The news that broke yesterday that two Icelandic businessmen Jon Asgeir Johannesson and Palmi Haraldsson are trying to buy Newcastle United has been unsettling to Newcastle fans, to say the least.
We have no idea why Ashley, after buying the club at a very reasonable price of â‚¤133M, would sell after only two months of ownership.
Well, that’s not exactly true because he could sell if a group came along and offered him a lot more than what he paid for Newcastle.
Mike Ashley – bought Newcastle United two months ago
But that should only make Ashley more determined to make Newcastle a great club again because if someone is willing to pay big money now â€“ just think what Newcastle could be worth in 3 years time when we should be a lot more successful. We always thought that was Ashley’s motivation in buying Newcastle United.
Ashley will lose credibility with Newcastle fans and the public if he is using Newcastle to make a quick buck. That’s the last thing we want to happen to the club but we know this stuff happens in business but trust Ashley is in this for the long haul. We do understand that Ashley is attempting to restructure the debt and being advised by his bankers Kaupthing on various options. Maybe one option is to get some investment from outside for a portion of the club with Ashley still retaining the majority level of ownership.
Chris Mort, since he’s been installed as the new chairman has looked good in the job and said all the right things. We think he can make a very good chairman to support the hard driving Sam Allardyce. Chris has already said that Mike has bought the club for the long term and everything we see suggests that’s true as he pointed out recently:
“The plan is to develop [the club] over a lengthy period of time, not turn things around quickly and sell it on again.”
“We are here for the long term.”
Of course this kind of news doesn’t help Sam Allardyce one little bit but we expect these rumors may be coming about because Ashley is looking at restructuring the debt and various financial plays are being discussed. We would hope that selling th club is not one of them.