There has been continued talk in the papers that Mike Ashley will sell Newcastle United at the right price and that price is rising â€“ probably every month.
Mike got the club at a very reasonable price of â‚¤133M and with Chris Mort installed as the new chairman has gone about getting Newcastle financially ship-shape in terms of already decreasing the â‚¤80M debt down to â‚¤50M.
The two are doing a good job at Newcastle and other investors are probably realizing that Newcastle United could be an excellent long term buy. That’s one reason Ashley is a good businessman – he got in first.
Newcastle Owner Mike Ashley – Newcastle being put in good financial position for the long term
Chairman Chris Mort has also just got Albert Luque off the books. While we think Albert is a good player and will do well at his new club, Ajax, he wouldn’t have got many games this season on Tyne-side and so it’s a good deal all around. Newcastle have removed Albert’s â‚¤60K/week wages off the Newcastle wage bill, an excellent move financially for a fringe player.
The reclusive Ashley has insisted he isn’t looking for a quick sale, despite being linked with interest from consortiums in both China and Iceland and another potentially in America. Ashley paid â‚¤133M for the club but Newcastle United could probably be sold for a lot more now, there’s little doubt about that.
With the good start Ashley and Mort have made, not to mention the great work of new manager Sam Allardyce, it’s not surprising that Newcastle may be seen as a good buy. But Ashley is no fool and he knows a good deal when he sees one. Newcastle can be worth a lot more in 3-4 years time when they are challenging for the Premiership and back in Europe again.
So while these stories of buy-outs may keep coming up in the press we would be well advised to take them with a large pinch of salt. Just to bolster the case we make – Sam said today:
“I’ve done such a great job in the short time I’ve been here that it appears the value of the club has soared.â€
â€œBut no, Mike (Ashley) and Chris Mort, the chairman, tell me it’s nonsense.”
“As far as I’m concerned, and I’ve been talking to both of them, it’s just speculation and there’s a lot of that about.”
There’s little doubt that Big Sam is the right man for the job at Newcastle and we’re sure he’ll bring success to the club at long last. A good win today at Middlesbrough will be a big help in that.