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Toon chief in move to meet fans

Toon managing director Derek Llambias has asked for a meeting with the fans group plotting a takeover. But the Newcastle United Supporters ’ Trust (NUST) is set to turn down the request until they have raised the funds for a buyout.

The Chronicle has learned Mr Llambias reached out to NUST within an hour of the launch of its Yes We Can campaign on Tuesday. He asked for representatives to meet him before United ’s game with Preston North End at St James’ Park on Monday November 23.

But the Trust says it is not yet in a position to hold talks.

Interim chair Neil Mitchell said: “Any negotiations conducted on behalf of the Yes We Can campaign will be conducted with the full knowledge of our potential investors and the fans in general.

“We see no benefit in meeting with Mr Ashley or his representatives until the campaign has fully got under way.

“The idea of the campaign is to bring trust and integrity back to the club, reflecting the values of the city as a whole.

“It will be conducted in the full glare of publicity I am sure and we want to ensure that our people, including investors and potential investors, know what is going on. Deals in smoke-filled rooms won’t be part of our negotiations.

“Our negotiations will be up-front and we will keep the public informed of any developments at all stages of the process.”

The Yes We Can campaign was kicked-off earlier this week, with 40,000 emails sent out to supporters across the world.

Over the course of six weeks, details of investors being lined up to support the bid will be revealed.

A high profile advertising campaign is under way and a special shop unit will be opened for fans to drop-in and find out more.

NUST plans to raise enough cash to buy-out Mike Ashley.

Money can be pledged directly or through pension funds being unlocked.

The plan is to run the club in the style of Barcelona, with a president elected by fans for a set term.

The takeover plan has been described as the “Ultimate Protest”, with supporters sick of the turmoil at St James’ Park.

Organisers say they have a financial target in mind but are not declaring it.

It is also claimed there are a string of business figures who have expressed an interest in investing on the basis fans themselves contribute a certain amount.

Their identities are also being protected at this stage but it is understood the list does not include Barry Moat, who had been rumoured to be lining-up a buyout in recent months.

After launching the campaign, expressions of interest flooded in from all corners of the globe, including Australia and Ghana.

Yes We Can launched amid anger from the Toon Army over Mike Ashley’s decision to re-name St James’ Park, incorporating the name of his own sports company.

A series of roadshows are also planned to explain to people what the drive is all about.

The next planned event is on November 19 at 7.30pm at the Blacksmith’s Arms, 200 High Street, Gosforth.

The minimum donation for fans to have a stake in the club is £1,500.

However, if they cannot afford that, donations can be made and will be included in stakes bought by the Trust as a whole.

A team of 27 Independent Financial Advisers (IFA) are also working to inform their customers of the potential for taking part in the takeover plan.

 

 

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