Alan Shearer has been in talks with Ashley over the past week in an effort to thrash out a contract, but the Telegraph this morning are saying that Shearer will need to cut his demands if he is to became the next permanent manager at Newcastle.
Alan Shearer – wants £ 2M a year – is the club now completely rudderless
The Telegraph is reporting those talks are now being held in abeyance, they’ve essentially ended, because Ashley is unwilling to match Shearer’s £2M-a-year salary demand.
Ashley’s decision to attempt to get a quick sale has left Shearer in limbo and, much worse than that – it seems he’s left the club in limbo – but what does he care – he just seems to want to sell and leave, and he’s not too bothered about Newcastle -as we’ve found out to our cost and demise, these last two years.
The complete lack of responsibility for the Newcastle club, being shown by Ashley right now, leaves an awful lot to be desired – at least for the good of the Newcastle United club – and that’s all we care about.
So until a new buyer is brought in it seems we will again have no manager – incontentance personified from this man again – how did he ever become a Billionaire with stupid actions like these, is a complete mystery to us.
And today the NOTW says a new buyer could be installed within a month – so if that is true we probably shouldn’t even start in the Championship in early August – we should just wave the white flag and be demoted to the next league down – we have no idea what that is – and don’t want to know either.
It’s like what exactly is in black pudding- we just don’t want to know. 😀
Mike Ashley seems just hopeless – utterly hopeless – and though we don’t usually agree with protests – this man may need to be forced to get somebody working on club business this week – before too much precious time has gone by. Where’s the NUSC – we may need them.
Do these guys in charge of Newcastle really know how to run a business – you could have fooled us – easily. This is a fairly small £100M business, and some of us have successfully ran £1B businesses – we wonder what exactly Mike been smoking last week, that has impaired his thinking, to come up with all of the nonsense on Saturday night?
A source close to Ashley said last night:
“Alan needs to re-evaluate what he was asking for, but the chances of him getting the job aren’t as great as they first were. Everything is in limbo. Mike’s decision to sell has changed everything.”
Ashley has approached Keith Harris of investment bank Seymour Pearce, again, as he tries to get a quick sale for the club.
He apparently spoke to Harris on Friday about leading the search for a buyer, and the Telegraph is saying terms may even be agreed this week. Well – that would be good, because we are all in limbo until a new buyer is identified.
Ashley will apparently settle for as little as £90M, if he is to persuade any investor to take it off his hands, and will of course incur a huge loss in the process.
Ashley paid about £134 million for the club in May 2007 and has since invested £115M more, and of that £100 million went to reduce the debt load.
But as we had suspected , that payment by Mike is classed as an interest-free loan to the club, and is repayable to Ashley on demand, and any any investor would need to foot the bill for that – and write it off as a business loss.
Ashley asked Harris to find him a buyer last year after becoming disillusioned with supporter opposition to his tenure at the club.
Every single day that passes, this man seems to epitomize and embrace incompetency – and he’s making George W Bush, look like a wizard. Whoops – no politics on this site, please.
Harris apparently identified an American buyer willing to pay £180M, just before Christmas, but that deal fell through when the purchaser suffered big losses, due to the disgraceful Bernie Madoff fraud and scandal.
Two things that have vastly improved recently, as far as Americans are concerned:
- The Newcastle price has more than halved
- The dollar has strengthened against the UK pound from $2/£ to about $1.55/£.
That all makes Newcastle a very attractive purchase to American buyers, and we’d be surprised if a few of them were not in quickly for the club – this week.