Mike Ashley Unlikely To Sell Newcastle United

A piece of interesting news this morning in the News of the World who are reporting that a group of North East Businessman are putting together a £250M bid for Newcastle United and want Alan Shearer to join their effort and give them some support.


Ashley and Mort – good executive leadership of the club

Of course this is the NOTW, so we are not sure of the validity of the story, but it sounds interesting at least.

A Tyneside source close to the talks said:

“Alan has been contacted by a group who want to try and buy Newcastle. They’re from the North-East and he knows some of the people who are involved.”

“He certainly knows they are capable of raising the cash to put a very good offer to Mike Ashley.”

“What they want from Alan is not his money but his support, his blessing. The man is a living legend on Tyneside so to have him on board, even just as a figurehead for the bid, would be a massive boost.”

“It would also be welcomed by the fans who’d love to see Alan in some role at the club.” “It is certainly a fascinating proposition for him but he is refusing to rush any decision.”

“He wants to have a good think about it before giving any answer.”

We’re not sure £250M will be a big enough offer, because that’s what Michael, by his own admission, has already invested in the club. He bought the club for around £132M but since then has paid off the clubs debts, so something closer to £300M would be needed financially to tempt Mike. The debts were thought to be around £80M, so it’s good they have been paid off.

But we don’t think Mike wants to sell

Since Mike bought the club, things have admittedly been very difficult, but that’s mostly been on the playing side, and they’ve taken action on that by firing Big Sam and hiring Kevin Keegan.

They have also started to organize the club internally, for the first time in many years, and they have already stated their concentration on youth and brought in 5 top youngsters in January. The strategy they have and the vision they have for the club is first class.

We’ve not been struggling there, but on the pitch, where our results have been terrible. This is probably going to turn out to be our worst ever season, unless Keegan can turn things around dramatically.

As long as Newcastle can survive in the Premier League this season, things should be looking up – and there is a good possibility that Shearer will join Kevin Keegan in the summer. Once Alan’s current commitments loosen up a bit in the summer, we expect him to join Kevin as assistant manager. Until then Alan has agreed to coach the side when he’s available.

So why would Ashley sell?

Interesting offer, but if we were Ashley, we’d keep Newcastle for a good few years, and continue doing whatever is necessary to make the club successful again. Then the club will be worth big bucks, but most important for Newcastle fans and everybody at the club, success is what everyone craves.
Comments very welcome.

19 comments so far

  • UTD111

    Feb 17, 2008 at 10:53 AM

    Comment #1

    Totally agree that Mike Ashley is putting the club right and has the right business model. He also has the financial muscle to take the club forward – whereas if a few NE businessmen scraped the bobs together there’d be nowt left – then what? Borrow like Manure>
    Hang on – this was in the News of the World – fiction then – why are we even discussing it LOL

  • Ross

    Feb 17, 2008 at 10:56 AM

    Comment #2

    Utter shite. NOTW are nowt but a bunch of jackanory wankers with nothing better to write about.

  • A geordiedoonsooth

    Feb 17, 2008 at 10:56 AM

    Comment #3

    Typical load of B****cks by the NOTW Ashley would have to make a very big profit for him to even contemplate selling

  • Jeff

    Feb 17, 2008 at 10:57 AM

    Comment #4

    If there is any truth in it where would it leave us long term??? New owners with a manager who they didnt appoint,another easy why to get rid of keegan so where would the stability be…Would it mean another season next year just like the one we are having now??Load of rubbish I hope anyway..

  • George

    Feb 17, 2008 at 10:57 AM

    Comment #5

    £250million. No way.
    Lets face facts. NUFC are in a worse situation now than they were when MA paid for the club, so who would pay this amount of money for a sinking ship.
    Why was this consortium not there to have purchased at a cheaper price less than a year ago.
    Does not make sense.
    They want Alan Shearers support, now were have i heard that one before. Hasn`t he allegedly been behind another attempted takeover bid, like all else it came to nothing.
    No i think that the genuine NUFC fans will realise that this is another chance to take the pee out of us, especially as we are looking the drop in the face and have nothing to come back with.
    Unfortunately, MA and CM in trying to be professional running the club sadly appears to have backfired on us all again.
    God we cant even win a football game.

  • bri

    Feb 17, 2008 at 10:58 AM

    Comment #6

    Howmany times does MAs people have to keep coming out and saying he has no interest in selling the club. MA will back KK in the summer with huge funds and bring the good times back, why would he want to sell up and miss all that and be the toast of the toon army.

  • Bobby Ollox

    Feb 17, 2008 at 10:59 AM

    Comment #7

    I heard that MA, is also unlikely to sell his house, his car(s), his business. It is also very unlikely that he could be tempted into selling his kids even for a bid of around £300M. Rumour has it that he got a Simpsons Series 8 boxed DVD set for Christmas which he has become particularly attached to as well – it is unlikely that he would sell that either.

    Jeez, where does this stuff come from ?

  • Anon

    Feb 17, 2008 at 11:02 AM

    Comment #8

    Ashley has already spent 350m on the club, he said so himself…………
    so being the astute business man he is he will sell for 250m!!!!!!!!!!

    NOTW Morons.

    Ed, you are giving these stories credence by mentioning them on this blog.

    I would ban all talk and mention of NOTW, and stop selling their papers for them!!!!!!!!!!!!!!!!!!
    Anybody else with me on this?????

    BAN all talk and mention of “NEWS OF THE WORLD / NOTW”………..

  • Jim

    Feb 17, 2008 at 11:08 AM

    Comment #9

    I hope this is not a genuine news story. Just when we were stabilising from up and coming meladrama and seemed to have steadied the club.

    I never saw this story coming but it’s about the most unsettling I’ve heard yet.

    http://www.newsoftheworld.co.uk/1702_newcastle.shtml (should read 1702_newcastle.shitmail)

    “How to completely discredit a club in the final straw”… Where did this piece of Shakespearean drama get it’s information. By that I mean who are the News of the Worlds sources?

    The journalist is “Rob Beasley”. Here’s some interesting information about him, not least of which is Rafa Benitez publicly calling him a liar! He’s well known to the Anfield faithful.




    This is also the tit who reported this gem earlier in the year…
    “My contacts have told me there’s no way Sam Allardyce is about to be sacked.”
    His investigative journalism will soon get him a plum job at Reuters. Oh, he’s already employed by the…er, News of the World.

    Seems like it could be the Toon’s turn for a little cheeky cock-ney’s boredom and pay packet to turn to.

  • Leo*

    Feb 17, 2008 at 11:39 AM

    Comment #10

    typical from the news of the screws, they cant make this stuff up.

    it would be bad it mike ashley decided to sell because the newly set infrastructure would go with him, and all the good work behind the sceens to build from the bottom would go to waste.

  • Bill F

    Feb 17, 2008 at 11:43 AM

    Comment #11

    The story obviously is rubbish but the item that made me laugh was the bit where “Shearer will not be asked to put any money into it” just how much does he earn on MOTD that it should even be mentioned.

  • Zx

    Feb 17, 2008 at 11:55 AM

    Comment #12

    We are one of the top 20 richest club despite our past seasons of under-achievement, 250m falls way off the valuation. We are worth much more than that…MUCH MORE…

    Ashley has a vision for this club, 250m to buy a billionaire’s vision that is worth 3-4 times of that??

    Ashley will not sell, whether those news are rumours or facts.

  • Frank

    Feb 17, 2008 at 12:08 PM

    Comment #13

    They have to put a story in about us so the rag will sell. No game this week. Why on earth would MA sell the club when he’s just putting into place competent structures. This is a blatant attempt to unsettle the club. They seem to think anything with Shearer at the helm will make us slaver, NOTW man, scum journalists.

    One of them (NOTW journos) was on Talksport this morning, he honestly couldn’t string two sentences together, don’t know if it was a hangover or all night drinking, but that is the standard of this rag. Ignore.

  • Ian

    Feb 17, 2008 at 12:09 PM

    Comment #14

    He is a businessman, he will try and get the club into or near the top 6, then the merchandise sales etc and revenue form all sources will raise the value of the club, then we will have the danger he will sell, I cant see it before.

  • Andreas

    Feb 17, 2008 at 12:27 PM

    Comment #15

    George; “Lets face facts. NUFC are in a worse situation now than they were when MA paid for the club, so who would pay this amount of money for a sinking ship.”

    Are you serious with that statment? Last summer our debts were around £ 100 million, i.e. would not take much to bring us into a Leeds-situation. Today we’re the only debt free PL-club, i.e. a very good position.

    Aye, we have been crap on the pitch but the club is in a far better state then last year.

  • Sweardoon

    Feb 17, 2008 at 1:20 PM

    Comment #16

    Just divin’t bother looking or buying the News of the Screws, or for that matter, any other shitrag. By ‘shitrag’ I include all the press in this country. The crap from the backpages permeates right through to the front.

    *laments the Editorial in The Independent* How can it be Independent with an editorial! Hell, handcart, etcetera.

    Bottom line, stop paying attention to the the stirring, if it’s going to happen it’ll happen so let’s not get bogged down in specualtion and glorified opinion pieces.

    Oh, nice work Jim btw.

  • Hadrian

    Feb 17, 2008 at 2:40 PM

    Comment #17

    dont want millionares , SJH was right , football needs billionares if we ever want to break that champions league monopoly.

    these press dont shut up about us lovin alan at the club aswell do they , honest do any reporters actually research what they print? or just go off what there other press mates made up the week before and run with it like gospel .

  • DP

    Feb 17, 2008 at 4:49 PM

    Comment #18

    I personally would believe this story more if f***king JK Rowling herself had penned it in a Harry Potter book, Utter utter fiction. I’m in total support of banning any NOTW related articles, its just tripe…

  • Dunc

    Feb 17, 2008 at 8:25 PM

    Comment #19

    I stopped reading the filth printing papers a while ago now and I hope all other Newcastle fans will too.
    They will not be happy until they have knocked our club from pillar to post and upset everything and everybody that has anything to do with the club.

    I wouldn’t wipe my naughty little bottom on this story!!!!


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