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DUFF TO FULHAM

Championship Newcastle United
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Just saw it as breaking news on the Guardian webiste.

Damien Duff has moved form Newcastle Utd to Fulham.

More news to follow, but what do you guys think?

A good move for the club??

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posted Aug 20, 2009

I think Chelsea saw us coming when they sold him to us. They were prepared to take a 12,000,000 loss on the deal to get rid. Surely that tells you something..

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comment by ArmoAG (U11268117)

posted Aug 20, 2009

exactly.

Jose would never have got rid of him if he still had the same pace.

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posted Aug 20, 2009

I have a feeling that this article will still be going when Duff announces his retirement from football in 2012....

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comment by ArmoAG (U11268117)

posted Aug 20, 2009

overseasToon, you did some research on the profitable group's bid for NU- which was spot on andthey never had the cash to make a bid.

what do you think of this Moat guy's bid? Will get the 100m needed? does he really have backers from the US to spend on players?

thanks

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comment by U9388581

posted Aug 20, 2009

He'll fit in well at Fulham, a hard working player with some skill, not a "Star" but will do a job, he was never worth 75 k a week but that goes for half the crud we have had at Newcastle and some of the ones that remain.

We could if we ever get bought, replace him with a st/fwd pacey winger type for less money.

I think as a stand alone deal its good for both clubs, but looked at from Toon, we are getting very close to the bone; squad wise.

If some of the youngsters come through and play their hearts out, keep motivated and have even reasonable skill levels (We must assume they have or they wouldn't be here)then maybe they can turn it round in the way SAF was saved at Man U by their Academy boys coming through all those years ago. Not on the same level of course, but they are there, must be able to do the basics, so it just comes down to attitude, motivation and basic coaching. Head down over the ball, Take and Turn , all those basics that Martins forgot and Shola stoped doing.
Footballs not rocket science, and you see true genius so rarely that good basics and application can get you a long way.
How many times do you see a Berkamp turn or an Albert chip?
Keep it simples. keep em keen and oil and maintain the machine and we will do alright.
Aiming for the stars is when we will need 100 million plus, as can be seen by Everton, Aston Villa, Tottenham failing to crack the top 4. All good sides with decent budgets, but it hasn't been enough. I think Man City will prove that to get top 4 now you will need to buy your way in. The only ray of light for the rest is Wenger, who has spent nowhere near the rest but has still kept them up there, good for him.
With our squad size we will find it VERY hard to keep up over the 46 games, but if we can be there or thereabouts by the January window, and have the ownership sorted, 4 or 5 new bodies then may keep us in the mix.

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posted Aug 20, 2009

Hi ArmoAG,

I have looked into Moat and his businesses based on Company House records and annual company reports that have been filed in the last 3 years.

He has money but nowhere near enough to buy the club so if he's a viable option he has backing from others or discussions wouldn't have reached this stage.

The club statement said that Moat plus two other consortia were in discussions.

One of the consortia is the 410 Fans and I can't find anything about them at all for financial information. Overall I wouldn't be happy with them as it's an untried and untested model in the UK and I can't see where money for further investment can be raised in the short term.

The other bidder is an unnamed consortium.

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comment by ArmoAG (U11268117)

posted Aug 20, 2009

I think the main bidder is Moat (and his backers). that 410 Fans group dont have a chance according to papers today.

Lets hope Moat's backers are serious and the deal goes through by Sat.

thanks

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comment by U9388581

posted Aug 20, 2009

Overseastoon

looking at Shearer's earnings, inside footie and out, plus his, by WAG and Becks stds, modest lifestyle, I reckon AS to have a net worth north of 35 million, allowing for tax and average investment returns and the crunch.

Moat prob has the same but a lot of it is in his companies, which as they say can go up and down.

To successfully purchase NUFC needs a minimum in my mind of 200 million.
Closish to 100 for MA, 30 for o/d, 30 for 09/10 losses and 40 for working cap/purchases.

I doubt whether Moat/ Shearer will put up more than 25 between them, so thats external debt of 175.
Servicing that to the backers at a return of 7.5% is 13+ million, which a reasonably successful Toon can well afford, with a solid Toon being worth about 250m as a mid table ,poss europe challenging club.

Is that about how you see it?

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posted Aug 20, 2009

Moats businesses don't return (or at least haven't filed) massive returns in recent years. They are financially sound but couldn't be used as a cash supply.

I'd assume that he will only have put into play a fraction of the overall costs.

150 million would cover most costs to purchase and run the club for at least 12 months if no more players are sold.

I'm not including additional players in this evaluation though.

It's tight but acheivable.

I think the o/d and the Ashley soft loan are sticking points.

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comment by ArmoAG (U11268117)

posted Aug 20, 2009

thats right,

MA has never stated that the 125m that he pumped in to clear the club's debt is an intrest free loan (As it is in Chelsea's case) or he doesnt care and wants whatever he can get for the club ( ie 100 +player sales) so he counts that as a loss.

I hope its the latter.

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