With the keen interest there has obviously been in buying Newcastle United, over the last year, we wouldn’t be at all surprised if there is renewed interest in a consortium negotiating with Mike Ashley to buy the club.
Anil Ambani – I’ve come to save you Newcastle fans!
Picture St. James’ Park in background
And of course that consortium could immediately get the full backing of the Newcastle faithful, by promising to bring back Kevin Keegan to manage the club, and also ensure that Kevin will have full control over who comes in and who leaves in terms of the players. It would also help to give Kevin a nice wage.
It would also be good if Kevin had some transfer money to spend, since Ashley gave Kevin but £2M to spend during the summer, once you take into account all the outgoing players and the money we got for them.
There is a good article in The Times today that Reliance Communications, the Indian-based telecoms giant, will now seek formal talks with the Newcastle United Board with a view to a £220M takeover.
The Times also says that Anil Ambani, the owner of Reliance, has already identified Keegan as the only credible managerial candidate that can move the club forward.
He’s right there, and one reason the Newcastle fans are so upset at the complete mismanagement of the club, was the definite signs that Newcastle were starting to play the magical football they were known for, under Kevin during the 1990s.
There have been two wonderful games already that Newcastle have played in this season, starting with the tit for tat game against Man United, where Newcastle were not afraid to attack the European Champions, at least after the first 20 minutes, when we were over-run.
And the game against Coventry was a classic, where Newcastle looked fabulous in the first half before Coventry scored their first goal just before half time. But that game was magic as far as entertainment goes, even if it was a little hard on the nerves for the Newcastle faithful.
There is definite hope that Albani, who was first linked with a buyout of Newcastle last month, will come back in with a bid, and maybe the bid will be improved over the last time. This is certainly now a window of opportunity for someone to buy the club off Ashley, with the fans completely disillusioned with Ashley’s management of the club.
Ashley paid £130M for Newcastle in July 2007 and immediately wiped out debts estimated at £80M, and if you add another 20M for miscellaneous items he’s paid around £230M, so if someone bid closer to £300M, he may take it.
And that would be a good price because if Kevin is restored to take over the reins again, and has Newcastle in the top four within a couple of seasons, which is possible with sufficient investment in players, the club will be worth a lot more than that.
Sources close to Albani say that he is ready to revive interest in his favorite Premier League club, with Keegan at the center of an ambitious public-relations policy, which we think would work.
The world’s sixth-richest man boasts a fortune of £21B and it is understood that Keegan, could be persuaded to return for a third term at St James’ Park, and Albani would hand Kevin some transfer money, which the club has not been given under Ashley, although he has cleaned up the finances of the club significantly, to be fair.
Right now there is an opportunity the ploy would work, because it’s hard to think of a scenario where Mike Ashley would be welcomed back to Newcastle, with reports of him celebrating in a night club, as Keegan requested a face to face meeting with him. We don’t know if those reports in the Mail about the partying are true, but those rumors certainly don’t help.
Mike should know now that the situation he has created at Newcastle is almost untenable, and he has disgraced the club and the name of Newcastle United.
The sooner we can get a resolution on this the better, because it doesn’t look like Mike has any plans to actually tell the Newcastle fans just exactly what is going on, and he has proved, at least to most fans, that he isn’t fit to own our club.