We’ve been wondering just what Mike Ashley will do if Newcastle get relegated, and it seems what will happen is as bad as we had thought, and maybe even worse.
Derek Llambias and Mike Ashley – disaster if Newcastle go down
Newcastle owner Mike Ashley has every right to be very very nervous right now, and not just because he will lose at least £100M if the Magpies go down. That may turn out be the least of his troubles.
The real problem is how the club will adjust to their greatly reduced revenues. They will need to unload a lot of highly paid players and bring in others, maybe not as good, who will have to be on much lower wages, but a business plan will need to be put in place to run at less than half the revenues the club is used to – that’s a huge challenge, to say the very least.
And with this in mind, the Sunday Sun is reporting today that Mike Ashley talked of the devastating potential of relegation to club employees, after Monday night’s 0-0 draw with Portsmouth. That meeting would hardly have happened if we had won that game.
Ashley reacted to Newcastle’s 0-0 draw against Portsmouth on Monday night by holding unplanned talks with senior staff at St James’s Park until well into the early hours of Tuesday morning. According to the Sunday Sun Ashley is said to have delivered a brutal reality check for Newcastle insiders on the likely consequences of being relegated to the Championship.
Mike told his select but grim-faced audience of the likelihood of widespread redundancies at the club, to greatly cut costs, in the event of relegation.
That proverbial inside source at St James’ Park has apparently told the Sunday Sun:
“Ashley was pulling no punches,” “The meeting went long into the early hours of Tuesday, and as decidedly gloomy.”
“He laid it on the line that there would be huge cuts in the event of relegation and that jobs would have to go.”
It will be a monumental blow to Newcastle, and relegation has decimated other clubs with high hopes, like Leeds United as just one example. And we’ve never been sure that most fans fully understand the full ramifications of relegation, where money in football is now so important, whether you like it or not.
If we go down things will be in crisis at the club for a little while, but the the powers that be will need to come up with a solid business plan, both for survival and to put together a squad worthy of coming straight back up.
They may need a week or two to recover first from the complete shock to the system of relegation, if that does happen.
Things will be both bad and sad – make no mistake about that – which is why these games are so important to the future of our club.