Neil Farrington of the Sunday Sun is reporting today that Mike Ashley has huge plans to make Newcastle United one of the top clubs in Europe – within a short five years – in what Newcastle fans have been waiting to hear since the Kevin Keegan days.
It will cost Ashley about â‚¤133M to buy Newcastle and he has budgeted another â‚¤270M over the next five years to take us to the heights.
When you then add the $300M that’s being invested in the St. James Park expansion – with hotels and an increased capacity to 60,000 – that takes the investment in the club and grounds to an amazing â‚¤700M in the next 5 years – unbelievable.
What’s coming across is that Mike Ashley has huge ambitions for the club – with his â‚¤400M total investment in the club.
His goals are to win the Premiership in three years and be challenging for the European Champions league in five years.
Manager Sam Allardyce – while doing an excellent job with low or no transfer funds at Bolton – has to prove he is the man able to take Newcastle into the big time – and reports are that while Ashley has great respect for Sam – he is not yet convinced that Sam is the man to take all his investment and quickly develop Newcastle into a dominant force in football.
Certainly Big Sam has not been in this position before – but Ashley will provide â‚¤45M during the summer for Sam to revitalize the squad.
A source has told the Sunday Sun:
“Mike has huge respect for what Sam Allardyce achieved with limited resources at Bolton, but I can’t stress enough just how big he hopes – and expects – Newcastle to become,” a source told the Sunday Sun. “
Is Allardyce capable of taking the club not just up to the next level but into a whole different ballpark? That’s yet to be seen.
“Of course, Allardyce will have the chance to prove himself. But he won’t be allowed to hang around doing it. Mike wants big progress, fast.”
This couldn’t be better news for Newcastle fans – and shows just how big an entrepreneur like Ashley thinks (so that’s how he made his â‚¤2B) – it’s exactly what Newcastle fans want to hear.
Two things are certain now – the Newcastle United PLC will accept Mike’s offer for the club on Wednesday (given these huge plans for the club) – and Michael Owen is already at a club whose ambitions are at least as big as his over the next five years.
One thing we’ll have to do – is a better job than Chelsea – in keeping the spirit of the club unharmed by all this big money investment – but we’re sure we can.
Next week should be another interesting week for Newcastle fans – just like the last two – the story seems to get better and better.