This may be a dream and we may come out of it soon, but with owner Mike Ashley suddenly putting the Newcastle club up for sale, hasn’t that put the Newcastle club in the lurch?
Mike Ashley – gives thumbs up for something – wonder what that can be?
At a time – one week after relegation – when we know the club has to cut its costs to fit the new much reduced revenues, and a day after Newcastle announced 150 non-playing employees will be laid off – Ashley decides to sell the club.
We find this completely unbelievable – unless we are dreaming. I just pricked my arm and it hurt like hell – so this cannot be a dream.
We have no manager, and it’s hardly likely Ashley will appoint one now, until a new owner is identified, because they will want their own choice of manager to run the ship.
The last time Ashley put Newcastle up for sale, last September, the soap opera went on for 4 months with all kinds of rubbish reports about who was bidding for Newcastle. There were bidders from South Africa, China, Nigeria, The Far East, US, and even one that was said to be from the moon, as we recall. 😀
That four months ended up with not one decent bid for the club. However, this time it should be a lot easier to sell, because the club is up for sale at about half or even a third of what Ashley was asking late last year.
But a sale like this takes time – because the buyers will need to do due diligence on the books, especially with a club just having had £50M in revenue knocked off through relegation – and our question is what happens to Newcastle until then?
We don’t even have a manager in place, for heaven’s sakes.
But this is a huge opportunity for a new owner, because of what they could do. First arrange to buy the Newcastle club, but only when you have a world-class manager lined up to manage the club next season – (not easy -we agree), and employ that manager for a season (or two), but he would have to be top class (Guus Hiddink) – and offer him a bonus of say £5M to get the club promoted next season.
Then you have yourself a £250M Premier League club – after paying only £100M for it – that’s what we would do – but we’re just a bit short of cash actually – like £100M short.
But Newcastle need also to sell some players, and we assume Ashley and Llambias will now need to issue their own list of players available.
Four free agents – Owen, Viduka, Cacapa and Edgar will leave Newcastle when their contracts expire on June 30th, and that will then save the club around £11M in yearly wages – and we will not miss the players too much at all.
But some other players will need to be put up for sale as quickly as possible – those who we know will not stay, or we just cannot afford like Coloccini, Gutierrez, Barton, Martins etc – so the club must keep moving ahead.
But if this turmoil lasts long at all – it’s goodbye to Sebastien Bassong, who will hardly want to stay at a club that seems always in turmoil.
We have to hope this is just the first shoe to drop, and another will drop tomorrow – hopefully a buyer is already lined up – and they want Shearer to manage the club.
Again, if this is a dream – can somebody wake me up – and quickly!