There are many reports of the interview Derek Llambias gave to the local Newcastle papers today, and Mike Ashley is said to be putting a five year plan together to take Newcastle back to greatness.
Ashley – bought Newcastle without due diligence – how stupid can you be?
As we all know Mike will run Newcastle as a business, which is a necessity these days, and we expect new rules to rein in clubs like Man United and Chelsea, whose owners have huge debts in running their clubs.
There seems to be nothing really new from what Mike was trying to do before he fell out big time with the Newcastle fans, over the dismissal of Kevin Keegan.
But it’s good to hear he wtill wants to build Newcastle up and seems willing to spend the money to do it.
Managing director Derek Llambias told the Evening Chronicle:
“In five years’ time I would hope we would be challenging for everything.”“We hope to be like an Aston Villa.” “But you need to have solid grounding under your feet.”
“You need that – it should have been built years ago.” “We inherited so much.”
“We’re knocking down walls and rebuilding.”
Llambias has also said that Mike Ashley has spent a net £38M to keep Newcastle fighting for survival in the Premier League.
Mike’s first mistake at Newcastle happened before he even bought the club, because he did not do the usual due diligence, which accompanies any acquisition.
And of course he literally paid the price for not doing his homework, when it was found out the club was £100M in debt.
But he deserved that, because it’s like buying a house without seeing it, and then realizing there’s no roof on the house – yes it’s that stupid.
But we are being told that Ashley had his heart set on buying Newcastle United, and really wanted to take them back to the top of football, where we haven’t been for a long long time.
This is all good stuff in terms of the future, but once bitten twice shy, and we’ll wait to see how we do in the transfer window in the summer, and hope we can stay in the Premier league this season.
First things first.
Mike has done almost everything wrong since Kevin Keegan walked out on the club last September, but like everything, maybe he’s finally realized his mistakes. Boy, it took him long enough.
We really hope that’s the case, but we need to be convinced by actions and not talk, which we all know is cheap.