:

  So many clubs in takeover deals?
  
  Much as I don't like this phenomenon, it may benefit struggling clubs.

  the problem is they are buying only the big/bigger clubs.
  
  
• lpx88

  21 Dec 06, 09:38

  Originally posted by ghimpheng:

  it does and it will benifit the FA and EPL the Most
  
  England will also become stronger as a result of this investment into epl clubs as this epl clubs will also use it on their academy and training facilities

  U sure they'll use it on their academy?maybe part of it...but More like they'll use it more on buyin talented foreign players
• dinky1409

  21 Dec 06, 11:54

  Ugly scene the EPL is becoming.. Full of foreign investors..
• bryanseb

  21 Dec 06, 11:57

  EPL too ugly with takeovers thing.
• JusStatic

  21 Dec 06, 20:13

  Originally posted by ghimpheng:

  it does and it will benifit the FA and EPL the Most
  
  England will also become stronger as a result of this investment into epl clubs as this epl clubs will also use it on their academy and training facilities

  I am not sure about the youth academy and traning facilities thingy, but I do know that there will be more influx of foreign players.
  
  Yes English clubs will be stronger with talented foreigners coming in, but british youths might suffer as a result.