No Suprise that Singapore Consortium Wants Newcastle

There is news this morning in the Sunday Express, that a Singapore consortium is on the verge of launching a fresh bid to buy Newcastle United from current owner Mike Ashley.  That doesn’t surprise us one little bit.


Mike Ashley – enjoying being a Newcastle fan far too much

But Newcastle owner Mike Ashley has insisted many times that he has no plans to sell the Premier League team, just  a short six months after buying it for £170M, but we cannot stop the papers from reporting this kind of stuff.

It wouldn’t surprise us at all if Newcastle United are in demand out there, because it is a good club, with tremendous fan support. But if Mike Ashley could make £30M now, just think how much the club could be worth in 3 years time, if his plans for the club materialize, which we expect them to.

Far better build the team up and have it be successful, that’s part of the excitement in buying the club in the first place. So while it could be true that £200M could be offered for Newcastle United, Mike Ashley is far too savvy a business man and enjoying being a Newcastle United supporter far too much to cash in.

No, we think Mike Ashley and Chris Mort are in this for the long term, which they have told anybody who will listen – and that’s good for them – and good for the Newcastle United supporters.

Mike made a great buy when he bought the club back in June, and we expect him to carry through on his plans to make it into a top club. That’s the excitement for Newcastle fans in the foreseeable future, and we don’t expect the club to change hands anytime soon.

There’s just far too much work to be done right now to make the club great again.    😀

Comments welcome.

15 comments so far

  • Indian toon

    Dec 9, 2007 at 1:26 PM

    Comment #1

    newcastle united is a gold mine waiting to be excavated..

  • JJ

    Dec 9, 2007 at 1:51 PM

    Comment #2

    Mike and Chris will go down in History as Saviours – the likes of KK.

    I’d love to see them here for the long haul and share the victory celebrations when they come.

    I always find it disrespectful when the national papers/media ignore the people that count and look to destable Newcastle. Is it only to sell stories or could it be ManU fans in these jobs still hurting and unable to understand Shearer’s reason to play for the toon.

  • Hadrian

    Dec 9, 2007 at 1:56 PM

    Comment #3

    would mike make 30 million? is that taking into account the money he put in to bring the debt down ?
    quite honestly id be gutted if we had a foreign owner , im really happy with mike , and i think he like’s us aswell so cant see him selling .

  • steve

    Dec 9, 2007 at 2:14 PM

    Comment #4

    @indiantoon – the gold mines already been excavated – the Halls and FFS walked away with millions in profits – why do you think Ashley had to fork out all those millions to cover our debt

    How much more TV money can clubs extract from Sky and the like, this is the goldmine that will eventually dry up and if we aren’t in a stable financial position we’ll go to the wall along with half the football league.

    Don’t expect Ashley to spend big in Jan or any other month for that matter –

    Weren’t that consortium bnuying Brum a few weeks back but couldn’t raise the cash – this story is bollocks and Ed should stop reporting on such cr@p

  • t-g-w

    Dec 9, 2007 at 2:26 PM

    Comment #5

    Does 30 million really muean that mugh to a man who is worth 1.9 billion? What a load of rubbish.

  • i

    Dec 9, 2007 at 3:51 PM

    Comment #6

    Absolutely no surprise there is people wanting to buy the club given its fan base and its potential for growth abroad along with the fun aspect of running a football club.

    Anyway there is a lot of wishful thinking in the press and you can basically put it down to two things:

    1. ‘Human envy,’ They would hate Mike Ashley having more fun and making another success of his life. This is what you have to put up with if you are successful in any walk of life; he has a lot in common with successful players here.

    2. ‘Supporter envy,’ We all have it. We hate the success momentum of clubs with similar local fan bases to us, the likes of Liverpool for instance. It would crush these journalists to see a competent Mike Ashley make a success on the pitch and off the pitch with Newcastle United. Were we grow around the world. It would hurt if he was successful in his Newcastle United project. A successful Newcastle means it would be harder for the club they support to win trophies, be it they support Man Utd, or Fulham. Wouldn’t it just hurt if Mike Ashley and Chris Mort steer us to our first Champions League trophy?

    However what makes all this funny to me is the simple common sense element that debunks them and shows a simple logical fault they obviously haven’t asked themselves and thus cant yet can’t see it, thus makes you realise you can laugh at their ‘hearsay’:

    ‘The Art of Business negotiations’

    If you have just bought a business and apparently you immediately want rid of it DOESN’T THAT HIT THE ASKING PRICE. IT HITS THE VALUE IMMENSELY. How the hell did these journos not see that he, hehe, when they brand out this immediate 30million profit. Which is peanuts to a billionaire.

    As if Mike Ashley would tell the world right now he wanted rid of the club, if say he did want rid.

    One thing I know is if he was keen on selling ‘so soon after purchase’ and say I had the money I wouldn’t go for his 200million asking price.

    They have no feel for business negotiation and that is the proof needed that this is ‘hearsay.’

    It is simple, when Mike Ashley bought the club he entered a contract to build the club up in the medium term at least. He is here building the house for at least 4seasons.

  • scott 9

    Dec 9, 2007 at 4:04 PM

    Comment #7

    for F**K sake im fed up of all the takeover talk i wish the papers would just shut up and stop making things up if we taken over its a disaster waiting to happen in my opinion

  • yh

    Dec 9, 2007 at 5:02 PM

    Comment #8

    What consortium?
    I live in Singapore (and have all my life) and I haven’t heard any news about a takeover.
    Of course, we’re not exactly popular over here. Not like it matters.


  • SGToon

    Dec 9, 2007 at 5:07 PM

    Comment #9

    Hey ya ED……

    Wow!! major news…..I’m from Singapore and even I did not hear anything about it…..

    Hmmmm…..wonder who could that be?? To tell yer the truth guys….Newcastle’s ain’t that big here as compared to the ‘other Big 4’…hahahaha

    I think its the journos shitting up again. If there is anything about a Singaporean consortium takeover…we’ll be the first to know cos we’re just an island……and I’m sure will tell you guys about it.

    are you sure they are not mistaken us for Chinese or from Hong Kong..and for the record Singapore is nowhere near China…we’re in the South East….

  • Leo

    Dec 9, 2007 at 5:23 PM

    Comment #10

    from when i have visited singapore i think we are quite popular and well know, all the taxi drivers knew our club and our players, obviously especially alan shearer.

  • JohnST

    Dec 9, 2007 at 5:24 PM

    Comment #11

    If the purpose is to inject fresh funds, it doesn’t really matter whether the funds are from Singapore, Thailand or the Middle East. It will be a different case if they they try to impose themselves on the team affairs.

    So far Manchester City has benefited from Thaksin’s ownership but in the case of Newcastle, it is still early days to comment on the rumors.

  • Tom_Toon

    Dec 9, 2007 at 7:20 PM

    Comment #12

    I was hoping fo an arab takeover is anything but a asian one will do.

  • Gareth

    Dec 9, 2007 at 10:20 PM

    Comment #13

    Interestingly on the Express website there is no journalist name attached to the story… possibly because it actually had an author…

  • Len

    Dec 10, 2007 at 5:06 AM

    Comment #14

    Singapore radio all Singapore consortium this morning but no names. Probably a rumour started late last night in one of the clubs. We should pray Ashley doesnt sell.

  • Steve

    Dec 10, 2007 at 9:07 AM

    Comment #15

    Lies… It’s all lies…


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