Newcastle Worth So Much More in a Few Years


Newcastle United chairman Chris Mort moved yesterday to reject even more reports that Mike Ashley is considering selling his stake in the club. Mike is far too business savvy to even contemplate that.

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Mike Ashley – in his business attire at St. James’ Park

But it must be about the 5th time Chris has said that Mike Ashley bought Newcastle United to develop the club into one of the best in Europe, and everything we’ve seen so far is consistent with that goal.

However, reports over the weekend suggested a Singapore-based consortium was lining up a move to buy-out Ashley’s stake in the club. That doesn’t surprise us that businesses are looking to buy Newcastle United, because it’s simply a very attractive club with phenomenal fan support, and Mike Ashley made a very good business deal in June.

Chris Mort has again rubbished the rumors and says Mike Ashley remains committed to Newcastle United:

“It’s just not true that Mike is looking to sell Newcastle. End of story,” “He has taken them [businesses] under his wing and developed them over a period of years.”

“That’s what we talk about doing at Newcastle.”

But that will not stop these rumors from emerging to fill the gossip papers. Mike was savvy enough to buy the club at the right time, and in three or four years time, heaven knows how much the club will be worth. But we know it will be so much more than it’s worth now – that’s for sure.

Comments very welcome.



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5 comments so far

  • Glenn

    Dec 10, 2007 at 10:25 AM

    Comment #1

    The lazy hack who penned this poor story didn’t take into account that Ashley recently reduced the club’s debt by £45m. So if he sold the club for £200m after buying it for £170m, he would make a £15m loss not a £30m profit.

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  • Willowtoon

    Dec 10, 2007 at 10:34 AM

    Comment #2

    Glenn

    He bought for 133 + the debt restructure takes it about 170M.

    What makes me laugh is that fact the press state we are not a big club due to our not winnign a cup for years yet they give more time and space across the board than any other club outside the top 4

    They print these stories as they know the readership are interested in Newcastle therefore admitting we are a big club.

    Mike is having way too much fun. This is a hobby for him and he will only sell if he needs to raise funds against his main business, however with 1.9B of personal wealth thats way off and this will be a very profitable business for him as well as giving him years of joy.

    The future is bright – Its black and White

    Come on the tooooooooooooooooooooon

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  • George

    Dec 10, 2007 at 10:40 AM

    Comment #3

    One thing i will say about Ashley & Mort, they are very quick to knock rumours on the head. This for me is great as we NUFC fans are very fickle about rumours and our team.
    This is actually the fourth time a rumour of selling has come up since MA took control, but like the other rumours you look at the rag that prints it and you then realise that it is more than likely crap again.

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  • Micky Toon

    Dec 10, 2007 at 1:19 PM

    Comment #4

    @willowtoon. Unfortunately I have a different take on why we are always in the papers. We are an easy target. There is nearly always something going on at NUFC that the papers can print. This was especially true of the Shepheard days. NUFC is looked upon as more of a soap opera than a football club. We are basically a laughing stock. Far too many high profile signings that have come unstuck, and Shepheards love of being in the limelight have done the current board and staff no favours. The actions of the plebs who were shown on Sky Sports at the Liverpool game baying for Sam’s blood also do us no favours. Let’s face it there is always some scandal or other going on at NUFC and our current league position and style of play makes the off the field shenanigans more interesting to the tabloids than anything we produce on i t.

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  • Leo

    Dec 10, 2007 at 3:40 PM

    Comment #5

    yeah good point, if we are not a big club, simply because we havent won a cup in such a long time, does that mean that england are a small team because they havent won anything since 1966

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