Source: Telegraph
Newcastle United still courting Barry Moat as deal nears
Telegraph Sport understands that negotiations between Moat and Ashley, first disclosed here, are at an advanced stage and a deal could be closed next week. [LNB]The two sides are understood to be close to agreeing a price - Ashley is seeking £100 million - and Moat's finance is thought to be in place. [LNB] Related ArticlesMaradona helps NewcastleHughton relishing Newcastle challengeNewcastle 1 Sheff Wed 0Duff savours Fulham stabilityMoat in talks to take over NewcastleSport on televisionWith the end of the transfer window looming Moat has been working towards a deal this week, and held crucial talks with the club's banker Barclays. [LNB]Newcastle currently rely on a £40 million facility from the bank to operate day-to-day, and Barclays would like to see it reduced as part of the deal. [LNB]Reducing the wage bill is a priority and the likely departure of three more players from Premier League wages in the coming days, including Stephen Taylor, may ease the bank's concerns. [LNB]Significantly Newcastle managing director Derek Llambias has acknowledged for the first time that a deal is close. Having repeatedly talked down Moat's prospects he said on Thursday the deal was "there or thereabouts". [LNB]If Moat is successful Alan Shearer will be installed as manager and will attempt to adjust the squad before the transfer window closes. [LNB]
