As we said earlier today we don’t think football journalists have much business sense at all.
Freddy Shepherd – Newcastle for £90M – what’s he been smoking?
And now we hear that Freddy Shepherd is planning a takeover bid of Newcastle United – if they’re relegated – and is willing to pay all of £90M for the club. Has anybody told Mike Ashley that?
That additional proof is in The Mail on Sunday today, and the report suggests that former Newcastle chairman Shepherd actually believes Mike Ashley will be ready to accept a cut-price bid of about £90M, if Newcastle are relegated.
Pull the other leg Freddy, it’s got bells on.
Why Mike Ashley would be willing to take a cool £160M loss on Newcastle in less than two years is just stupid to even suggest. But that’s what The Mail are trying to get us all to believe this Sunday morning.
This story is complete and utter rubbish, but that proverbial unnamed source, busy as always on a Sunday, has told The Mail:
“Freddy is waiting the wings. He can’t afford to pay what Ashley did, but he knows the club will be for sale if they are relegated and is preparing the groundwork for a bid.”
“Freddy got the blame for a lot of things as Chairman but he was only the frontman for the Halls – he never owned it. He wants to see what he can do for Newcastle as the owner.”
So it was Sir John Hall’s fault – oh well – and we were thinking Shepherd had something to do with Newcastle’s demise of the last decade, since he was Chairman over that period.
It just shows how wrong you can be, doesn’t it? Freddy didn’t exactly run the Newcastle club with much financial stability at all, and would hardly be welcomed back by the Newcastle fans.
Get real Freddy and The Mail On Sunday – please.