Former Newcastle United chairman Freddy Shepherd has told Sky Sports News he has already been approached by two consortiums interested in taking over at St James’ Park.
Freddy Shepherd – asked to front deal by two consortiums
Mike Ashley’s decision and statement that says he has heard the Newcastle fans clearly, and is now ready to put the club up for sale to a suitable buyer, has already alerted a number of consortiums who are interested in buying the club.
Mike Ashley bought a 93 per cent share of the club for £134.4million in May of 2007, but his ownership since then has been troubled at best, and the main problem seems to have been Mike’s inability to communicate sufficiently well with Newcastle’s huge fan base.
Freddy Shepherd has claimed that two separate consortiums with big money, have already approached him, although he will not be lending his name to their possible bids.
Freddy told Sky Sports News:
“There are people who would buy that club, there is no doubt about that,”
“I’ve been approached by two consortiums to add my name to it. I didn’t fancy adding my name to the consortiums that were offered to me, but there are always people who would buy the club.”
When asked whether he would be tempted to front an offer, and maybe even return to the club he was Chairman for over 10 years Shepherd said:
“One thing I’ve learnt is never say never.” “I’d take a bet we haven’t heard the last of Kevin Keegan. I would definitely bring Kevin back, he’s the right man for the job.”
“It’s entirely up to Mike Ashley. When I worked with Kevin he used to identify the players and put a value on them and we used to try and get the money to buy the players.”|
“We didn’t try to get involved in judging the player – it was left to Kevin.”
Shepherd continued and talked about the structure with a Recruitment team Mike put in place last January:
“Nobody wants to see what’s happened but I think the way the club has been structured has not worked for Newcastle.”
“It’s a fantastic club, it’s got everything there, a great training ground, as everybody said it’s got great fans and the team must be wondering what’s going on – it’s certainly affecting them.”
“I think the position needs to be calmed, it needs to be stabilized. There is far too much emotion running around.”
Not surprisingly Mike Ashley’s criticism of the financial situation at Newcastle, which he inherited upon buying the club, did not sit well with Shepherd:
“To get back to what he paid for the club, he got us for the right price. He couldn’t even build half the stadium for what he paid for that club. He got a great deal,”
“As far as the money is concerned I think he should take the advice he gave to Sports Direct shareholders: ‘Don’t be cry babies’.”
“He seems to be whining now about the money, well if I was a Sports Direct shareholder I’d be whining about the money as well. He should take his own advice. The debt he had to pay was if you like, the mortgage on the ground.”
It could be that things may happen quickly as far as a consortium buying the club, because we have been told a deal is well under way right now.
But we’ll just have to wait and see if it is true, but news should be out fairly soon, if indeed what we’ve been told has any truth to it.
We hope so, because the club needs to be stabilized quickly, and if that can be done then this season may not yet be lost.