Mike Ashley May Keep Newcastle United

Mike Ashley has admitted he may be forced to keep Newcastle United beyond the end of the season – and may even stay on permanently.


Mike Ashley – may keep Newcastle United Football Club

Mike has made a genuine attempt to sell the club, during probably the very worst time he could have chosen, with the worldwide credit crunch in full swing.

But it seems that Mike may have had a change of heart and only recently said he had one fantastic year at a fantastic club.

It now appears with Joe Kinnear in place and managing Newcastle very well indeed, both on and off the field, things are looking up just a little for the club and the fans.

Ashley bought the club for £134M last year, and has since said he has invested a further £110M into the club to reduce the debt load, which was far too large.

Mike has been talking to lots of newspapers recently, and he was interviewed by the Financial Times yesterday, following the surprisingly good semi-annual results of his company,  Sports Direct International.

Mike Ashley expects to maintain his ownership of Newcastle United beyond the end of the football season, because he just cannot find a buyer willing to pay his £250m asking price. That price will cover his investment in the club.

Mike was asked further about Newcastle United and he revealed he sometimes goes a little crazy when watching Newcastle games:

“I love Joe Kinnear, the current manager.”

“You know, even if I have to watch it on Sky Sports at home and send the kids out.”

“I have the doors locked and have the telly on full blast – I still love it jumping up and down at the telly screaming.”

Sounds like Mike is a daft Newcastle United fan, like the rest of us.   😀

Mike Ashley’s bankers, Seymour Pierce, had been aiming to complete the Newcastle United sale by the end of this year, but they were not able to get one viable bid – but Mike still has the famous North-East club up for sale.

The founder and owner of Sports Direct also said yesterday that he expected his company to prosper from the recent travails of  JJB Sports, their main sports retail chain competitor.

Mike told the Financial Times about Sports Direct International:

“We will take market share – this is our time,”

Mike’s comments were delivered after Sports Direct reported a 3% rise in  profits for the 26 weeks ended October 26th, and the results lifted the shares 8 per cent.

Comments welcome – but please keep them decent – and with respect for other readers’ views – thanks.

114 comments so far

  • Norn Iron Magpie

    Dec 18, 2008 at 5:51 PM

    Comment #1

    Knew this would happen. Things have calmed down a bit so he wants to stay.

  • caiha

    Dec 18, 2008 at 5:52 PM

    Comment #2

    Sometimes you have to forget arguments and just get on with it, it would be best for the club.
    and I don’t think there is any chance of him selling it any time soon, so we should just live with him, and accept him.

    He is building for the future, with the impressive youth side, so lets stick with him, unless a better prospect comes forward.

  • Rem

    Dec 18, 2008 at 5:53 PM

    Comment #3

    I think he is a decent guy.

    there was a bit ov iffy ness about wat heppened with keegan, but if it had been anyone else i dont think there wud have been such a big reaction.

    What annoys me most is our fans want him spending millions and millions, that is what got us i debt that nearly killed us!!! if he hadnt come we would have gone bust, for CERTAIN!!!

    They should have told everyon that the manager wasnt in control ov transfers and they should be more vocal and give fans updates

  • listie

    Dec 18, 2008 at 5:56 PM

    Comment #4

    If i’m honest I will have no real issue with MA staying as the owner, but someone must tell him the following things.
    1) Speak FFS talk to the masses, let them know thoughts and plans.
    2) Sack Derick Lameass
    3) The Arsenal idea is great at Arsenal, i’m a big fan of developing our youth set up, this should carry on, but stop with the director, manager not in full control bollocks, which I think has kind of stopped now with JK.

  • 9 Shearer

    Dec 18, 2008 at 5:59 PM

    Comment #5

    Why not stay what did he do wrong no one knows the truth.
    KK is a quiter but now we have a fighter who is not going to ever leave us. I love joe kinnear too.

  • Ally

    Dec 18, 2008 at 6:00 PM

    Comment #6

    listie spot on mate im with u 100%

    i would love to see Chris Mort reinstated.

    And i know things are hard financially at the minute but i would love to see Mike just invest a bit more money in the first team

  • cam_toon

    Dec 18, 2008 at 6:03 PM

    Comment #7

    Sorry Rem man.. but your wrong. Most fans want him to buy the players we need… LB, CAM, etc.

  • GDP

    Dec 18, 2008 at 6:04 PM

    Comment #8

    Heaven help us with this muppet of an owner. We’re going down and tight wad Ashley is at the helm. ASHLEY OUT .

  • Spyro

    Dec 18, 2008 at 6:07 PM

    Comment #9

    If MA decides to stay it is fine with me as long as he improves communication and improves the squad

  • Ex-pat MAG

    Dec 18, 2008 at 6:15 PM

    Comment #10

    A genuine attempt to sell the club, I think not he started at 400 million pounds!!! How easily taken in are we?? My opinion is that it has all been a sham, the supposed selling of the club is really just to give Mr Ashley time to allow the public opinion of him to mellow, a smokescreen to weasel his way back into the fans favour, well I don’t buy it. It will be interesting to see if West Ham get sold or not.

    Until then lets not forget who is ultimately to blame for the fiasco that is this season

  • Spyro

    Dec 18, 2008 at 6:19 PM

    Comment #11

    I have not forgotten, it was 50% KK’s fault.

  • Ex-pat MAG

    Dec 18, 2008 at 6:27 PM

    Comment #12


    Okay given that your entitled to your opinion and supposing you are right, then 50% of the problem is solved and now we need to solve the other 50% by getting rid of Ashley

  • GlenRay

    Dec 18, 2008 at 6:30 PM

    Comment #13

    I think the fans should forgive and forget, At last the club is heading in the right direction and we’ve a good no nonsense manager in Joe, maybe it will be the most unlikely to take us back were we belong so lets get behind our man and the team. Howay

  • leekirtley

    Dec 18, 2008 at 6:38 PM

    Comment #14

    at the end of the day everyone should get over the love with kk (the quiter), i think all we need is more comunication between the club and the fans. i for one dont like or dislike ashley yet!
    give him a chance no1 actully knows what happend with him and kk,
    all the signings he and his team have made have been good ones in my eyes, i was expecting more in the transfer window but atleast where no longer just wasting money.

  • Spyro

    Dec 18, 2008 at 6:42 PM

    Comment #15


    …well, no not really, you don’t always solve problems by ending the relationship do you? Problems can be resolved without severing ties, hence my point about improving the communications and further improving the squad. Surely you just want what is best for the team right? If MA sells there is no guarantee that the next owners will be better. The phrase, ‘better the devil you know’ comes to mind. If we stick with MA i am confident we will gradually improve year after year in a more sustainable fashion.

  • Big Dave

    Dec 18, 2008 at 6:47 PM

    Comment #16

    Slight change of subject ED you need to sort this blog out mate i am tired of haveing to reopen the page because blinx etc is taking it over. we want you as the main man for the blog not blinx lol

  • Big Dave

    Dec 18, 2008 at 6:49 PM

    Comment #17

    Lads i would honestly say if MO stays so will MA

  • leekirtley

    Dec 18, 2008 at 6:50 PM

    Comment #18

    yeah i agree big dave

  • Danso

    Dec 18, 2008 at 6:52 PM

    Comment #19

    back in the day I had a feeling Keegan would bottle it.. its seems to me his just a big baby..

    All Ashley needs to do is communicate more and or find a chairman Like Mort..

  • Turkish Magpie

    Dec 18, 2008 at 6:56 PM

    Comment #20

    Europe is still easily possible

    FA CUP(we can win)

    League Finnish(We’re only 4 points off 8th place)

  • RobbyBobson

    Dec 18, 2008 at 6:57 PM

    Comment #21

    Well i think he needed to man up from the very beginning.

    How many protests did the old board go through.

    Show some balls and stick it out, until now when things have died down a little.

    Yeh, he needs to make improvements with communication being the biggest one, but if he genuinely wants to own newcastle then he should have stated his intend during the protests and looked to win the fans over long-term. The fans wouldnt stay away forever!

  • It Could Be Worse... We Could Be Spurs(DC)

    Dec 18, 2008 at 7:01 PM

    Comment #22

    I’m w/ Listie…MA’s plan sounded spot on, the problem was that he never communicated it with us. 20M a year on transfers, with a focus on buying young potential and developing it and we’ll be laughing.

    Rumors are we’re in for Luca Cigarini
    Looks quite the youtube darling http://www.youtube.com/watch?v=zA39GiDzCW0

  • Spyro

    Dec 18, 2008 at 7:03 PM

    Comment #23


    I hope it is true, i recommended him over the summer but it seemed like the bigger clubs were going to snap him up. He is exactly what we need, an aggressive, energetic DM/CM.

  • RobbyBobson

    Dec 18, 2008 at 7:05 PM

    Comment #24

    Where did u get that rumour from?

    From that youtube clip he looks pretty immense. A little batter who got a great pass..kinda like Emre. Exactly what we need.

  • Mimo

    Dec 18, 2008 at 7:10 PM

    Comment #25

    This could be the best news regarding the club for quite a long time. Ashley is the owner the Toon need and all the toy throwers need to move on. Mike Ashley has done nothing wrong, fact. He got rid of the rubbish that was Shepherd, cleared up the debt and set up an excellent management team. It’s not his fault Kevin I will, I will, I will have my way keegan walked, this choice was made by Mr Spit The Dummy himself. Lets hear the end of this mindless nonsense about Mr Wise, because in my opinion and many in the game the guy is impressive. Who can argue with the players recruited and who can argue with Mike’s “rabbit out of the hat” appointment Kinnear? Now is the time to get behind the club. We should also be thankful that we have a “cockney mafia” rather than a mafia from America, Nigeria or the Middle East.

  • Ex-pat MAG

    Dec 18, 2008 at 7:14 PM

    Comment #26


    Sorry took so long to reply been in a meeting. (not football related ?)

    I don’t disagree with you about communications, but let’s be realistic you know that is not going to happen.

    I am right behind the team, but surely you would agree that this is the worst position we have been in since we arrived in the premiership. I am interested to know whether you would use the phrase “better the devil……” whilst Freddie Shepherd was in charge.

    It just seems to me that as soon as we get a positive result that everyone suddenly forgives all the previous mistakes and blindly wants to follow again.

    Mike Ashley in this morning’s regurgitation from the tabloids states that the manager will have the say on who comes and goes by saying ““It is up to Joe, we have signed him, it’s up to him,” but he qualifies this by saying he is the one who will say yes or no “I’ve definitely got some money, although whether I will give it to him or not is another question.” Sounds to me like it isn’t up to Joe after all.

  • RobbyBobson

    Dec 18, 2008 at 7:17 PM

    Comment #27

    Mimo i agree. Keegan is the one who left. Dont get me wrong I worshipped Keegan in the 90s and revived the club, but he should have stayed for the sake of the club, if he truly loved the Toon.

    Dennis wise hasnt done a bad job, he made a mistake with Xisco definately, but the 6 million he spent there is made up with the price we got Guthrie and Bassong for (fingers crossed Gutierrez).

    I think the thing he needs to brave it and show up at the home games. If he wants to then he should.

    It would be a clear statement of i’m here…now lets get on with it. Instead of ‘hiding’ in his living room.

  • Danny

    Dec 18, 2008 at 7:21 PM

    Comment #28

    There are many things to say about the past, future and present.
    – Communicate with the fans, this’ll help us understand more about whats going on, and altho we may not agree with everything, atleast we and the papers, wont need to speculate on whats going on at the club.
    – Sack Llambas, he’s said nothing to us, and he better not either. He may be a friend of you Mr. Ashley, but he is not a friend of a few hundred thousand ppl out there!
    – Continue the youth setup, and give them their chance to shine more often. Some of them may be even better than some of the deadwood we have floating around. Priorotise them.
    – Rearrange D.Wise. With the players he has brought in being excellent, except for one… He should be headscout, not director of football. He has a keen sense for talent, he just needs to be placed at the right spot.

  • Exiled-Geordie

    Dec 18, 2008 at 7:24 PM

    Comment #29

    For all those shouting for MA’s head – what is your expectations for replacement? We have an owner who has invested big is passionate about the club and wants to be one of the lads.
    Although he may have his faults (especially in the lack of communication) he is a proven winner (financially) no matter what some of our bloggers say, and has got to be better than an owner from overseas who cares little about the club or fans.
    What we need right now is everyone pulling in the same direction and wanting the best for the club.
    I’m all for holding out an olive branch and welcoming MA back to the fold .
    Don’t forget, he was the one responsible for getting rid of Sam A and bringing in KK in the first place…..

  • Spyro

    Dec 18, 2008 at 7:26 PM

    Comment #30


    I can understand your scepticism considering what has happened since MA arrived, but i must disgaree with you about the team being in the worst state it has been in since arriving in the prem. I think the team we had under Big Sam was in a much more compromised state. I actually feared for relegation last year. The squad has clearly improved in terms of quality since then and now i would like to see that progress continue. We dont need big name signing, it is better to be the dark horse imo.

    In terms of the Freddie Shepherd comment, i will definitely NOT use the phrase if it involves him! 😀 He was financially running us into the ground.

  • Spyro

    Dec 18, 2008 at 7:28 PM

    Comment #31


    I don’t think you can write off Xisco yet, he has hardly played and already scored more than Smith. Young spanish players seem to take longer to adjust to the prem in comparison to other nations don’t they?

  • Bill F (Original)

    Dec 18, 2008 at 7:29 PM

    Comment #32

    How about some, “please stay Mike” banners this weekend and him being in the crowd (or his box) and some cheers if he is. After all it is the season of goodwill. 😉

    Rather him than some of the potential buyers for the club, lots of people will disagree with the first paragraph but I do get the feeling there is genuine hurt with him by the way he has been treated and he is trying to do the best thing for the fans and club. I would still like to hear fully both side of the story so we can really judge for ourselves rather than blindly kick out with a gut reaction to what is perceived.

  • Ex-pat MAG

    Dec 18, 2008 at 7:34 PM

    Comment #33


    Hope your right and look forward to re-newing this debate at the end of the season.

    In this case it would be nice to be wrong although…………..???????????

    God I hope I am wrong.


    Dec 18, 2008 at 7:35 PM

    Comment #34

    It has been Ashley’s plan to stay at Newcastle this whole time (IN MY OPINION) He is just waiting till things settle down.

    I for one wouldn’t mind him staying as long as he comes out and admits he did wrong and is willing to try again will his full support of the manager. I also wouldnt mind Dennis Wise to stay at the club in my opinion since he has been here he aint done nothing but make decent singings.

  • It Could Be Worse... We Could Be Spurs(DC)

    Dec 18, 2008 at 7:38 PM

    Comment #35

    Was just thinking the same Bill. Maybe a “your seat is open” banner or “let’s let bygones be bygones, welcome back Mike.”

    Unfortunately, I won’t be able to help out but if you’re going to a game maybe bring one and place it over his empty chair that the TV cameras always show.

  • Lew Davies

    Dec 18, 2008 at 7:43 PM

    Comment #36

    Christ I just dont believe all you narrow minded fickle “fans”.

    You’ll all be screaming for blood again if we lose to the spurts on sunday.

    FFS! Ashley has never communicated with the fans, apart from a magazine that we had to buy. He isn’t going to start now. Also the mans a coward. I dont know anyone that threatened either him or his family. Total lies from his own mouth. He really needs to grow up big style, before he can move on.
    I’m not saying he isn’t welcome back, but he has to put a lot of things right first. Starting with a new chairman. But I wouldn’t hold your breath for that.
    Instead he thinks he will buy his way back by letting JFK spend on new players. (That’ll show ’em!!!) Well he doesn’t fool me in the slightest.

  • RobbyBobson

    Dec 18, 2008 at 7:44 PM

    Comment #37

    Well im not saying Xisco is a bad player becuase he hasnt really been given the chance. Its just as long as Kinnear is in charge he is not going to play, meaning by next summer he will probably want a move.

    Ex-Pat – you say this is the worst we have ever been in the prem. I really disagree. Our squad is better than last year, our defence is better than half decent. Its just this season the quality gap between teams within the premiership is so small its all so tight.

  • The Entertainers

    Dec 18, 2008 at 7:58 PM

    Comment #38

    I cant see where the Ashley to stay rumour has come from, certainly not from the above quotes.

    That said i suppose the longer hes stays in control, the more likely it is for him to stay permanently!

    Hes made mistakes, but credit to him hes done a lot right, particularly the youngsters and most of our signings are looking good.

    My one big gripe and i know i’m not alone on this, is his / the boards communication!

    If hes staying and i’ve read he knows mistakes were made, then why oh why does he not rectify them.



  • Spyro

    Dec 18, 2008 at 8:05 PM

    Comment #39

    Lew Davis

    Nothing productive will come from your anger towards MA.

  • tino97

    Dec 18, 2008 at 8:20 PM

    Comment #40

    If Ashley stays he has to start talking to the fans. For certain get rid of Llambias, we have no communication from him whatsoever. But for the time being with no decent offers on the table, it might be better if Ashley stays for a while. We should get behind him if he does.


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