Barry Moat banking on Barclays' approval

By Mark Douglas on Aug 17, 09 09:39 AM in Journalists

PROSPECTIVE Newcastle United owner Barry Moat hopes to get the green light from Barclays Bank by Wednesday for the loan which will enable him to end Mike Ashley's disastrous stewardship.

The Journal understands that Moat expects to hear a decision by the middle of the week, setting in motion a chain of events which will surely determine whether United can maintain their sterling start to the Championship season.

Moat sat alongside Ashley in the director's box at St James's Park on Saturday in a move designed to show the undecided financial institutions that both men are on good terms.

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