Wednesday, June 10, 2009

Llambias denies Profitable Group interest

Derek Llambias has come out today to deny the rumoured interest of Profitable Group.

Steve McMahon - Is he or is he not?

In the article featured in The Journal, Derek Llambias has said that Newcastle are in discussions with three or four groups, but the Profitable Group (what a name) is not one of them.

“We know who this Profitable group are because we had some dealings with them last summer regarding some business in the Far East, but there has been no contact since. We have never spoken to the Profitable Group about the sale of Newcastle United since we put the club up for sale.

“They have claimed they have met Mike and myself to discuss things and they haven’t.

“There are three or four interested parties who we are talking to but these aren’t one of them.”

Llambias further added:

"Anyone who starts shouting from the rooftops about their intentions should set the alarm bells ringing. Talks with three groups who want to remain anonymous for now are ongoing. They don’t want to be known just yet. That is how we are trying to do business. That is the proper way to do it, not by talking through the media.”

We do hope that Llambias, for once, is telling the truth, and not leading us on like he has always done. The worst case situation right now would be for Llambias to issue such a statement in order to drum up interest for NUFC such that the highest bidder wins.

There is a lot of distrust between the fans and the board, and as inactivity continues here at NUFC, we do hope that negotiations resolve so that we will be able to start clearing out the deadwood at our club and prepare for the new season ahead.

Stay tuned for the latest on the soap opera that Cashley has created here at nufc-fanzine. Comments welcome.

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