These last few weeks have certainly tested the patience of Alan Shearer and the Newcastle fans, but we have to hope this current impasse is the last spanner in the works that Ashley gets to throw at the Newcastle club before he leaves Toon.
Is this guy on the same planet as Newcastle fans?
It’s hard to defend Ashley’s actions since the club was relegated, as he chose the worst possible time to bale out of the club, just one week after being relegated. That has put a block on any real business the Newcastle club can do in pre-season, and that’s lasted 5 weeks so far and unfortunately still continues.
That could ahve been solved very quickly be appointing a manager until the sale was made, and it was a good bet that Shearer was the man most consortia wanted at the club. But Mike refused to do that – why – we have no idea. But it’s costing the club big time just like some of his other dubious decisions over the last two years.
But apparently Shearer is still biding his time and thinks when a sale is made he will be able to take over the club, but it’s starting to look like Ashley will not install Shearer as manager seemingly as one last act against Shearer, the Newcastle club and the Newcastle fans.
How else can you look at Mike’s actions since we were relegated – we just don’t understand this guy – we don’t understand his actions at all – and they’re certainly not for the good of the club.
And when he bought the club we all thought that was good news. 🙁
A source close to Shearer said today:
“There are two groups talking to Seymour Pierce, maybe even three now and things are moving along, but there was never a meeting in London to decide anything on Friday.”
One question we have is why that meeting was reported just two days ago, and what will the local Evening Chronicle say today about the news they broke on Wednesday, now turning out not like they had reported.
It looks like the current saga at Newcastle will now almost certainly drag into another week and impact the plans for the return of the players after their short summer break.
We cannot believe we are still current favorites to be promoted next season, and we look at those odds getting longer as the Newcastle mess continues to deepen. Heaven knows what some of our transfer targets are thinking right now, but it will certainly not help the club recruit new players this summer – that’s for sure.
The major problem new owners are addressing is how to reduce the wage bill at the club, which was over 70% of the revenues for last year, which were said to be around £100M, and that is far too high.
With revenues being reduced by about half in the Championship, that wage bill has to come down to around £35M for next season, and that will be a huge challenge this summer.
Notice that wage bill will still be about 70% of revenues for next season. We hope for good news soon, even if it is now not expected until next week.