The Newcastle United club has officially been put up for for sale for £100M today.
The following statement was put up on the Newcastle United Web site this morning:
The Board of Newcastle United can today confirm that the Club is for sale at the price of £100m.
Interested parties should contact Newcastle United at email@example.com (or Keith Harris at Seymour Pierce) for further details.
The Club will not be making any further comment at the present time.
It still amazes us that Mike Ashley wants to sell the club at this time, for a massive loss of £150M. It’s like buying a stock at a high, waiting until it gets to an all-time low, and then selling to maximize your losses. You are supposed to do it the other way around!
As we have said a few times, we just don’t understand this man Ashley, and it’s a mystery to us how he made any money in the first place, with some of the business judgement he’s shown at Newcastle.
And we probably don’t even want to understand him right now, as long as he sells the club quickly and gets out of Toon.
That’s a great price for our club, and we trust it will be in new hands by the end of the month, but exactly how the club is to prepare for the new season in the Championship before then, remains a complete mystery to us.
Anybody got any ideas what can be done?