Has Mike Ashley Just Left Newcastle In The Lurch?


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-1349947c

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!

Comments welcome.


55 comments so far

  • komfort

    May 31, 2009 at 1:29 AM

    Comment #1

    ed , not a minutes peace supporting this club is tha…

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  • Gosforth Phil

    May 31, 2009 at 1:30 AM

    Comment #2

    As quick a sale as possible is best for all!
    Get the fu*k out of dodge!

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  • komfort

    May 31, 2009 at 1:33 AM

    Comment #3

    ed, am off ta bed neet..

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  • Rangerman

    May 31, 2009 at 1:35 AM

    Comment #4

    Did he just say Guus Hiddink?

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  • sirjasontoon

    May 31, 2009 at 1:39 AM

    Comment #5

    ” and even one that was said to be from the moon, as we recall.”

    Haha 🙂

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  • AndyNUFC

    May 31, 2009 at 1:40 AM

    Comment #6

    Everyone’s like “ah great Ashley is leaving!”

    I’m asbolutely crying.

    No manager. A billionnaire owner that doesn’t want us. In the championship.

    Yeahh, people celebrate Ashley leaving, but look at those above facts and think about it.

    We NEED stability from TOP to BOTTOM, and that means the owner staying. I am absolutely gutted for one.

    I now have no idea what sort of future Newcastle United have, and fear for my assumptions.

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  • Rangerman

    May 31, 2009 at 1:42 AM

    Comment #7

    I agree with you, Andy.

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  • Alex

    May 31, 2009 at 1:47 AM

    Comment #8

    well it could be worse everybody
    we could have been born a mackem , now that is a disaster
    Allways look on the bright side

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  • AndyNUFC

    May 31, 2009 at 1:48 AM

    Comment #9

    Yeah well i’m really ticked off with people. They rejoice Ashley’s departure. He leaves, who are we left with? Oh yeah, that amazing billionnaire owner that gives us loads of money and doesn’t have a say in anything to do with the club… Who’s he? Oh yeah, we have no idea what sort of crooks, poor people, or bad intentioned people will buy this dam club. People just think getting rid of Ashley suddenly undoes the past 2-3 years, gets rid of all of our rubbish players and magics a world class manager out of thin air. WELL IT DOESN’T HAPPEN LIKE THAT. We NEED an owner with atleast some money. This news is friggin awful you morons!!!

    When will people take off the Anti-Ashley glasses and start living in the real world, where they realise what is actually good for NUFC?

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  • AndyNUFC

    May 31, 2009 at 1:53 AM

    Comment #10

    By the way, why the hell are we letting Edgar go?! He’s pretty much perfect for Championship level, and still only 22! Give him a slightly improved and still low wage contract, atleast he wants to friggin be here!!

    Jesus effing christ, I am crying with how badly this club is going down the pan. Not even Shearer wants to be here. Thats why negotiations have taken ridiculously long, because Ashley is selling.

    The bigger they come, the harder they fall. Goodbye, Football League.

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  • sirjasontoon

    May 31, 2009 at 1:54 AM

    Comment #11

    Andy Mike Ashley has been like a disease to the club since he arrived.
    Good Riddance.
    The Stability you crave could never be put in place under the present Owner he has shown his true colours tonight washing his hands of us after he has nailed the coffin lid shut.

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  • workyticket

    May 31, 2009 at 1:57 AM

    Comment #12

    AndyNUFC // May 31, 2009 at 1:40 AM

    How many other potential owners are going to want us now? Any owner from outside the region will fear the full force of Geordie bigotry the moment things don’t go as planned. Their reputation(s) will be dragged through the mud in the media, they’ll be facing unfeasible overheads for a Championship club etc etc. I certainly wouldn’t want anything to do with this club if I came from outside the region.

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  • Rodzilla

    May 31, 2009 at 1:59 AM

    Comment #13

    …pass iz the chips will ye man

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  • AndyNUFC

    May 31, 2009 at 1:59 AM

    Comment #14

    SJT, as much as you hate Ashley, just try to tell me that, in the state we’re in, we’ll get a owner half as decent or wealthy as Ashley.

    We have now officially hit rock bottom.

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  • sirjasontoon

    May 31, 2009 at 1:59 AM

    Comment #15

    Shearer wants to be here but on 4M a year 🙂
    God I hope the new owner sees sense and appoints a proper coach that has won something as a manager and has tactics up his sleeve.

    No more old pals acts,the rob lees,dowies etc it doesn’t work.

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  • Sav

    May 31, 2009 at 2:00 AM

    Comment #16

    Guus Hiddink? What you sniffing, Ed?
    Hiddink doesn’t do Championship struggles.

    Especially when you factor in the time delay this will inevitably take – unless we find another complete dickhead like MA who will throw his wad down and kick the tyres after.

    Ashley’s decision-making reminds me now of wheelchair-bound Andy in Little Britain – ‘I want that one!’

    He couldn’t flog it in September when there was something more than a complete wreck to sell. If there is no buyer for a couple of months (if a buyer can be found at all) are we going to drift into the Championship season with half a squad under Chris Hughton?

    Will Ashley be satisfied until he gets this club wound up, or what?
    We’ve no manager, our best players are gone, 1 in 3 local staff at SJP gone, we had a poor squad and now we have only half of it left, 4 weeks to returning to training….how much worse can this get?

    They say he’s selling for 100 million but don’t say if that leaves the club in debt to ‘Mike Ashley holdings’ or whatever he calls it, for another 150 million.

    If I thought he’d written all that money off and the whole venture had cost him that much, there’d be some consolation for the destruction of our football club from the thoughts of Ashley’s fat fingers getting badly burnt.
    …Talk about out of the frying pan, into the fire and here we are, 2 years on, praying for rescue by Fat Fred. Or anyone. Who could have predicted that?

    ‘I’m just a fan. I never said I was an expert at running football clubs’.

    What a f****g epitaph.
    I wish I could say, ‘get back to Buckinghamshire and please never show your jowls round Tyneside again. But the fact is we are tied together until a buyer is found and it is high time Ashley stopped feeling sorry and showed some guts, determination and intelligence.

    Doing nothing is not an option.

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  • sirjasontoon

    May 31, 2009 at 2:03 AM

    Comment #17

    Mike Could have sold but he was too Greedy now it has bit him on the Ass…bet he hides when he sees the wigan chairman at the annual chav retailers awards.

    The The Perfect Day on my headphones
    The future is now, but it’s all going wrong.
    Bodies good for nothing, but it’s to nothing they belong.
    People say their prayers and some work hard.
    If you give them all your money, they’ll give you their hearts.
    This town ain’t going like a ghost town.
    It’s going like hell….

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  • Rodzilla

    May 31, 2009 at 2:05 AM

    Comment #18

    …pork roll, egg and cheese, on a Kaiser Bun…….

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  • Sav

    May 31, 2009 at 2:05 AM

    Comment #19

    And I agree about Edgar – what is the point of letting him go now? He’s a decent lad, plays anywhere across the back 4, cheap, healthy and keen.

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  • sirjasontoon

    May 31, 2009 at 2:06 AM

    Comment #20

    I think he might put us into administration..it was rumoured a while ago and denied.

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  • Rorschach is a Geordie

    May 31, 2009 at 2:09 AM

    Comment #21

    Er show a new owner a video of the crowd at the boro game, and the season videos from 1992 to 1997. Those two artifacts alone should perfectly illustrate how the club would go supernova if successful.

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  • sirjasontoon

    May 31, 2009 at 2:09 AM

    Comment #22

    Ed Do you not Mean Gus Haddock…works down the fish quay with Batty’s old man?

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  • sirjasontoon

    May 31, 2009 at 2:11 AM

    Comment #23

    100m to the oil baron plus sheik Toon spends 100m on players over 3 seasons and a top coach at the helm..I smell Europe again and some filthy oil baron cash.

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  • korn8

    May 31, 2009 at 2:11 AM

    Comment #24

    I can`t help but thinking that Shearer probably knows this already? I think it is quite impressive how this soap opera never ends, but isn`t that the point with soap operaes? 😉

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  • sirjasontoon

    May 31, 2009 at 2:13 AM

    Comment #25

    plus give Shearer a few quid to keep his nose out of the club 🙂

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  • sirjasontoon

    May 31, 2009 at 2:13 AM

    Comment #26

    Didn’t Eldorado End and Brookside?

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  • Sav

    May 31, 2009 at 2:15 AM

    Comment #27

    ….not sure what you are sniffin’ SJT – probably the same as Ed with his Guus Hiddink dream.
    But I like the Gud Haddock version. – Keep laughing!
    It may be all we have left.

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  • Sav

    May 31, 2009 at 2:17 AM

    Comment #28

    But I thought The League of Gentlemen wasn’t a soap.

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  • sirjasontoon

    May 31, 2009 at 2:20 AM

    Comment #29

    🙂
    Off to Kipos proper done in.
    Night Lads.

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  • Sav

    May 31, 2009 at 2:22 AM

    Comment #30

    Aye, need all me strength to be a nervous wreck the morra.

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  • Sav

    May 31, 2009 at 2:30 AM

    Comment #31

    daily brain teasers!

    What do you see in the image at the top of this page?

    O. One greedy F. B.?
    O. A greedy who has just taken his thumb out of his ass?
    O. A greedy FB who is just about to stick his thumb up yours?
    O. I don’t know?

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  • ObaFan2

    May 31, 2009 at 2:37 AM

    Comment #32

    Been an absolute nightmare and can’t see it ending for a while yet…..

    Why oh why did my parents return to England 3 years before I was born 🙁 grrr

    In time it will be good riddance to one of the most useless owners ever to grace the football league!

    fat lump o’ lard

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  • Toon_Ksk (Huh? u mean David Craig is real?)

    May 31, 2009 at 4:14 AM

    Comment #33

    I hope the sale of this club won’t drag like before. Please make this a quick one Ashley, that’s the last and the best thing you will ever do for the club.

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  • Toon_Ksk (Huh? u mean David Craig is real?)

    May 31, 2009 at 4:26 AM

    Comment #34

    Job Opening:

    New owner of NUFC.

    Requirements:
    1. £100M for Ashley
    2. Preferably with experience as a oil tycoon. Steel and telecommunications tycoon are equally welcome to apply.
    3. Big ambitions for NUFC, but without being ridiculous(QPR)
    4. Preferable to have knowledge in football
    5. Must not hire a DOF or aka Dennis Wise

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  • korn8

    May 31, 2009 at 5:54 AM

    Comment #35

    hmmm… some soap operaes do, wonder why this “show” never ends? 🙁

    To be honest; i don`t care if the new owner(s) isn`t a fantasy-billionare… this club have huge financial potential, but the debt have to go and -as Ed have pointed out several tines – we need to run this club properly. That is one of many good reasons why Fat Fred should NOT RETURN! Maybe we could be able to gain premiership status with Fat Fred, but it makes our future uncertain. Did FS know about all the debt when he sold to “Ash with no cash” ? probably, but he took a huge gamble…
    I just hope that Shearer knows something about this and thinks:
    1. Ashleys out, the new guys want me.
    2. Ashleys out, the new guys want another manager(Steve Bruce???), but i contribute with my “know-how” about NUFC.

    We can only hope 🙂

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  • Geordiedoonsooth

    May 31, 2009 at 7:31 AM

    Comment #36

    Two words sum up my feelings F*ucking Mess. I was optimistic now I think we might do a Leeds

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  • Toon Graeme

    May 31, 2009 at 7:34 AM

    Comment #37

    I couldnt beleive this when I flicked onto SSN last night.

    Its obvious he is selling as the debt will skint him out and he is looking to get out pretty dam quick.

    Where does this leave us – again – up sh*t creak without a paddle or nose plugs!!!

    As if the championship isnt bad enough we now have x months of uncertainty over our future.

    Could it be that we could very well enter administration? I wouldnt rule it out at all.

    Worrying time for all fans of newcastle united.

    Can I just say thank you to the previous administration and to the crop of useless players for getting fat on a pay cheque and not performing for the toon.

    Its not just ashleys fault — at the end of the day – yes he has f*cked up – but so have our team underperformed – the table doesnt lie!

    Im off to paint a fence.

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  • Toon Graeme

    May 31, 2009 at 7:38 AM

    Comment #38

    Well I just spent 10 mins typing an essay on this mess and it didnt appear so I’ll sum up in a few:

    MA has messed up big time and is cutting his losses and getting out.

    The reality of us going into administration looms at the door step

    The previous regime are partly responsible too

    The team have to take responsibility for this too!

    Im off to paint a fence!

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  • bobby_ollox

    May 31, 2009 at 7:45 AM

    Comment #39

    I dont think there was a single moment when, anyone felt that Mike Ashley really knew what he was doing, and now he finally acknowledges this is the case. Although it is true that the majority of the issues that he has floundered over were not of his making, but the result of 2 generations of poor handling of the club, it is also true that he has failed to address any of them successfully. That he was tricked into buying into the shambles in the first place is the biggest mystery regarding such an apparently successful businessman.

    The firesale meltdown clearout of good, bad and indifferent players, managers and staff, is just something this club is going to have to go through if it is ever to get well.

    I think most of us recognise this is going to be painful, humiliating and embarrassing, but something we have to accept as necessary – the sooner it starts the sooner its over. Bring it on.

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  • Thump

    May 31, 2009 at 8:21 AM

    Comment #40

    Ugh, we can’t do anything the easy way, can we?

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