« previous next »
Pages: [1]   Go Down

Author Topic: Fat Freddy agree's to sell up  (Read 420 times)

Offline chopperchittar

  • Legend
  • *****
  • Posts: 1,669
  • Fellas, I'm ready to get up and do my thing
Fat Freddy agree's to sell up
« on: June 7, 2007, 07:46:30 AM »
Ashley to take over Newcastle Utd
Mike Ashley
Ashley purchased the Hall family's stake for £55m
Billionaire businessman Mike Ashley is set to take control of Newcastle United after chairman Freddy Shepherd agreed to sell his 28% stake in the club.

Mr Ashley, who runs the Sportsworld chain and Lillywhites, is to pay £37.6m for the shares - a move that values the club at £131m.

Last month his company, St James Holdings, bought 41.6% of the club's shares from Sir John Hall's family.

The Newcastle board has urged other shareholders to sell to Mr Ashley.

Mr Shepherd, who is expected to stay on at the club in some capacity, said that Mr Ashley and his company would be "excellent custodians of Newcastle United's heritage and will provide the best opportunity for the club to flourish in the future, to the benefit of the company and its fans".

http://news.bbc.co.uk/1/hi/business/6729215.stm

Logged
fit as a butchers dog!

Offline nidgemo

  • RAWK Supporter
  • Legend
  • *****
  • Posts: 20,860
  • Semper in excremento, sole profundum qui variat.
Re: Fat Freddy agree's to sell up
« Reply #1 on: June 7, 2007, 08:45:42 AM »
The geordies will be over the moon. This is one day they actually might not look so mental if 40,000 of them turn up at St. James's to welcome a new person to the club.
Logged
I'm no longer on RAWK, but if you need to contact me about anything, you can email me on nigelmorrison@connectfree.co.uk

Offline chopperchittar

  • Legend
  • *****
  • Posts: 1,669
  • Fellas, I'm ready to get up and do my thing
Re: Fat Freddy agree's to sell up
« Reply #2 on: June 7, 2007, 08:51:06 AM »
  Just heard on SSN that Fat Freddy will be staying on at the club, as the Chairman. So all you Geordies don't start celebrating just yet!
Logged
fit as a butchers dog!

Offline nidgemo

  • RAWK Supporter
  • Legend
  • *****
  • Posts: 20,860
  • Semper in excremento, sole profundum qui variat.
Re: Fat Freddy agree's to sell up
« Reply #3 on: June 7, 2007, 09:11:40 AM »
Quote from: chopperchittar on June  7, 2007, 08:51:06 AM
  Just heard on SSN that Fat Freddy will be staying on at the club, as the Chairman. So all you Geordies don't start celebrating just yet!

It's like finding £1 and losing £5
Logged
I'm no longer on RAWK, but if you need to contact me about anything, you can email me on nigelmorrison@connectfree.co.uk

Offline rocco

  • RAWK Supporter
  • Legend
  • *****
  • Posts: 23,280
  • Kop made me proud to be a Red.
Re: Fat Freddy agree's to sell up
« Reply #4 on: June 7, 2007, 09:20:50 AM »
Think David Dein will be drafted in soon ?
Logged
THE KING IS BACK

SOS No.1406

Offline Something Else

  • that car's fine lookin' man (clearly insured with confused.com)
  • RAWK Supporter
  • Legend
  • *****
  • Posts: 32,938
  • Bazinga
Re: Fat Freddy agree's to sell up
« Reply #5 on: June 7, 2007, 09:21:49 AM »
Logged

Offline Black and White Paul

  • RAWK Supporter
  • Legend
  • *****
  • Posts: 10,841
Re: Fat Freddy agree's to sell up
« Reply #6 on: June 7, 2007, 01:07:18 PM »
Quote from: nidgemo 3.11 on June  7, 2007, 08:45:42 AM
The geordies will be over the moon. This is one day they actually might not look so mental if 40,000 of them turn up at St. James's to welcome a new person to the club.
Or wave bye bye to Freddie.
Logged

Offline Immoral King Brian Blessed

  • RAWK Supporter
  • Legend
  • *****
  • Posts: 31,443
Re: Fat Freddy agree's to sell up
« Reply #7 on: June 7, 2007, 01:43:39 PM »
Quote from: Black and White Paul on June  7, 2007, 01:07:18 PM
Or wave bye bye to Freddie.

He's staying on.

Logged

Offline Black and White Paul

  • RAWK Supporter
  • Legend
  • *****
  • Posts: 10,841
Re: Fat Freddy agree's to sell up
« Reply #8 on: June 7, 2007, 02:16:05 PM »
Quote from: RedFerLife on June  7, 2007, 01:43:39 PM
He's staying on.


I wouldn't bet on that.

I don't think Mike Ashley became a Billionaire by employing bumbling idiots.
Logged

Offline Karl_from_Plaistow

  • Main Stander
  • **
  • Posts: 202
Re: Fat Freddy agree's to sell up
« Reply #9 on: June 7, 2007, 02:21:18 PM »
Suppose its more than likely Newcastle will be kitted out in Lonsdale gear next season as Ashley's the owner.
« Last Edit: June 7, 2007, 02:23:03 PM by Karl_from_Plastow »
Logged
Pages: [1]   Go Up
« previous next »