It seems that Alan Shearer is in regular contact with owner Mike Ashley, during the crucial run in, where at least on paper Mike could lose over £100M.
Mike Ashley – staying positive – just like Alan
That £100M is an estimate of the amount the team will be reduced in value, if the team is relegated. But that assumes the club is still worth around £150M, which is probably on the high side.
Of course the revenue the team will get will also be reduced significantly by the elimination of Premier League TV revenues, and while we are not privy to the exact amount that’s at least £50M each season. The club will also have a reduction in gate revenues with playing in the Championship.
Of course the reduction in revenue is one reason the club is not worth as much as before.
But there’s the old adage, you only lose when you sell, so if Mike doesn’t sell the club, which he’d be stupid to do, and if Alan can rebuild the squad, in a year or two we could be in much better shape than we are right now.
That’s the business (and realistic) way of looking at relegation, but of course it would all be so much easier if we could survive this season.
Alan talked to Mike last week, and this is what Alan said:
“I spoke to Mike again this week and he’s in fine mood,” “He was disappointed we didn’t win on Monday.”
“But I think he was encouraged, certainly first half, by what he’d seen.”
“He has to remain positive just as much as we do.”
If Alan takes the job full time, then Mike Ashley could take a leaf out of Aston Villa’s American Owner, Randy Lerner, and let Alan get on with it. Randy has fully backed Martin O’Neill at the Villa, and let Martin get on with the job of building the squad.
O’Neill has done a fantastic job in the last couple of years, with Randy remaining in the background, but the owner still can be seen at every Aston Villa game.
It looks like Alan has asked Mike to at least to wear a white shirt at the games, so he looks decent as the Newcastle owner, but there’s no doubt Mike seems to enjoy the games.
Whether he’s enjoying the games right now, is another matter of course. It’s hard enough for us to watch the games these days, never mind if £100M or more was riding on Newcastle surviving the season.
Oh well, it’s only money.