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 Â£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.â€
“He certainly knows they are capable of raising the cash to put a very good offer to Mike Ashley.â€
“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.â€ “It is certainly a fascinating proposition for him but he is refusing to rush any decision.â€
“He wants to have a good think about it before giving any answer.”
Weâ€™re not sure Â£250M will be a big enough offer, because thatâ€™s what Michael, by his own admission, has already invested in the club. He bought the club for around Â£132M but since then has paid off the clubs debts, so something closer to Â£300M would be needed financially to tempt Mike. The debts were thought to be around Â£80M, so it’s good they have been paid off.
But we donâ€™t think Mike wants to sell
Since Mike bought the club, things have admittedly been very difficult, but thatâ€™s mostly been on the playing side, and theyâ€™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 â€“ and there is a good possibility that Shearer will join Kevin Keegan in the summer. Once Alanâ€™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 heâ€™s available.
So why would Ashley sell?
Interesting offer, but if we were Ashley, weâ€™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.