Putting the club up for sale one week after being relegated is probably the worst possible time for any club to be sold.
Ashley – his ownership has been a tragedy for Newcastle club
And that is being proved many times over as it is now 3 weeks since the club was relegated and everything is tied up in the sale of the club, and absolutely nothing else, let’s repeat that , nothing else is getting done.
We have no manager and even with four consortia said to be interested int ill take at least another month (at least) to get new owners in.
And what Mike Ashley, who is proving more incompetent in business dealings than even we had thought, is planning to do once the players return from their summer break on July 1st, is a complete mystery to everybody, and probably to Mike too.
A Newcastle source said today:
“As far as we know the Profitable Group still haven’t provided proof of funds and we are waiting for that. We are still talking to a number of different groups and the whole thing is ongoing.”
Ashley has said he is prepared to accept the first offer of £100m which is vetted by Seymour Pierce, but with selling the club after it has been relegated he is almost ensuring the club will be in the doldrums for quite a while.
The chances of being promoted from the Championship next season are now rather remote, and in fact the best we can do next season is to ensure our survival in the Championship.
That’s probably a more realistic way to look at things, because we don’t see the current situation changing much at the club until an owner is appointed, and that could still be a month or more.
Books will be written about Ashley’s tenure at Newcastle that will pick apart every bad decision he made, and how he took the club into the Championship with a £74M squad, after allowing players (Xisco, Gonzalez) to be brought in without the then manager, Kevin Keegan’s knowledge.
Well those two were great last season weren’t they?
What we would like to see is Alan Shearer hired while the sale in ongoing, so he can start to get some work done, but for whatever reason Ashley seems dead against that, even though he still hasn’t given Shearer an answer – good or bad.
Ashley may be good when he’s managing Sports Direct, but he’s worse than incompetent running Newcastle United – he’s proved that many times over – and is still going.