Newcastle give Moat an extension

Tyneside businessman Barry Moat has been given extra time to come up with the financial backing to buy out Newcastle owner Mike Ashley.

Newcastle give Moat an extension

Tyneside businessman Barry Moat has been given extra time to come up with the financial backing to buy out Newcastle owner Mike Ashley.

In a development which surprised few this morning, the Magpies announced that Moat has been given an extension to allow him time to persuade Barclays Bank that he is able to service the club’s existing £39m overdraft facility.

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