Ashley Cannot Be Allowed To Sink Newcastle Any Further


The situation the Newcastle club have got themselves into – and this is only since we were relegated a short 9 days ago, is stuff of soap operas – yet again!

mike-ashley-chrios

Mike Ashley – this man is totally incompetent – it’s as simple as that

Alan Shearer spent most of last week speaking with Ashley and his representatives – and thrashed out (we thought) how he and Iain Dowie would manage the club, what controls they wanted, what their future polices would be,  which players they want out, and which players they would like to bring into the club.

So Ashley and his people listened carefully, or so they all told us, and from last Thursday on – Newcastle fans were all waiting – and excited too – about the forthcoming announcement that Alan Shearer would be the new manager.

OK, great – so what does Mike do – announce an agreement has been reached and that Alan will lead the club forward?  — not on your life!.

Ashley issued a statement at 9:30 pm on Saturday night, saying he was again putting the club up for sale – for the second time in 9 months – but for a reduced price of 100M so it would be a quick sale.

Notice the politics of saying he wanted a quick sale – because all the questions are – what happens at Newcastle until a buyer is found – the answer – nothing at all.

That means after spending lots of time with Alan last week – that’s essentially could be wasted effort, because if Shearer is not appointed – and appointed soon – it will have been wasted effort.

All this during a summer where Newcastle need to pick themselves up quickly, dust  themselves off, and get fully prepared to fight for all we’re worth – to get out of the Championship (upwards I should quickly add) as soon as we can – after one of the most disastrous and incompetent seasons in the long history of this famous club. 🙁

And don’t tell us this club will be sold quickly – rubbish!

It will take weeks – to do due diligence once a deal is finally agreed in itself takes some time.   And this businessman, who when he took over Newcastle informed us all he knew nothing about running a football club – then went on to demonstrate in a rather classic manner , that he was not lying.

He’s taken Newcastle down further than we’ve been in a long while and even now he could take us even further down, if we’re not careful.

We are now in the ridiculous position where Newcastle United cannot move forward at the club until a new manager is appointed – and presumably a new manager will be appointed only after a new owner is found – which will be weeks away.

Ashley will also want to drag his feet until a new owner is appointed, because it seems to us he didn’t want to appoint Shearer, and rather than come out and say that – at which point Newcastle fans would demand he leave Toon and quickly, he decided to sell the club instead.

While that might be good for him –  it could kill the club – and it’s now clear this man has no leadership qualities – none at all.  He’s a danger to the Newcastle club, if not a danger to himself (how did he ever make £1B?)

But enough is enough – and Mike cannot be allowed to drag the club even further into the mud pile.

It was good to hear Bobby Moncur, and a few others,  come out today and say (demand?) that Shearer be appointed soon – somehow we need to get this man to put Shearer in charge – and quickly.

Ashley needs to appoint Shearer now – even if it’s only on an interim basis at first – so some real work can get done at the club this summer.

News about appointing Joe Kinnear will just not be tolerated by the Newcastle fans, and will only go to show, once again, the owner is so much out of touch with things at and about Newcastle, that it’s embarrassing – for a man who’s proved himself utterly and completely incompetent on Tyneside.

Right now, it seems to us it’s only the fans who are keeping this club going and with some pride, and even ready to support it with unique Geordie force again – if only we could get people running the club that 1) love the club and 2) know what they are doing.

Until then – we wait and hope – yet again.

Comments welcome.



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30 comments so far

  • Rangerman

    Jun 2, 2009 at 12:33 AM

    Comment #1

    It’s all dependent on the bank by the looks of it.

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  • Yorick Hunt

    Jun 2, 2009 at 1:08 AM

    Comment #2

    read my name Ashley

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  • Yorick Hunt

    Jun 2, 2009 at 1:14 AM

    Comment #3

    and dont forget it

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  • Paul141726

    Jun 2, 2009 at 1:42 AM

    Comment #4

    How oh how did this man ever become a billionaire??? If you claim to be a businessman, but are unfamiliar with how to run a company you’ve purchased, you hire people who will do this job. Example: Warren Buffet of Berkshire Hathaway buys many companies that he has very little knowledge about, but researches them and if they are right for him and his investors he will purchase them and have bright people who do know these businesses inside out, run them. He could buy and sell Ashley several times over. Smart man, don’t you agree? Sorry we can’t say the same about “poor” Mike. NUFC is NOT a toy and must not be played with until you get tired of it. With the right people guiding the club, with proper investment in on and off field talent, who knows. NUFC can be an example of a true business model that someone will be proud to own. Here’s hoping someone like Mr. Buffet would like to invest in a slightly down on it’s luck football club that with time can be great again.

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  • stjames

    Jun 2, 2009 at 2:04 AM

    Comment #5

    I totally agree with you Ed.

    It’s an outrage! 🙁

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  • ObaFan2

    Jun 2, 2009 at 3:08 AM

    Comment #6

    According to the Sun (with quotes) :

    New Portsmouth owner Dr Sulaiman Al Fahim says he was interested in buying the Toon last year. But Ashley wanted £400m – a £160m profit on his £240m investment.

    Al Fahim said: “I’d have paid £200m for Newcastle because it’s a great club. But the guy wanted £400m. He’s got to be kidding.”

    Nope he wasn’t kidding just an idiot!

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  • Sav

    Jun 2, 2009 at 3:42 AM

    Comment #7

    He’s a shocker, Ed. But the good news has to be that he’s finally going.
    It does look as if Shearer knew about the sale before last week’s talks took place, and is still keen on the job.
    But I doubt he will take it on without his NUFC proposal, including a commitment of transfer funding, being accepted and backed by MA. We have to hope that if a deal with a buyer can be agreed in principle then either Barclays or MA will sign off on it while a thorough examination of the club’s books takes place and Al can get on with the job.
    But in the current climate, I would think that unlikely, and where a delay of 4 weeks would leave us doesn’t bear thinking about.
    One thing is certain, we have to start getting rid of our overpaid no-hopers in readiness for life in the Championship. Even though that will reduce the club’s nominal book value (because we won’t get our money back on any of them), no new owner would want any of them, surely.
    My fear would be that Barclays would insist on Bass and Taylor being sold as well to generate funds for rebuilding.

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  • Sav

    Jun 2, 2009 at 3:47 AM

    Comment #8

    We have to hope Ashley realises that delay on his part to put a plan in place will devalue the club week by week, and he’ll be losing further millions if we begin our season under-prepared.
    But then he’s got little else right, so……

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  • ginkoh

    Jun 2, 2009 at 4:33 AM

    Comment #9

    It confirm that Mike Ashely is Cockney ! and Tottenham supporter not Toonarmy as he said earlier.

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  • ArtyH

    Jun 2, 2009 at 4:54 AM

    Comment #10

    Shearer should be appointed/kept on in the interim until the new owner can decide who is to take the club forward. This way work can be done to help save the club and leaves it in a healthier position than rotting in the doldrums.
    Then once the new owner/s are on board they can keep Shearer or get someone in of their choice. Not really convinced of wor Als credentials at the minute, so I would prefer a more seasoned manager for the forthcoming fight, a wiley old head that knows the game would do just nicely.

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  • Lew Davies

    Jun 2, 2009 at 6:20 AM

    Comment #11

    Arty H :so you would be happy to have Joe Kinnear back again then????

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  • Sawbuck

    Jun 2, 2009 at 6:20 AM

    Comment #12

    It’s not so much that Ashley is incompetent – he’s a preditory opportunist – the type that has been running the UK for the last 30 years.

    His breed is the reason the Germans laugh at the British: all show and incapable of sustained quality.

    How nauseating that everyone laughs at us for a condition he created.

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  • Ericles

    Jun 2, 2009 at 7:12 AM

    Comment #13

    Spot on Sawbuck!!!!! I am more and more convinced that what Ashley is doing is DELIBERATE.

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  • Mags

    Jun 2, 2009 at 7:30 AM

    Comment #14

    Ed

    I agree entirely with this piece. I said as much – only less eloquently – 2/3 days ago when first hearing of Ashley’s latest bombshell.

    We need the guy oot of toon; he has neither the wherewithal or the inclination to be the owner of this club and has alread dragged us into the gutter and beyond with his antics, intentionally or otherwise.

    HOWEVER, TIME IS OF THE ESSENCE. How can we appoint a manager, or get rid of old players / bring in new players, until the club is sold (or even more fearfully, taken back off the market again)? It is like putting a boxer in the ring with both of his hands tied behind his back.

    Ericles (13) I voiced the exact same concerns in my previous blog.

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  • Troy Stavers

    Jun 2, 2009 at 7:40 AM

    Comment #15

    The latest from a top source of mine is Shearer is staying. They are agreeing a 40mill overdraft to support the restructuring. Hopefully by the end of the week.. It means rebuilding can start and Ashley still sells – that means the overdraft will be a primary charge on the club as Ashley has written off his £150m loan. Shearer is doing it with both consortia’s blessing.
    I say Alan, you say Shearer,
    Britains got talent,
    I’m DJ talent!

    Troy will contacting his source later today to get more inside info.

    eye tank ewe four yor thyme and patients.

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  • Troy Stavers

    Jun 2, 2009 at 8:05 AM

    Comment #16

    Why does everyone dismiss JFK as some no hoper to take charge of club? This is one of his speeches man. I’m not certain if it was before the game or at half time but its inspirational.

    Let us think of education as a means of developing our greatest abilities, because in each of us there is a private hope and dream, which if fulfilled, can be translated into benefit and greater strength for everyone and our nation!

    Check some of his other famous speeches on the JFK website. I never knew he was such a great orator.

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  • Ericles

    Jun 2, 2009 at 8:45 AM

    Comment #17

    I know it is paper talk but I have been saying all along Owen will end up a toffee next season. The gossip says Moyes will offer him 50,000 a week. Really? The little parasite could not take a wage cut for us so why for Moyes? Add to that the signing on fee and loss to us of transfer fees it only further proves what a shite Owen is and always will be. A shite. Just like that treacherous beached whale Ashley.

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  • coyote

    Jun 2, 2009 at 9:17 AM

    Comment #18

    this fiasco is going to get worse before it gets better
    if Shearer walked away now I wouldn’t blame him
    he said the club needs a clearout from top to bottom well it looks like its starting from the top and the sooner the better
    time and tide wait for no man thats for sure

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  • lesh

    Jun 2, 2009 at 9:18 AM

    Comment #19

    An extract from today’s Journal…….

    “But, while there is firm interest from at least two consortia – one of which is based in Oman – there have been no bids.

    “It is a frustrating time for Shearer who has, with the help of assistant Iain Dowie, identified a number of players in both the Premier League and Championship he wants to bring to Tyneside.

    “Indeed, United sources have told The Journal key targets have already been sounded out about their willingness to move to Newcastle and deals could be completed within days if Shearer’s appointment is ratified by the money men this week.”

    Apparently shrewd moves from Shearer’s camp eh?

    This is turning into something like a game of chess played in the open…… Not good!

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  • lesh

    Jun 2, 2009 at 9:22 AM

    Comment #20

    Nice one …….Troy Stavers // Jun 2, 2009 at 8:05 AM .

    It’s clear that JFK’s rant at the press was contrived – what an actor the guy is too.

    Given his age…. “Ich bin ein Berliner”, the Cuban missiles, Marilyn Monroe…… is it any wonder he needed bypass surgery?

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  • Stardust

    Jun 2, 2009 at 9:26 AM

    Comment #21

    Stavers is correct in his assumption that if Ashley has negotiated a 40million overdraft to underwrite the business and support Shearers rebuilding, it is a given that his soft loan – which would have been a primary will have been demoted to a secondary charge. That means the bank will have first claim on the clubs assets if we went bust – in effect this means Ashley has already written off his 150million investment in us, and NUFC are 150million better off.

    If that is the case, and Shearer’s authority is rubber stamped by all interested parties as having the best interests of NUFC at heart, and a proper process of control is in place. We are in the best position possible to move on.

    Ian – You made a post the other day re strategy:

    If that was Ashleys strategy – it is a first class one for NUFC and its supporters.

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  • lesh

    Jun 2, 2009 at 9:32 AM

    Comment #22

    With Sawdust’s blessing, this looks like a goer!

    Who could the source close to Mike Ashley be?

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  • cicero

    Jun 2, 2009 at 9:35 AM

    Comment #23

    Troy #15

    This £40m overdraft makes sense. Ashley wants to get out so doesn’t want to put any more money in to the club. He wiped out the debt when he took over but something like £80m was structured debt for the building of the stadium (a bit like a mortgage). The talks last week were obviously about what is needed to take the club forward and how much that will cost. The next logical step then is to go to the bank and take out the loan. Ashley has dropped the price by about the same amount; so any buyer will buy the club for £90m -£100m but also take on the debt/mortage.

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  • Micky Toon

    Jun 2, 2009 at 9:44 AM

    Comment #24

    I predict Ashley to still be the owner of NUFC at the start of the new season. Not rocket science, but there you go.

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  • Stuart79

    Jun 2, 2009 at 9:56 AM

    Comment #25

    Micky Toon // Jun 2, 2009 at 9:44 AM

    I predict Ashley to still be the owner of NUFC at the start of the new season. Not rocket science, but there you go.

    I was top of the world then you say that!

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  • Nobby_Long

    Jun 2, 2009 at 10:11 AM

    Comment #26

    Well lets hope the bank approves the deal then, because we need to get the ball rolling.

    At least this way we will be able to buy, albeit modestly, without having to sell first. ( I know we will still need to sell the over paid flops soon)

    With Ashley’s model, no doubt we would have needed to sell first as we would not have had any working capital.

    Some exciting young talent, such as Beckford, mixed with a couple of experienced players and you never know…….

    Fingers crossed.

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  • Stardust

    Jun 2, 2009 at 11:01 AM

    Comment #27

    Nobby “With Ashley’s model, no doubt we would have needed to sell first as we would not have had any working capital.”

    This is Ashleys model.

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  • ian

    Jun 2, 2009 at 1:04 PM

    Comment #28

    I agree Stardust, if he is willing to write off that much money then he has effectively done two things, placed Newcastle Unitied in a good position for a club which has just been relegated and made the club attractive to anyone who thinks they have enough capital to get us back up again as it could be profitable for them to get us back up then sell for a modest premiership club price.

    It is the loan to Ashley and the existing contracts such as Xisco and Bartons etc which are unknown total liabilities, if it is true about Xisco then he could be £10m on his own.

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  • toonluvva

    Jun 2, 2009 at 5:17 PM

    Comment #29

    Sorry Ed but I’m not 100% behind you this time. Now in no way am I defending MA to the hilt, but it must be remembered that if he had not taken over from the previous owners there may not have been ANY club today.
    His big mistake, IMHO, was to place his trust in people who were just not up for the job. He made this worse by backing his appointees over KK.
    Ok, he now knows he was wrong, and has paid a high price in the money he has lost and in the general stick he has taken.
    Today he is faced with an awful choice of who to trust, LLambias or Shearer. He knows that Shearer is legend in these parts, but has no proven track record as a manager. Can he trust LLambias to go out and appoint someone else, remember relegation happened on his watch.
    MA can still make a good owner of NUFC, he just needs to get the right OFF the pitch team in place who will then set about getting the right ON the pitch squad together.
    It might take more than one season, and I would rather spend 2 seasons in the championship getting the basics right, than become a “yo-yo” team bouncing in and out of the PL.
    If MA does get a buyer for the club, lets just hope that hey are in it for the right reasons, that is to be in for the loooong haul of getting the best out of NUFC, and therefore their own investments. We need continuity and stability, not some “here today gone tomorrow” time wasters.
    I bought 3 seasons worth of tickets last season. I got 1 season of premiership disappointment, I just hope that next season will one of rebuilding and success, and I don’t care who is the owner if that is achieved.

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  • Tom_Toon

    Jun 2, 2009 at 7:33 PM

    Comment #30

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