The Newcastle United Board of Directors know no more about Mike Ashley’s offer for Newcastle than they did when it was announced last week and though there is a board meeting this Wednesday it is being reported that Mike Ashley is not scheduled to meet yet with the board.
This is not a good situation and apparently while the board are interested in hearing more of what Ashley has planned – it is understood by Paul Gilder of the Journal – that no date has yet been set for the meeting.
What does this mean?
It probably means that Mike Ashley is keen to hear what the board will say at tomorrow’s board meeting – which we understand is still on.
We would hope that some communication – official or otherwise – would be issued to give us some clue as to what Freddie Shepherd – who holds 29.8% share in Newcastle – is thinking – and at least what his short term plans are.
As we all know Freddie has said he would relinquish control if a good offer for Newcastle United ever came in. Well, from what has been leaked by Mike Ashley’s people – this offer is more than good – it is incredible.
Freddy’s share is also more than people realize. The Newcastle United club is valued at about â‚¤133M by the offer – and since Shepherd owns 29.8% of that – he will be pocketing close to â‚¤40M – not a bad pay check for Freddy for his participation at Newcastle.
It’s time to go Freddy.
Freddie Shepherd has now had 10 years at the helm of Newcastle United and it’s been a miserable time for Newcastle’s loyal and passionate supporters during that time. Indeed – except for the reign of the great Sir Bobby Robson – there’s been little success.
Freddy Shepherd after Hearing of the Takeover Last Week
Shepherd has brought in a bunch of managers – with only Bobby Robson being successful.
When Shepherd started as Chairman on December 1st 1997 – the club started to go downhill (we were 2nd at the end of the 1996-1997 when Keagan resigned and Dalglish was hired in January 1997.)
We finished 14th in 1998 – had a poor start to the following season and then Ruud Gullit was brought in to much fanfare. A year later Ruud Gullit was sacked after the Shearer fiasco – and Bobby Robson was then brought in.
Since Bobby was sacked in August 2004, we’ve had Souness, Roeder and now Big Sam Allardyce.
Sam Allardyce is looking like a very good acquisition for Newcastle – but until this mess is sorted out – Sam will be unsure exactly what is going on – and how much money he has to spend – and who his boss will be.
There’s only one man can end this uncertainty at the club – and that is Freddy Shepherd.
If he really does have any love for the Newcastle United club (which we’re sure he does) then although it will be painful for him – he must sell his shares – get his â‚¤40M and announce he is going and going quickly.
Show some class Freddy – now is the time to leave Newcastle.