Mike Ashley Has Made So Many Mistakes At Newcastle

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.

Comments welcome.

46 comments so far

  • RyanToon

    Feb 10, 2009 at 2:27 PM

    Comment #1

    stardust. we await your great debate 🙂

  • Pons Aelius

    Feb 10, 2009 at 2:28 PM

    Comment #2

    I can take positives from this. Ashley has accepted he’s made mistakes – it’s a start. He wants to build a solid foundation – again, very good.

    But like you said Ed, talk is cheap.

    I say this a lot, but again, time will tell.


    Feb 10, 2009 at 2:36 PM

    Comment #3

    I honestly think MA has only made 5 mistakes:

    1 buying the club
    2 the way he bought the club (no due dilligence)
    3 trying to sell the club
    4 the way he tried to sell the club
    5 the way he has tried to run the club

  • ronaldeano

    Feb 10, 2009 at 2:38 PM

    Comment #4


    Bennytool, AO, Fernando and Nando logging on to nufc blog!!!


  • cashleyout

    Feb 10, 2009 at 2:45 PM

    Comment #5

    first thing MA needs to do in the summer is appoint a top class manager with complete control over tranfers and give him a reasonable amount of money to spend then we can look at finishing in the top 8 then push on from there.

  • Little Willie

    Feb 10, 2009 at 2:46 PM

    Comment #6

    The club won’t ever get anywhere unless it turns the finances around, the only other option being that someone rich like the owners of Man City come in for us but if there was anyone interested they would have been in for us when the club was up for sale.

  • cicero

    Feb 10, 2009 at 2:46 PM

    Comment #7

    Ed. MA jumping in didn’t cost him an unexpected £100m, £80m of the debt was a planned loan for the stadium which was financed from the banks (just like a mortgage). He’s cleared it all of so he didn’t have to pay huge interest on it. Good business sense at the time.

    We all know deep down the club was rotten to the core before he took over and that it would take years to rebuild it, but we all want instant success. Randy Learner at Villa has built the club up slowly (no trophy signings) and has a solid base from which they are growing.

  • Wilad

    Feb 10, 2009 at 2:48 PM

    Comment #8

    I don’t think we have to spend that big – look @ Villa. Bring the youngsters thru next season and lets just support the team, the regime and stay positive

  • Worjackie

    Feb 10, 2009 at 2:50 PM

    Comment #9

    Everyone makes mistakes, mine was to renew for three years.

  • RyanToonsBrother

    Feb 10, 2009 at 2:52 PM

    Comment #10

    hey up Ryan even when you were younger i used to have to chase around stopping you from getting a hiding from EVERYONE, and look whats happening? THE SAME SH*T. Everything i taught you over the years from the early games we used to go watch spurs has taught u nowt boy. Your about old enough now to fight your own battles, but your gonna lose kid! and im not jumping in for you anymore thats it this shows your own now

  • RyanToonsBrother

    Feb 10, 2009 at 2:59 PM

    Comment #11

    Ashley & Co are however, a bunch of cockney scumbags, the 3 goons have come to toon thinking you lot are THICK football daft, gazza style jokers, big drinkers DAFT AS A BRUSH. thats what got them in this MESS. They have totally underestimated the intelligence of the average geordie, and presumed, because of their born birthplace that they are wiser and cleverer a duckin and a diving – now it seems they have been exposed

  • NE3 NICK

    Feb 10, 2009 at 3:05 PM

    Comment #12

    I agree with cicero again!

    MA’s biggest faux pas thus far is to build a wall of silence.

    Beardsley has come out at various after dinner events and totally slagged KK for basically lying thru his teeth about his role at NUFC. Pedro reckoned that KK knew and agreed to his position as Team Coach with nothing to do with player procurement.

    The stand up row that Llambias and he had was reputedly all about this. The board were furious that in their eyes Keegan had totally lied about his position.

    If what Beardsley says is true (and why wouldn’t it be) why didn’t Ashley et al let everyone know exactly what had happened.

    This would have totally taken all the wind out of the “CockneyMafia” protests IMO.

  • RyanToonsBrother

    Feb 10, 2009 at 3:08 PM

    Comment #13

    everytime i watch MOTD i think …

    SHEARER “wants to be” LINEKER!

  • xisco biscuits

    Feb 10, 2009 at 3:11 PM

    Comment #14

    @ ne3 nick

    it would explain a lot to be honest mate, i hadnt heard the beardsley thing before. but the reason ashley/llambias didnt come out and tell people about it is because they’re involved in legal proceedings with kk which will likely include terms like “constructive dismissal” and “defamation of character”. they cant come out telling the public what has gone on, the same as you cant with any approaching trial

  • Kirill of Russia

    Feb 10, 2009 at 3:20 PM

    Comment #15

    Ashley the liar
    It does not have belief and a pardon

  • mikep

    Feb 10, 2009 at 3:22 PM

    Comment #16

    I hope Beardsley has enough cash to pay for the liable case after those statements in public

  • mikep

    Feb 10, 2009 at 3:24 PM

    Comment #17

    There again 3 liars are better than 1 YES?

  • Alex

    Feb 10, 2009 at 3:30 PM

    Comment #18

    Well at least they have finally opened their mouths and started to talk , lets just hope that continues . As for building the club up , that has already started with the investment in the youth . The youth will take time to develop though and we need more investment in the first team in the summer . In all honesty the first team signings over the last couple of transfer windows have been good signings , Bassong for me the pick of the bunch . As for out goings , it was sad to see Given go but we do have quality cover in that department . Owen needs to be off the wage bill along with Cacapa , Smith , Geremi and Viduka the rest of the current squad should then be kept and added too . I truly think we have the basis to build a top 8 team from for next season . One big issue that needs to be addressed is the injuries , we always seem to have more than most other teams and the question i always ask is why ? is it the training facilities , the training methods or are players not screened and properly medically examined before signing for the club . Something needs to be done to right this problem , if we had had a fully fit Owen ,Martins and Viduka for a full season we would be nearer to a uefa cup spot than fighting relegation . Maybe more money needs to be invested in that area to make as big an impact as a top player being brought in .

  • Fog-on-the-Tyne

    Feb 10, 2009 at 3:30 PM

    Comment #19

    Get Wise OUT!

  • danuneek

    Feb 10, 2009 at 3:31 PM

    Comment #20

    I dont think Ashley will ever give total control to the manager as its not part of this 5 year plan. In Lambarse’s statement today he talks about Wise’s vision for the club, but surly it should be the managers vision. They’re trying to run the club like Arsenal, but the difference is Arsenal have a top class manager who has total control, even control of the grass length (and why not). So in fact we’re nothing like Arsenal except for bringing young players in. I bet Ashley has looked at Arsenal and thought, Yeh we’ll do that, sign young players. There is a hell of a lot more to Arsenal than signing young players.

  • coxonfamily

    Feb 10, 2009 at 3:39 PM

    Comment #21

    we want to be where aston villa are????? could just be me but when i was a kid i went to see us playing barcelona & psv we were much bigger than them??

  • square

    Feb 10, 2009 at 3:40 PM

    Comment #22

    no he hasn’t made mistakes everything is going well. we will be a villa we will be man utd we will be a barcelona you just see. mike ashley will be different will bring a renaissance to newcastle bring us out of our dark age.

    yeay mike ashley.

    looking forward to see your plan unfold.


  • geordie jock

    Feb 10, 2009 at 3:45 PM

    Comment #23

    Lies, Lies and More Lies. All this crap should have come out months ago and maybe just maybe the club might have stabalised whereas we will be lucky to escape relegation and then how many years before we are challanging Mr Ashley.

  • Mag 48

    Feb 10, 2009 at 3:45 PM

    Comment #24

    All very nice but nothing has changed All we’ve got is sorry we did’nt tell you But we’re going to do it our way so there

  • Bill F

    Feb 10, 2009 at 3:49 PM

    Comment #25

    It’s easy to sit back and sling mud but, none of us can deny that the club are getting the good youngsters in. One of the planks of the restructering plan for the club. If this is true then in all probability the rest of what they are saying is. A case of Occams razor once again.

  • coyote

    Feb 10, 2009 at 3:57 PM

    Comment #26

    roll up roll up
    we have a plan
    a plan so cunning
    you could pin a tail on it and call it a fox

    and you’ll all be fooled again and again
    the summer will be interesting though cos this season is best forgotten

  • coxonfamily

    Feb 10, 2009 at 3:58 PM

    Comment #27

    i think it stinks like, we were alot bigger than villa not so long ago either!!!!!!

  • Mag 48

    Feb 10, 2009 at 3:58 PM

    Comment #28

    By the way we have always challenged for
    everything why wait five years?

  • mikep

    Feb 10, 2009 at 4:01 PM

    Comment #29

    Five years gives WISE a chance to resign and maybe we will do some good buying

  • Mags

    Feb 10, 2009 at 4:08 PM

    Comment #30

    Magpie (3) and Mag 48 (21) comments.


  • derekm

    Feb 10, 2009 at 4:09 PM

    Comment #31

    why the hell do these people still go on about wise? Once again, look at the younger players he has brought in, some good first teamers and some iffy, same as many clubs do.
    How the hell when beardo of all people has pointed the finger at keegan can wise still be the scapegoat?

  • Newckie

    Feb 10, 2009 at 4:11 PM

    Comment #32

    Stupid as it was especially in hindsight Mike Ashley did not have the time frame to have due diligence completed or orchestrated before he splashed the cash.

    I guess also in hindsight most of us accept the FF was living on borrowed time with little ROI (return on investment) in terms of monetary gain born of success, quite the opposite ( No UEFA let alone CL and our obligatory annual FA Cup run failures which if successful would have given us some hope and credibility.)

    We also knew FF was forever “embellishing: with his great Geordie nation theories.To go from that to total silence looked very much like we the fans were being totally ignored and in fact held in contempt. A practice we embraced in the transfer window because of the media’s frustrations over such a massive change in culture.

    There is nothing more annoying than being ignored as it frustrated any response or debate and makes you feel worthless at the same time and that will always be massively destructive moral wise at all levels…fans players etc.

    It is a fool that would hold one of NUFC’s greatest assets , its passionate fans in contempt.
    Honest, Integrity and Communication is a dam good start.

  • Macas35

    Feb 10, 2009 at 4:15 PM

    Comment #33

    Villa have spent shedloads of money, we will never be like them.

  • ObaMartins

    Feb 10, 2009 at 4:21 PM

    Comment #34

    Anyone falling for this Poopaganda from the Owner & Co at Newcastle ???

  • Ericles

    Feb 10, 2009 at 4:34 PM

    Comment #35

    ObaMartins I am not falling for this hype. And Fog on the Tyne you are right. If Ashley is genuine shoot Lame-arse and goblin Wise out of the door -NOW!!! Another name for this present bout of crocodile tears is that grand old English word – come on everybody – BOLLOCKS! Perhaps he is shite scared of the NUSC rally after all. Howay the lads – we have games to win and Ashley cannot play.

  • magpies1

    Feb 10, 2009 at 4:44 PM

    Comment #36

    everyone wants these big players etc but the truth is what ashley and wise are doing is bringing in cheap young promising players for a better future and getting rid of these overpaid tits who couldnt care less about the club and I believe slowly but surely we are getting there.

    And for all those people complaining about the comment about being where villa are and we used to be paying barca etc, the premier league is alot different to what it was and we have to be realistic to what we can achieve at the moment,

    I for one am still holding judgment on this regime but if ashley and llambias are telling the truth about their plans then im quite excited because it is what we have needed for a long time.

    All I want at the moment is a club I can be proud of that challenges teams and not being made out to be a complete joke of a club

  • mikep

    Feb 10, 2009 at 4:48 PM

    Comment #37

    It is a club to be proud of but sorry to say it is a big joke with three clowns to keep it that way. Once a liar always a liar.

  • Whumpie

    Feb 10, 2009 at 5:02 PM

    Comment #38

    magpies1 – yep, with you there. BUT I just think there is too much evidence of 3 very arrogant men (Ashley, Llambias and Wise) who wrongly believe they can make the DOF model work, using people without appropriate experience.

    While I like the long-term strategy, I just think they have the wrong people in the wrong jobs to pull it off properly.

    I am encouraged by some of this, though. Those financials a couple of weeks ago did explain a lot of what has been going on, and if they really do start talking to us then perhaps we can stay out of the quagmire for a while now.

    I just wish he’d hire a proper MD and forget this DOF rubbish. That way we may be able to land a decent manager (sorry, Joe)

  • jim

    Feb 10, 2009 at 5:24 PM

    Comment #39

    vital football couldnt have put it any better-can someone get this to derek lambias or mike ashley through that question/ answer thing plse : mite make ashley and kinnear realise where their going wrong!

  • chuck

    Feb 10, 2009 at 6:01 PM

    Comment #40

    I dont care what kind of plan is envisaged by MA
    without hiring the right people to impliment it this club is going nowhere.
    Llambias may know how to run a casino but a football club, naaaah!
    So a Dien type to run the club.
    Followed by a Dutch Master to rebuild the team
    a manager with a track record that is.
    And a few bob should do it.


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