Consortium in £90m bid to buy Newcastle and keep Shearer as boss

05 June 2009 23:26
A consortium made up of wealthy local businessmen, and backed by Middle East investors, has asked for due diligence on Newcastle United, and they are hoping to put together a £90 million package to buy out Mike Ashley.[LNB]The group, who have already spoken to Alan Shearer, wants the former captain as their manager and are prepared to meet his £3million-a-year wage demands.[LNB]Shearer has gone to Portugal for a short break. He still wants to be manager despite not hearing back from owner Ashley yesterday as expected. [LNB][LNB] In the money: Alan Shearer would have his £3m a year wage demand met[LNB]The former England striker had hoped that yesterday would bring newsfrom Ashley that the banks had agreed to the necessary funding toenable the owner to appoint him as manager even though the club is upfor sale.[LNB]Sportsmail understands the hold up is due to delays in the buy-outand Ashley's reluctance to hand over control at a cut price afterfailing to secure a £300 millionsale last year. Yesterday's deadline passed without any update and,even when Shearer returns on Monday, there may still be no news.[LNB]Any frustration Shearer is experiencing is being well-hidden but ifanother week drags by then the 38-year-old is bound to be concerned atthe delays.[LNB]Meanwhile, Jose Enrique is set to leave Newcastle and join AtleticoMadrid during the summer. Enrique said he was happy to stay at StJames' Park despite seeingthe club suffer relegation from the Barclays Premier League last season.[LNB]The Spanish defender still has three-years left on his deal, butAtletico are set to make a £4m offer as they seek a replacement forMariano Pernia, who is set to leave the club.[LNB]Enrique, 23, was a regular in the Newcastle team last season, butwill be tempted to play top flight football next season and is poisedto make a move back to Spain.[LNB] Banished Barton vows to stay with Newcastle and battle back to the big timeBruce's bonus was never Newcastle - Sunderland has everything he's ever wantedNEWCASTLE FC

Source: Daily_Mail