Miser Mike Ashley Worth A Menial £800M

Newcastle United owner Mike Ashley might be a fairly wealthy man, but he’s no longer a Billionaire, at least in terms of the pound sterling, although he would still rank as a Billionaire in the US – in terms of US dollars.


Mike Ashley – worth just £800M

Ashley was a billionaire, but is now worth ‘only’ £800M according to the latest figures, researched and published by FourFourTwo magazine.

Of course just to set the stage here, most people are way down on their worth in terms of money, because of the world wide recession and the fact that stocks have dropped around 40% (at least) over the last 12 months or so and the net worth of companies have also dropped acourdingly.

Manchester City’s hugely wealthy owner Sheikh Mansour bin Zayed Al Nahyan has toppled Roman Abramovich to head the rich list of those involved in world football.

Sheikh Mansour, a member of the royal family of Abu Dhabi, has a personal fortune of £15B according to the Football Rich List, and the 38-year-old bought Man City in the summer, while Abramovich, Chelsea’s Russian owner, has slipped to as low as third in the list – and has been said to have lost over £3B due to the economic downturn.

Lakshmi Mittal, the 58-year-old Indian industrialist worth £12.5B is now second in the list, and he of course joined Formula One’s Bernie Ecclestone and Flavio Briatore investing in Queen’s Park Rangers.

David Beckham remains the richest player associated with British football – his personal fortune is worth £125M, with Newcastle United’s Michael Owen (£40M) and Man United’s Wayne Rooney (£35M). That’s a lot for Rooney since he hasn’t been in the game as long as Beckham and Owen – but it looks like he knows how to handle money, and that has to come as somewhat of a surprise.

Beckham is 38th in the overall list, and England head coach Fabio Capello is no pauper and is at No 73, worth an estimated £25M, and with a £6M-a-year contract and a £10M private art collection.

Manchester United boss Sir Alex Ferguson is at No 78 in the list (£22M) and Arsenal manager Arsene Wenger at No 92 (£14M) – paupers indeed.

Professor Tom Cannon told the magazine:

“Season ticket numbers will probably be down by about 10 per cent, but renewals will be down by at least 15 or 20 per cent. That’s where the problems will be as you go down the divisions.”

Now let’s get this straight – our owner Ashley is worth just £800M, and he cannot afford £10M to give to Joe Kinnear in the January transfer window, so Joe can bring in a couple of decent players to help us stave off relegation?

And let’s not forget  thsi same man almost destroyed the club over the last 4 months, and it’s not like Joe is asking for £30M or some big figure like that.

Some commitment to Newcastle United indeed!

Seems he’s more interested in night clubbing than rebuilding Newcastle United, and if things go badly in this transfer window Mike might again be encouraged to sell the club, to someone who’s more interested and committed to making Newcastle great again.

That’s not just our opinion, but will no doubt be the opinion of thousands of other fed up fans of our famous club around the world.

It’s time for Ashley to shape up or ship out.

Indeed, if we mess up again in January and get relegated in May, the club deserves everything it gets – because they need to get the  job done in January, and not screw up again like they did in the summer. And of course since September the Newcastle Board have shown us complete and utter incompetence in everything they’ve done – or should we say not done – which is perhaps closer to the truth.

We had hoped Mike and the Board would shape up, but right now that’s looking very unlikely, but there’s still time for Mike to come through – and we’re holding our breath right now and hoping he will do just that.


Rich List Top 20

1 Sheikh Mansour bin Zayed Al Nahyan (Man City) £15bn

2 Lakshmi Mittal and family (QPR) £12.5bn

3 Roman Abramovich (Chelsea) £7bn

4 Joe Lewis (Tottenham) £2.5bn

5 Bernie and Slavica Ecclestone (QPR) £2.4bn

6 Stanley Kroenke (Arsenal) £2.245bn

7 Alisher Usmanov (Arsenal) £1.5bn

8= Lord Grantchester & the Moores Family (Everton) £1.2bn

8= Dermot Desmond (Celtic) £1.2bn

10= Lord Ashcroft (Watford) £1.1bn

10= Malcolm Glazer and family (Man Utd) £1.1bn

12 Simon Keswick (Cheltenham) £966m

13 Trevor Hemmings (Preston) £900m

14 Mike Ashley (Newcastle) £800m

15 Randy Lerner (Aston Villa) £750m

16 Tom Hicks (Liverpool) £700m

17 The Walker Family (Blackburn) £660m

18 Mohammed Al Fayed (Fulham) £650m

19 Sir David Murray (Rangers) £600m

20 Steve Morgan (Wolves) £400m


Top 20 players: (overall position in the main list in brackets)

1 David Beckham £125m (38)

2 Michael Owen £40m (56)

3 Wayne Rooney £35m (61)

4= Rio Ferdinand £28m (69)

4= Robbie Fowler £28m (69)

4= Sol Campbell £28m (69)

7 Ryan Giggs £23m (77)

8= Michael Ballack £20m (80)

8= Frank Lampard £20m (80)

10 Steven Gerrard £19m (86)

11 Cristiano Ronaldo £18m (87)

12 John Terry £17m (88)

13 Didier Drogba £15m (89)

14= Nicolas Anelka £14m (92)

14= Damien Duff £14m (92)

16= Dimitar Berbatov £13m (96)

16= Ashley and Cheryl Cole £13m (96)

16= Fernando Torres £13m (96)

19 = Emile Heskey £12m (100)

20 Gary Neville £11.75m (101)

80 comments so far

  • Bobby Ollox

    Jan 7, 2009 at 12:24 PM

    Comment #1

    I’ll organise the whip round – tenner each everybody ?

  • Toon1978

    Jan 7, 2009 at 12:26 PM

    Comment #2

    Ashley is richer than Lerner YET Lerner splashes thE casH to get his club up in the top four. Ashley is a tw*t , i hope he ends up with f**K all and has no choice but to sell NUFC.

  • Monster

    Jan 7, 2009 at 12:28 PM

    Comment #3

    I feel bad for him.

  • fostino

    Jan 7, 2009 at 12:32 PM

    Comment #4

    duff’s wages must be off the charts…….i wouldnt mind seeing him replaced for a newer, better and cheaper model in the summer, which wouldnt be too hard

  • fostino

    Jan 7, 2009 at 12:34 PM

    Comment #5

    what was all this talk about daniel craig on the blog this morning about signing someone?? was this the SSN D.Craig or our very own D.Craig blogger that said this? i hope he didnt mean the ameobi signing???

  • fostino

    Jan 7, 2009 at 12:35 PM

    Comment #6

    *david craig

  • toonj

    Jan 7, 2009 at 12:35 PM

    Comment #7

    Do you honestly think that he will spend money on the toon when we chucked him and the rest out of newcastle ?i think not my friends.The quicker this spud supporter is gone the happier i will be.

  • TooKing

    Jan 7, 2009 at 12:37 PM

    Comment #8

    Ashley is still richer then Randy Lerner (Aston Villa) and Tom Hicks (Liverpool) yet both of them invested serious money in the team and now both can enjoy the rewards.

    It’s just a matter of mentality. 🙁

  • The Alchemist

    Jan 7, 2009 at 12:40 PM

    Comment #9

    Wasn’t Ashley worth something like 2.1 billion when he bought the toon? To be fair he has just about 1/3 of his wealth invested in the toon which is alot more than lerner or many of the other owners on that list. However we still have that 50 mil overdraft facility available so if he is feeling skint he should dip into that!

  • Ian

    Jan 7, 2009 at 12:45 PM

    Comment #10

    He can knock another £150m off that figure if we go down.

  • brownrob

    Jan 7, 2009 at 12:49 PM

    Comment #11

    To be fair, its not like Ashley just runs NUFC and nothing else? He has fingers in other pies too 😉

    Sure Ive enough money to go out and buy a new Landrover Discovery today, but I wont as I dont know whats down the road 6 months from now, Im sure NUFC is the same with MA, its his toy.

  • workyticket

    Jan 7, 2009 at 12:55 PM

    Comment #12

    The Alchemist [9]

    “Wasn’t Ashley worth something like 2.1 billion when he bought the toon? ”

    1.3 billion Alchemist.

  • Rem

    Jan 7, 2009 at 12:58 PM

    Comment #13

    Well no one wanted us, so how is he going to “ship out”?

  • TooKing

    Jan 7, 2009 at 1:00 PM

    Comment #14

    brownrob, u should buy the Discovery mate then, who gives a flying f*** what happens in 6 months time. you could be a dead man with money in the bank…….get the car 😉

  • craig chisholm

    Jan 7, 2009 at 1:03 PM

    Comment #15

    michael owen is the rishest footy player in the prem – and wont re-sign with us. fcuk him, after all the dosh he has had out of newcastle.

  • PDiddy

    Jan 7, 2009 at 1:06 PM

    Comment #16

    When he bought the club he was worth 1.9 billion and wouldn’t spend SFA then, now he’s going to make Stan Seymour look like Roman Abramovich!

  • bowburnmag

    Jan 7, 2009 at 1:07 PM

    Comment #17

    a) – Mike Ashley still feels unwanted
    b) – Mike Ashley cannot sell
    c) – Mike Ashely will be in a huff because he is not wanted and cannnot sell.
    d) – January is infamously a transfer window of little or no major activity
    e) – There is unlikely to be a buyer anytime soon
    f) – Our PR stinks

    a+b+c+d+e+f = A long and uncertain road to who knows where? Let’s just enjoy it for what it is…..Is it not what being a Mag and a football supporter is all about.

  • Thelongshanks

    Jan 7, 2009 at 1:15 PM

    Comment #18

    Ashley has no intention of giving us money and each season will be excuse after excuse.800m after credit crunch.That will drop when newcastle get relegated this year and it will be to late to do anything about it then.

  • dontoon

    Jan 7, 2009 at 1:16 PM

    Comment #19

    look at it this way villas chairman got less money, more debt and smaller income from attendences but still find 50 mill to spend on players

  • shanobi

    Jan 7, 2009 at 1:25 PM

    Comment #20

    brownrob-stop showin off bout dollar.no point as to sayin that.brown nob.

  • Whumpie

    Jan 7, 2009 at 1:34 PM

    Comment #21

    Ashley’s lost £800M, and he’s not about to go on a Spurs-style splurge to make that worse.

    Will he spend if the right player is available for the right money? Yep, as we’ve seen.

    Will that opportunity arise in January? No chance, because other teams will spend through the nose and he won’t.

    Should he just accept that he’s stuffed and spend the money anyway? Yes, to an extent. But he won’t.

    It’s still only a week into the window. Still time.

  • Micky Toon

    Jan 7, 2009 at 1:42 PM

    Comment #22

    I’m 100% convinced that all of this bile that is currently being directed towards Ashley wouldn’t be there if Keegan was still in charge.
    There’s a lot of bandwagon jumping going on at the minute and it seems to be the done thing to slag him off by people who are just regurgitating nonsense that has been written by the press or by other fans speculation based on nothing but their own opinion of the man. Fans that previously couldn’t care about the inner workings and financials of the club are all suddenly business experts. Previously all that mattered was 3 points on a Saturday.
    It’s far too easy to blame Ashley for our predicament, but we have been on this slippery slope since Sir Bobbby was sacked. MA is in the wrong place at the wrong time. The failings of the previous board has come to a head and the current incumbents are feeling the full force of years of pent up anger.
    Ashley needs to leave, but not because I have some mis-placed loyalty to an ex player and manager from Doncaster who is currently taking the club to the cleaners, or from some ridiculous notion that southerners shouldn’t be at the club, but because the relationship between the owner and his customers has deteriorated to such a point that the only solution is a clean break.
    Basically I’m sick of seeing comment after comment from people who know nack all reporting their opinions as facts. You don’t know how much money is available, you don’t know that we put in low bids, and they more than likely aren’t on purpose. Stop trying to see a conspiracy where there isn’t one.

  • craig chisholm

    Jan 7, 2009 at 1:44 PM

    Comment #23

    geremi has now also said he wants to leave – christ!! everyone is going and no-one is comin g!!!

  • Stardust

    Jan 7, 2009 at 1:46 PM

    Comment #24

    Micky Toon good post, but rather than Ashley leaving the club, i’d like us to shake off all the doom mongers and club haters.

    The band wagon jumpers should realise at present that Cash is King. We are solvent and as clubs look to their banks to borrow money to buy players, they will be politely told to get lost unless they have minimal exposure already.

    Ashleys policy is prudent, no more no less.


    Jan 7, 2009 at 1:48 PM

    Comment #25

    Sack the owner
    sack the board
    sack the players
    sack the staff
    sack the fans
    sack Rome
    sack yerself

    Get to F**k.

  • Nick

    Jan 7, 2009 at 1:52 PM

    Comment #26

    He lost 300M in one day on HBOS shares !!!!!
    The 5M he lost at the casino is a pretty regular occurrence allegedly. This was at the same time he was asking the abu dhabi group for 480M and would now take 200m !!!

    He needs to go to gamblers anonymous, replace llambias with mort, syphon Wise off to youth scouting only or get rid of full stop. Most of all get some good technical coaches and a good foreign manager.

  • DanToon

    Jan 7, 2009 at 1:56 PM

    Comment #27

    Does that include his assets or just his personal wealth though!?


    Jan 7, 2009 at 1:58 PM

    Comment #28

    Get rid of everyone & SJP, then just leave a big black hole where the north-east used to be.

    Get rid of whining like a bunch of…………….
    …………..Fill in the blanks.

  • Shane

    Jan 7, 2009 at 1:59 PM

    Comment #29

    Lets just get behind the players and the manager and enjoy the footy.

    Every team, no matter how good will always be looking to improve their squad through buying new players. If the players aren’t availible you have to splash the cash, if you don’t have the cash you concentrate on what you have got, a squad of premier league quality players who live to play football.

    As a Newcastle fan i’m just tired of hearing fellow supporters moaning all the bloody time about absolutely evrything and anything!

    There’s always something wrong… Michael Owens this and that for not putting pen to paper right away, Mike Ashleys this and that for any old reason really, Duffs crap, N’Zogbia is a moaner, ameobi’s a donkey… butts too old…. geremi’s useless…. we’re too poor……


    Let’s face it, there are teams in the premier league far worse off than we are in relation to club stability or squad talent.

    We’ve got a good set of players, we have some great young talent coming through, we have a good manager at the helm, the club is financialy stable, the season is still very much open and we are still in the fa cup…

    Stop moaning that Mike Ashley isn’t rich enough or is too tight or this or that and just… Arrghhhhh!

    Lets get behind the lads and JK and support our club!

  • JonnyNUFC

    Jan 7, 2009 at 2:02 PM

    Comment #30

    The problem that we have is that we dont know how much debt we’re in.

    Ashley said we were still paying off transfers…he also said hed put 20 million into us each year.

    The SAD reality of our situation, is that this 20 mill may simply be going towards lessening our debt largely.

    Seems to me Ashley will only invest in our squad with PROVEN top quality players. As he was going to with Modric for example.

    Problem is the kind of players we’d be able to get now are not of that quality = Ashley isnt willing to invest in them = our current targets will only be bought with money we get for selling players


    Jan 7, 2009 at 2:03 PM

    Comment #31

    Yes shane

    its boring as, isn’t it?


    Jan 7, 2009 at 2:05 PM

    Comment #32

    But if you remember
    it was also stated back then that we’re actually owed more in transfers than we owe out.

  • Shane

    Jan 7, 2009 at 2:05 PM

    Comment #33

    extremely boring.
    sick to death of it.

  • samthecat

    Jan 7, 2009 at 2:06 PM

    Comment #34

    No one hates the club-thats just a silly statement.We are just disappointed big time over its present state.
    What are Mike’s ambitions for the club-UEFA Cup.
    I dont believe that without some kind of modest investment that the club can expect to achieve that in the future.

  • Toon Graeme

    Jan 7, 2009 at 2:07 PM

    Comment #35

    He’s still got £800K – thats a fing lot of cash compared to us like!!!!

  • Toon Graeme

    Jan 7, 2009 at 2:07 PM

    Comment #36

    sorry – million

  • Born Again Geordie

    Jan 7, 2009 at 2:10 PM

    Comment #37

    It must be terrible being down to your last £800 million. I don’t think I would be able to cope ! lol 😀

  • bowburnmag

    Jan 7, 2009 at 2:11 PM

    Comment #38

    Micky Toon & Stardust – would you not agree, it would be nice if he displayed a backbone, came out and told the fans personally the way it is and that he won’t be dictated to or bullied and that instead he will do things his way? I’m disappointed that he crumpled and folded so easily at the first real hurdle. At least he might get some respect that way. MT, I totally agree mind that the best way forward is for him and the club to go in opposite directions but it seems we may be stuck in limbo for a while yet. Reading an article earlier, it was fairly erudite and stated Big Mike had “made a virtue out of necessity” with his recent statement of moving forward together in 2009. Now unfortunately that’s the way it would always appear, even if there is some tangible truth in that he might want to stick around past the point where the club is again sellable providing bridges are built with the fans. Crucially too, the January transfer window is unfairly portrayed as a yardstick for his intentions and our fate. He’s definitely in a no-win situation at the moment, though clearly a lot of it is his own doing. I’d just like the man in charge to actually take charge. Take the lead and not be led. Listen but do not concede to fans unnecessarily if he believes he’s right. Own the club like you mean it. And yes, I have disrespect and disregard for MA for a number of reasons and one of those being the treatment of KK. I still hold true to that and may well be made to look a mug but I stand by it until somebody or something proves to me Kev stitched us.


    Jan 7, 2009 at 2:11 PM

    Comment #39

    West brom=pap
    west ham=skint(selling everyone-crisis)
    portsmouth=selling club-skint
    manc=crisis but rich
    fulham=bubble will burst
    hull=bubble has burst
    villa=flatter to decieve
    the others are sorted really.
    Toon=in the same boat as the others but with less debt.

  • Stardust

    Jan 7, 2009 at 2:12 PM

    Comment #40

    Shane forget it – we will only move forward when all of the moaners and groaners from Wearside on here go back to supporting their natural team – Sunderland


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