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.
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 weâ€™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 doesnâ€™t surprise us that businesses are looking to buy Newcastle United, because itâ€™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 itâ€™s worth now â€“ thatâ€™s for sure.
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