Is Mike Ashley Planning U Turn With Newcastle?

There is mounting evidence that if Mike Ashley cannot manage to sell the Newcastle club within a couple of weeks, he may be forced to retain ownership of the club, and then what?

Mike Ashley – may not be able to sell club?

As we have reported there are two US bidders still left, and we understand one is doing due diligence on the club’s books, but we have no idea how much they want to pay for the club, and rumors have it they are only willing to pay around £225M, and not the £245M, that will recuperate the money Ashley has pumped into the club.

But if for some reason both Americans pull out of the deal, or don’t want to pay the asking price, Ashley will be forced into Plan B, and will need to listen to interim manager Joe Kinnear’s plan to rebuild the squad.

Apparently Kinnear has already told Dennis Wise he wants another central defender, a full-back and a powerful midfielder, but it debatable how we will get those players in, and whether we will need to sell first.

We are worried that the Newcastle Board Members are now starting to show up at Newcastle, with Dennis Wise and chief scout Jeff Vetere, making surprise visits to St James’ Park last week, and Derek Llambias appearing in the Director’s box yesterday.

Even if the sale is delayed until January, it seems certain that Newcastle may still need to bring some players into the squad. At the very least it is because we need to keep our Premier league status, and with just a single point from our last two games against Fulham and Wigan, that is again becoming doubtful.

Before these last 2 games we were confident Joe Kinnear could continue to right the ship, but these last two performances have hardly lifted the Newcastle faithful. But the last thing we want this season is to be in yet another fight with relegation.

The outcome Newcastle fans hope for is that one of the US bidders buys the club, before January, and appoints a permanent manager.

Then the new manager can meet with Dennis Wise and possibly Joe Kinnear, to pinpoint exactly who they want to bring in to strengthen the squad. But even that is not a terrific scenario, because the new manager will know nothing about the squad he has inherited.

Oh well, we are still hoping for the best to come out of this mess – and we thought things were always in turmoil under Freddy Shepherd.  🙁

66 comments so far

  • Leo

    Nov 16, 2008 at 11:57 AM

    Comment #1

    been saying it all along he is not going to sell. so bloody obvious its painful

  • AndrewNUFC

    Nov 16, 2008 at 12:04 PM

    Comment #2

    If we were gunna sell it would have happend now or we would have had some good news. First we got told it would be sold mid October then Chritmas now hopefully it will be before Jan.

    I really do fear for us this season.

  • Matt

    Nov 16, 2008 at 12:07 PM

    Comment #3

    Ashley isn’t such a bad owner. The problem is the structure, always has been. Arsenal operate and make a profit from less finiancial input each year than Ashley was prepared to put in.

    Don’t even compare him to Shepherd.

  • 51times

    Nov 16, 2008 at 12:14 PM

    Comment #4

    Get rid of Wise or change his job and I guess it could work. It’s not like we’ll have much choice if he can’t sell the club.

  • Daniel

    Nov 16, 2008 at 12:17 PM

    Comment #5

    MA wouldn’t have employed someone AND be undergoing due dilligence if he didn’t want to sell the club. The market is crashing, that’s the problem. To say he is ‘planning a U turn’ is wrong, he’s perhaps preparing for the worst case scenario that he keeps the club, is it so bad that he is preparing? Should he not think about selling the club ’till he can’t and it’s then already too late. Well it’d keep fans happy apparently…


    Nov 16, 2008 at 12:20 PM

    Comment #6

    matt,i would have to disagree,he hasn,t been a good owner so far.
    my main problems with him are his lack of commitment to invest in the first team,but also since he has been at the helm there has been no stability whatsoever.
    every week there were stories of him selling etc,he should have come out and spoke to the fans face to face,instead all we got was a new magazine which you had to pay for outlining his plans.
    i personally think he was never going to sell hence the high asking price,putting off potential bidders.
    it has all been a ruse to buy time and for things to settle down.
    with wise,llambias,vetere etc showing their faces,it isn,t looking good.
    i think if everyone is honest we knew this was going to be the outcome,ashley is looming like a parasitic spectre over our club,it could take a hell of a lot to shift him.

  • Nobby'sDad

    Nov 16, 2008 at 12:43 PM

    Comment #7

    Leo…been saying it all along he is not going to sell. so bloody obvious its painful

    What!! If the guy didn’t want to sell he wouldn’t be touting the club around the Middle East like he did. Knowing what we know now I think it was for sale from the day he bought it.

    Owen will be off and we could well go down. He’ll not spend money in Jan to cover for anyone who leaves. If Ashley stays I’m cancelling my Feb direct debit for my 3 season tickets and everyone around where I sit feels the same. He’s simply got to go. IMO there is NO way back for him

  • Punk Skunk

    Nov 16, 2008 at 12:43 PM

    Comment #8


  • Punk Skunk

    Nov 16, 2008 at 12:45 PM

    Comment #9

    Maybe the real question is: Does anyone wanna buy?..

  • sirjasontoon

    Nov 16, 2008 at 12:49 PM

    Comment #10

    In answer to the title
    Relegation maybe?

  • Isaac Hunt

    Nov 16, 2008 at 12:59 PM

    Comment #11

    The only way he will sell cheaply is if he is skink. He won’t be skint as long as charvers are buying stuff made by his Lonsdale, Kangol, Karrimor, Slasenger companies. He also has shares in Adidas and Blacks/Millets.

  • Stamford Toon

    Nov 16, 2008 at 1:00 PM

    Comment #12

    Matt; MA’s lack of commitment to invest in the club? What about the £245 million it cost? It may be nothing to you but to most of us that is a heck of a lot of money. A ruse to buy time? How much do you think he has had to spend on trying to sell the club? Do you really think he would go to all that trouble if he was not trying to sell. He would not need to go to such lengths. As for Wise and Llambias well they are damned if they do and damned if they don’t. You will slag them if if they don’t show an interst and then slag them off if they do. Like many others you cannot see any good in any of them and you are always looking for that hidden agenda that will satisfy your views. What a shame you cannot give your opinions a more factual base and that you have become so twisted. You say if we were honest we new this would be the outcome. Lets face it nobody knows what the outcome will be.
    My hope is that the outcome will be what is best for the club long term, and that may well be with the possible lack of a credible buyer that MA retains the ownership of the club. I don’t think that would be the disaster that you make out it would be. An English owner, a proven succesfull business man, a supporter who liked to bring his family to the matches, and, unlike any other owner, wanting to join the fans on the terraces.
    Yes I think he made some mistakes with personell (including bringing back KK) but as owner he is entitled to do it ‘his way’. I have no doubt that any of you, given the same opportunity, would have made mistakes.
    The world, and in particular the football world (and nufc supporters) wants instant success and gratification. Lasting happiness and success is not made in instant packages that can be bought off the shelf. New owners, no matter how rich, are no guarantee of anything permanent or good.


    Nov 16, 2008 at 1:08 PM

    Comment #13

    stamford,ashley should have done his due dilligence instead of buying the club on a whim.
    he would have then known about the debt,and maybe decided not to buy.
    that was his first mistake,but i take your point on it cost him a lot of money.
    if mike ashley is not willing to invest in first team how do we progress?
    do you not also think the mess we are in is down to him?

  • Matthew Tom

    Nov 16, 2008 at 1:12 PM

    Comment #14

    In these times when no one knows what to invest in, I’d have thought a premiership football club isn’t the worst idea for someone with some spare money. Solid TV revenues, maybe a drop off in merchandise for a bit, but basically you can make decent money out of football.

    As for the prospect of Ashley and Wise staying, it may be a case of needs must. I agree (for the first time in history) with 51times, in that if Dennis Wise’s job is changed – presumably so he can’t overrule the manager on senior transfers and sticks to scouting for young talent – then he may have something useful to add.

  • Ganiyu

    Nov 16, 2008 at 1:31 PM

    Comment #15

    Who is the powerful mid fielder and defender

  • boater

    Nov 16, 2008 at 1:43 PM

    Comment #16

    THE BEAT – The mess we are in now is down to a certain curly haired gent from Doncaster called Joseph Kevin Keegan. The second culprit in line is the moron fans that acted like a brainless lynch mob to bring down the infrastructure which – hell – might just have paved the way to the success that they have craved for so long.

    Oh no…. forgive me – the REAL culprit is Wise who…..erm, erm, erm oh yeah signed Xisco – who isn’t urm very good even though he’s played erm…. 5 times for us.

  • ObaMartins

    Nov 16, 2008 at 1:44 PM

    Comment #17

    If Ashley comes back its Only what we deserve as it should of been Boycott from Day One,As i said from the start this Club is only going one way with that Gang in charge of US….Hello Championship >>>Michael needs to get OUT of Toon also as Ashley is not a person worth playing for.

  • KK FOREVER (Ross)

    Nov 16, 2008 at 1:45 PM

    Comment #18

    Ganiyu-it really doesnt matter, like Joe said, we’re shopping from the championship, they wont be any improvement on what we already have. I doubt we’ll get anyone in if im honest.
    God knows what will happen if the club isnt sold, Kinnear will probably get it full time on a 20 mil a year budget, and we’ll go on with a billionaire owner to yet another 5 years of mid table football.

  • boater

    Nov 16, 2008 at 1:50 PM

    Comment #19

    And another thing….. Ashley’s Newcastle CV thus far..

    Ashley bought the club, invested in it significantly to alleviate debt, sacked a universally unpopular – ridiculously appointed in the first place – manager. Brought in the fan’s favourite ‘fairytale’ choice as the replacement.
    Recognised that KK was a man-manager kind of leader and so installed a modern scouting system, which would help us be competitive at the RIGHT end of the transfer market – the talented youth.
    He then begged KK to stay – offered renewed power and still was the subject of a mass backlash from supporters – to the extent that he didn’t feel as though he was able to return to the stadium….
    he gave way to their demands and put the club up for sale… and STILL he is the villain….

  • james L

    Nov 16, 2008 at 2:00 PM

    Comment #20

    mike ashley can stay if he sacks wise or makes wise the manager off the under youth squad, nothing else.
    mike ashley can stay if he publicly apoligises to keegan.
    mike ashley can stay if he gives kinear 20 million at least to spend in january, and at least 15 million for every transfer window after that.

    and only then can we can start to forgive him and he can get back into the crowd watching the toon not only as the owner but as a supporter.

    meet those demands MA and ill back you.


    Nov 16, 2008 at 2:06 PM

    Comment #21

    this is the man who bought the club without due dilligence= first mistake.
    neither backed or sacked sam allardyce=second mistake.
    brought in a certain curly haired doncaster fellow knowing his history=third mistake.
    employed an unworkable structure that has been proved dos not work in this country,spurs man enough to point this out.=fourth mistake.
    see a pattern forming?

  • cause I got the girth

    Nov 16, 2008 at 2:20 PM

    Comment #22

    invest in some players, and i bet the vast majority of people wouldnt even give a damn!!!

  • AndrewNUFC

    Nov 16, 2008 at 2:23 PM

    Comment #23

    I dont give a damn about the youth team to be fair. Ashley seems like he wanted to get the best youth at our club-fair enough do that after we get the best talent for the first team.

  • Mrs.Miggins

    Nov 16, 2008 at 2:31 PM

    Comment #24

    Whilst sitting down to Match of the Day over my Sunday porridge, it dawned on me that we are in danger of the drop. The house parrot, Billy-Whistle-John agreed with me when I passed on this assertion, as did the village idiot, Jim.
    After much thought I sat down and planned a Christmas boos-up at the local work station. Then I got down to work on planning our chances of league survival and whether we’ll get relegated or not also. I formulated a complex formula on a document form outlining what form and what tactical formations will save us, with the band The Forms in the background to calm my neck muscles, whilst watching the other week’s Formula 1 finale. I produced the following shocking assertions:

    1. Wake up and smell the toffee! We’re half way through the league campaign already. I hear you ask how. Well Jim, were have six matches against the top four remaining, so rule them out as ziltch-o points-o.
    2. 19 games remaining and following the well written saying of “forty points or the drop, if not then you’re for the chop” we need 27 points. Using a calculator I found that we’ll need an average 1.42 per game for survival. This is not possible after 2 points for a win was abolished so we should go by the rough assertion of at least a win ever two matches. Very difficult in the current economic climate

    3. We’re in deep sh*t

    4. See abvove

    5. See no.1

    6. If you’ve got to this point take a breather and a snack

    7. There is light at the end of the funnel so don’t panic. It may take less than four points for survival and although there isn’t another Derby this season, there could be as many as three teams involved in the scrap this season. Onwards and up I say.

    P.S Information may not be accurate, was distracted by constant whistling from house parrot and grumbling from the Village idiot.

  • The Entertainers

    Nov 16, 2008 at 2:35 PM

    Comment #25

    I cant comprehend Ashley sticking around.

    I was one of Ashley’s biggest supporters in the early days.

    However too much water has passed under the bridge and never in my life time have i seen us in such a situation and i place at least 50 % of the blame squarely on Mikes shoulders!

    Of course others have assisted in the clubs downfall:
    The media
    The players
    and yes the fans.

    As much as i love Keegan i no longer would want him back. So if that my feelings on an individual i respect and admire, then i cant contemplate having Ashley in charge, an individual i have very little time for!

  • Nobby'sDad

    Nov 16, 2008 at 2:44 PM

    Comment #26

    boater……MA buys a club for £140 million with a fantastic stadium and support. Then complains it has debt of £90 + million. WHAT!! did he think he was getting a club like ours for £140 million??

    He doesn’t back the then manager (BSA) who then states he has to buy 2nd class players due to the delay in MA giving any cash.BSA was after some great players (Diarra) but wasn’t backed. Next transfer window – KK is in. He, and we know we need pace/creativity and a left back (among a few other things). What does MA and his team do…oh yes sells one of our better young players because…’s was a good deal.

    MA and his team can bring in all the ‘great prospects’ he wants they won’t secure our premiership status. I’m a season ticket holder so watch live…….believe me we are in DEEP trouble. Chelsea and M’bro away next….they will both beat us…then big physical Stoke at home. The future is grim….for God sake WAKE UP TO IT!!!

  • Daniel

    Nov 16, 2008 at 3:04 PM

    Comment #27

    THE BEAT. // Nov 16, 2008 at 14:06

    this is the man who bought the club without due dilligence= first mistake.
    neither backed or sacked sam allardyce=second mistake.
    brought in a certain curly haired doncaster fellow knowing his history=third mistake.
    employed an unworkable structure that has been proved dos not work in this country,spurs man enough to point this out.=fourth mistake.
    see a pattern forming?
    He backed Allardyce till he was doing badly, the exact same thing happens in the majority of ‘unsuccessful’ clubs who are taken over. Keegan was a phenomenal risk, that didn’t pay off unfortunately.

    The structure is NOT unworkable. I couldn’t give a damn what any of the media says. The airs the same over here as it is in Spain. It CAN work if the right people are brought in, it does have huge advantages and disadvantages, people haven’t given it a real chance. Its working at Stoke as they have an understanding. Tottenhams problem was they had players who couldn’t understand the manager speaking and players who didn’t want to be there.

    I agree he shouldn’t have bought the club without due diligence, however nobody could have predicted how bad Newcastles finances were. Businesses shouldn’t be run as it was, we wouldn’t be in existance if it wasn’t for MA.

  • Daniel

    Nov 16, 2008 at 3:07 PM

    Comment #28

    @Nobby, the future is dim. But at least we now have a future. Newcastle isn’t a great buy, there are far better value for money clubs out there, why buy Newcastle at 250m when you can get Everton for significantly lower, or even better, Portsmouth for like 40m.

  • ObaMartins

    Nov 16, 2008 at 3:10 PM

    Comment #29

    Ashley is bringing this Club Down, its been a laughing stock since his Takeover….Get your heads from up ya Ass

  • Daniel

    Nov 16, 2008 at 3:14 PM

    Comment #30

    ObaMartins // Nov 16, 2008 at 15:10

    Ashley is bringing this Club Down, its been a laughing stock since his Takeover….Get your heads from up ya Ass

    We were a laughing stock BEFORE Ashley came.

  • Terry Mac's Crossword

    Nov 16, 2008 at 3:14 PM

    Comment #31

    I’ll bet my house that Mike actually visits this site.

    Personally speaking i’ve no problem with him staying. There are alot of good things to be taken from his initial crack at owning the club.

    I was worried when Keegan came back. I love the guy but i think that was one of the major mistakes that’s been made.

  • Sav

    Nov 16, 2008 at 3:23 PM

    Comment #32

    If the sale were to go through, both Keegan and Shearer (2 most tipped to take over as manager) would know who to sell and who to buy.
    But I don’t see the sale as particularly likely. Our stock is falling weekly so no investor is in any rush.
    Sale of Given and Owen in Jan makes exactly the same sense as the sale of Milner did (ie. the money’s too good to refuse) so I think they will happen as well. Ashley has nothing to lose if he wants to strip the squad of heavy earners now.

    I never had a problem with Wise, just he shouldn’t have been put in charge of transfer decisions. But that is Ashley’s fault, not Wise’s.
    With Jimenez gone, chances are we will not be so preoccupied with Spanish transfers.

    I cannot reconcile those who blame Keegan more than Ashley. But Keegan’s teams always hit the ground running, especially at SJP. The lack-lustre starts in our past 3 games would not have been tolerated. Good luck to JFK. I wish him well but once the sale does go through, I don’t think he’s the man for the job.

  • hitman

    Nov 16, 2008 at 3:29 PM

    Comment #33

    after noon lads…,wheres A-hOle the day……ashley has taken us fans as mugs…..sell ya fat tw@t


    Nov 16, 2008 at 3:56 PM

    Comment #34

    i still think that is the main reason we are knacked,he bought without due dilligence.
    i think he probably had a good wedge to spend on players,but when he cleared the debts there was nothing left.
    this mistake has made it a miserable time for the fans,ashley has to carry the can for that alone.
    this is more than a football club,it,s peoples lives your messing about with.
    john hall told ashley you,re buying more than a club,but has since treated the fans with contempt.

  • UTD111

    Nov 16, 2008 at 3:58 PM

    Comment #35

    Freddie Shepherd was a saint compared with this lot.
    Dennis Wise has caused trouble wherever he has gone as a player and as a “manager”.
    Ashley knew nowt about football yet decided to bring in a system which meant that a twot like Dennis Wise was telling a man of Keegan’s experience and stature which players he could have.
    The 50,000 fans who frequent the ground, myself included, knew we needed a left back. Kevin Keegan knew we needed a left back. The final straw for Kevin came when the dwarf assured him that the Milner deal was part of a bigger deal to give him what he wanted. The dwarf lied – Kevin’s position was untenable having given his personal assurance to the fans.

    All you Ashley lovers – fine, but don’t try to rewrite history.

  • hitman

    Nov 16, 2008 at 4:04 PM

    Comment #36

    UTD111 spot on son

  • Little Willie

    Nov 16, 2008 at 4:19 PM

    Comment #37

    Rumours kicking around that Shearer will be the next boss with Alan Beenshill buying a stake in the club and coming in as chairman.

  • Geordie Jayne

    Nov 16, 2008 at 5:10 PM

    Comment #38

    UTD111 – hitman – I agree with you both totally.

    Keegan is not here anymore, Denis Wise, Lamb-i-arse and Cashley are – We are the in the mess NOW not because of Keegan, because of those three and the lact of investment.

    Cashley got a bloody bargain with NUFC and he stuffed it up good and proper.

    In any other business that was doing this bad the top men would be out on their arse full stop.

    Yet those two blundering idiots are still there.

    When we are relegated and that is a massive possibility where will the Cashley supporters be then.


    Nov 16, 2008 at 5:58 PM

    Comment #39

    Soh ! here we are in deep s**t and yet there are those so blinded by personal dislike or missplaced loyalty , they cant accept reality.
    Its encouraging to read there are contributers who believe not all blame can be placed on Ashley and his management team.
    That we the fans bear a certain amount of blame.
    That KK is not blameless.
    If you doubt it look at the last ten years and count the number of managers who have been hounded out of toon, by whom, we the fans.
    Unless JFK gets the club on a winning streak (unlikely) I can sense the mob warming up to
    make him the latest goat.
    I can`t see anyone investing the enormous amount of capital in purchasing a football team during these present economic conditions, in which case MA may be around for the forseeable future.
    I would like to see a change of ownership, hopefully it would clear up the present stalemate
    and present a new and positive direction.
    But in order for that to happen we need a period of stability, a clean sweep of the present board,
    The carefull choice of both a new board and management team, consisting of competent football people and certainly some reinforcements on the pitch .

  • hitman

    Nov 16, 2008 at 6:16 PM

    Comment #40

    willie,where you here that like…


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