There’s some strange news out this morning that comes from the Daily Mirror that Newcastle United (Mike Ashley) are believed to have banned former chairman Freddy Shepherd former vice-chairman Douglas Hall, from St James’ Park.
Mike Ashley is said to be involved in some business wrangle with the Shepherd family after his Â£133M purchase of the famous football club.
Mike Ashley – said to have banned Shepherd family and Hall from Newcastle United games
The business wrangle (we have no idea of what the specifics of this are) culminated in the Shepherd family not being allowed into their executive box for last week’s home game against Tottenham Hotspur. Apparently Freddy’s brother Bruce was turned away, and it is believed Hall, who lives in Spain, to avoid UK taxes (what a patriot!) is also not welcome.
Shepherd, who made as much as Â£37.65M out of selling his 28% stake in the club, always said he wanted to remain a supporter after bowing out as Chairman in August of this year. The Hall family held 41.6% of the shares, and made around Â£55M from selling to Mike Ashley in July.
This is rather strange but we do know there were some strange or non-standard business dealings that Shepherd and the board had been doing including spending the investment from Northern Rock before it was even into the clubâ€™s coffers.
The Daily Mirror quotes a ‘United insider’ as saying:
“Freddy was away, but Bruce wanted to use the box, as he usually would.”“But he was told by a club official that it had been closed off.”
“It meant Bruce could not get into his VIP seats, and he was not very impressed to say the least.”
We think it’s fair to say that Bruce Hall is not too well liked by the fans – because it looks to many of us that he was running Newcastle for his own selfish good. So if he wasn’t impressed that he couldn’t get into his VIP seat for the Tottenham game – hard luck!
But it would be nice to know what the source of the argument is.Â It’s probably got to do with the non-standard business practices Shepherd and the board seemed to engage in while running Newcastle United. Until we know specifically what the argument is, there’s not too much more we can add to this story.