There could be some good news (yes – that is not another typo) being reported in the Evening Chronicle today, as Newcastle owner Mike Ashley is in talks with the Singapore-based company, Profitable Group.
Alan Shearer (with Dowie) – he could be smiling again soon – like the fans
The Evening Chronicle is reporting the far-east strategic global investment group are in the process of preparing a bid for the Newcastle club.
And the Profitable group have a strong Newcastle connection and also have former Liverpool and England midfield player, Steve McMahon on board as Group Commercial Director.
And something Newcastle fans, down in the dumps right now with the club being made a fool of by owner Ashley and his antics, will just love to hear, they have very ambitious plans for the North East club.
These are some of the things the Profitable Group would want to do if they are successful in their bid:
- Turn Newcastle into a trust which will give Newcastle fans a major say in club politics and draw similarities with the Barcelona model in La Liga
- Appoint Alan Shearer as manager and then back the Newcastle icon with transfer funds to help the side get back into the Premier League asap
- Ensure a footballing figure will be appointed at boardroom level, we suppose a rel Chairman, to ensure the series of high profile errors of Mike Ashley are never repeated
- Increase the capacity of St James’s Park to 60,000
A Profitable Group source told the Chronicle today from Singapore:
“Yes we are interested in buying Newcastle United – and we’re putting together a plan.” “We have spoken with Mike Ashley and Derek Llambias and we are hoping that we can reveal a lot more in the next few days.”
“We have people within the company who have strong Geordie roots that stretch more than 40 years.” “And there are people here who have a love for the club – we think that is vital for Newcastle at the moment.”
“The plan we have in mind is to get the club on a sound financial footing first and foremost.” “Then we aim to turn the club into a trust.” “It will be very similar to the Barcelona model where fans have a major say on what happens at the club.” “Without any question we see Alan Shearer as the man to manage the team.”
“Yes, we have Steve McMahon on board but he is not looking into management.” “He is though a football man and understands the game inside out.” “There is also scope to look at increasing the capacity to 60,000 which is being explored.”
“We will look to give Alan money to spend and funds to build his squad – but we have to say now that we are not interested in highly paid players at this moment in time – we won’t be a Chelsea.”
That must be like music to the ears of Newcastle fans – is this a dream? If so don’t wake me up.
The source also made it clear they see Shearer, who has been backed overwhelmingly by the Geordie fans, as their number one choice to lead the club back to self respect, after Ashley has mauled the image of the club over these last 12 months.
The source added:
“What this club needs now is somebody who understands the area, understands the people and how this club works.” “Steve McMahon can offer expertise in the background. But Alan is the man we want.”
However, the next move will be dependent on Ashley and his cronies, and that’s always bad news. But the talented Seymour Pierce investment banker Keith Harris, who has been entrusted to sell the club, should be able to guide Ashley to the buyer who is best for the club, as long as they can come up with the £100M figure.
The source continued::
“We are not in the business of misleading people.” “We have put a plan together and it’s one we think that the fans will be behind.”
“Newcastle is a fabulous club and we are hoping that we can reveal more in the next few days.”
This could be what we are all looking for, but Ashley has insisted the first group to offer £100M gets the club and of course we wouldn’t expect Ashley to pick the buyer who would be best for the club – that would be silly of us.
But we will have to hope we do hear more from this group in the next few days as they look to capture a proud club they seem determined to make great again.
This Profitable Group lloks very interesting indeed to us.
Let’s keep our fingers crossed.