Post by Golden_Boy™ on Nov 13, 2006 14:13:00 GMT -1
Shepherd targets full-blown £90M Newcastle takeover
Newcastle United chairman Freddy Shepherd is planning a total takeover of the club.
The Daily Mail says Shepherd wants to end the 15-year reign of the Hall family with a buy-out of the �90 million club.
Shepherd has faced bitter calls for his resignation from Toon fans angry at the club's slump to the foot of the Premiership.
But, far from relinquishing power, Shepherd wants to take over the majority shareholding of Sir John Hall and his son, Douglas, and assume sole control of the club.
With the club likely to be valued at �90m, he would have to pay around �37m for Sir John's 29 per cent share-holding and his son's 12 per cent.
