Ashley May Keep Newcastle And Pump £40M Into Club

We’ve been less than confident for the last few weeks that Mike Ashley will be able to sell the Newcastle club before the end of the month.

mike ashley 6893

Mike Ashley – to keep players and invest £40M for wages?

And we think Mike will need to make a move soon, as time is starting to run out on getting new players in, and before you can do that you need a permanent manager in place, however good a makeshift job Chris Hughton and Colin Calderwood have been able to do during the summer.

And the Times is reporting that Mike Ashley, the Newcastle United owner, is now ready to retain possession of the Tyneside club for at least another year.

The Times reports that Ashley and Seymour Pierce, the investment bank charged with handling the sale of the club, have now set a time limit on the two consortia still involved in substantive negotiations, of this coming Friday to buy Newcastle.

The Times is saying that current owner Ashley believes the beginning of the Coca-Cola Championship season this Saturday is a crucial time water-shed time for the club.

Once the season starts the chances of a sale happening will rapidly diminish, from what are not very high odds to begin with.

Mike Ashley will commit himself for another 12 months to the Newcastle cause, in the hope that a return to the Barclays Premier League will be achieved at the very first attempt by the current squad.

A source told the Times:

“It all depends on how much the consortia are willing to pay and how much they are willing to subsidize the club,”

“Mr Ashley might take the view he would be a better owner.”

But a source in the City has said the chances of a sale proceeding now stand at no better than 50-50, and that seems to be high odds to us.

Ashley of course has refused to appoint a new permanent manager, so as not to upset the plans of any incoming owner, but that excuse will now go by the boards and he will need to appoint one, maybe before the game on Saturday at WBA.

It will certainly be interesting to see who he will bring in to manage the club in the Championship.

The Times is saying that Joe Kinnear will not be appointed, but we also doubt that Alan Shearer will be hired by Mike, after he has essentially completely ignored the local hero all summer.

The experienced Alan Curbishley has also been linked with the role, and it is thought hat Mike may try to keep as many current players as possible to mount a promotion season, starting this Saturday.

The Times reports Mike is even willing to pump about £40M of his own money into the club to cover the wage bill, and help them in their attempt to secure promotion.

But that would be a huge surprise if Mike did that, although it would be a massive investment in the club by Mike, and may be even be appreciated by the still loyal Newcastle fan base.

We estimate after the Martins sale the wage bill is about £56M with more players set to leave before the end of this month. We can probably afford a wage bill around £35M on our revenues for next season, so anything above that would need to be an investment.

But of course a successful Newcastle side will soon attract bigger gates, and if Newcastle are leading the league we would expect 52,000 home gates and good money going into the Newcastle coffers.

The identity of the two consortia remains a well kept secret, although it is understood that at least one is from the Middle East, and a group based in the United States has also been involved in recent talks.

Keith Harris, the executive chairman of Seymour Pierce, still expressed optimism last night that a Newcastle  sale could be completed by the end of the month, but that prospective buyers wanted to see more evidence of the wage bill being reduced before committing themselves.

We have to believe that something will break soon, and if Mike decides to keep the club another year, employs Alan Shearer, and pumps £40M into the club to keep our current players on their current wages for the coming season, he may even get a few Geordie fans behind him, after overseeing the disaster of this summer.

But the good news is there may still be time to correct the many bad decisions that have been made these last 10 weeks, and appointing Alan Shearer would be one very good step to take – immediately.

Comments welcome.

80 comments so far

  • Isaac Hunt

    Aug 5, 2009 at 12:20 AM

    Comment #1


  • Geordiedoonsooth

    Aug 5, 2009 at 12:29 AM

    Comment #2

    This is the worst bit if news I’ve heard in the 54 years I’ve been supporting the Toon. If this happens I am defintely finished with them I hope Ashley rots in hell

  • toonarmy_72

    Aug 5, 2009 at 12:31 AM

    Comment #3


    I was expecting a article on the Harris interview on radio 5, just the times is yet again a close source, where the harris interview was a direct quote!!!

    I say lets forget the sale of the club and a manager, and get ready for Saturday… 3 points against a decent WBA side will help with the sale of the club one way or another…..

    Night lads,

    See all tomorrow morning at 8am with some trash in the papers and more of you lot talking crap about the sale of the club. For me its about getting behind the players we have and the two coaches in my mind have done a superb job under harsh conditions….


  • baro

    Aug 5, 2009 at 12:35 AM

    Comment #4

    I really don’t give a f**k what happens i just want to bring new players in get a true manager in, and not chris hughton and cc in , i also would want to keep the players that we have now and continue with couple of new guys. Owner has too be from the dubai company DIC.

  • baro

    Aug 5, 2009 at 12:36 AM

    Comment #5

    Also if one consortia is from the middle east, than it has too be the DIC GROUP or SIROUS MAHJOOB. I would take any of them 2.

  • joe

    Aug 5, 2009 at 12:52 AM

    Comment #6

    This would be good news IMO. It would be far worse than him doing nothing and letting it rot. It also might be better than having someone else take over and treat us to their own bizarre style of running the club. We’ve already seen how something potentially good can turn out worse than that which preceded it.

    I’d like to see him eventaulyl come out of this deal with as much as what he spent to buy it etc. He was royally turned over by Shepherd and co. His own fault perhaps but it still wasn’t right.

    However if he wants to salvage his ownership a few things would have me back on his side. Publicly say he trusted some people for advice which turned out to be hopelessy wrong. He needs to say taking Wise’s side over Keegan was a huge mistake. He also needs to get his chairman to buck his ideas up or get Mort or a.n.other installed who can do a better job.

  • Foluwashola Ameobi

    Aug 5, 2009 at 12:53 AM

    Comment #7

    I also listened to the Keith Harris interview. His timeframe for a takeover was the end of this month and he seemed to think a few players could be coming in this month aswell as the departures.

  • Joseph

    Aug 5, 2009 at 1:36 AM

    Comment #8

    Somethings got to give one way or another the limbo cannot continue, we need a manager and we need to freshen the squad and if that means putting up with ma then so be it but this limbo can’t continue

  • Charlie Toon

    Aug 5, 2009 at 1:36 AM

    Comment #9

    I don’t think it really matters who the owner is, the position we need most of all at the moment is a manager! With the sale of Martins, Bassong and Beye we could buy all the players we need for the upcoming season. £22 M could buy us a decent forward, creative midfielder or two and a decent defence. So money shouldn’t be an issue!

    I know Ashley has made mistake after mistake but we’ve never had a long term manager installed under his control (apart from Keegan but surely he’s learnt his leason after that!). He should give full control to whichever manager he employs and there’s no reason why we can’t be successful this season!

    I would be more than happy for Ashley to retain control of the club as long as a commited manager is installed ASAP with the club’s best interests put as a priority!

  • Aussie Magpie Fan

    Aug 5, 2009 at 1:42 AM

    Comment #10

    Do you really believe that if MA admits his mistakes and says sorry about the KK affair and sorry about backing Dennis Wise, things will be all better. Mike Ashley has become the panacea for all of the clubs failing as far as some fans are concerned. To me it wouldn’t matter what he did he would still be considered an a*rse hole. I have stated on this site before that I think a large part of the problem stems from some of the fans. Think back to just under a year ago.. If some of the fans hadn’t thrown the baby out with the bath water when KK spat his dummy and left we wouldn’t be in this position. You all called for his head and wanted him to sell. When he complied with this it effectively wiped out any chance of signing a top class manager to fill KK shoes. What manager in their right mind would take on the role knowing the club was for sale! Now a year later he is still trying to sell the club as per the fans wishes and you are still complaining about him. I have read so many blogs on this site how secretly he is trying to destroy NUFC from the inside out!.. From what I can gather he is trying to sell the club and get on with his life. Why shouldn’t he get try and get the best possible price for doing so. If any of us sold our cars or houses we would hold off for the best offer. The ones I will really feel sorry for are the new owners (if they ever apperar!!). If they don’t spend the right amount of millions on new players, asign the right manager, or we are not playing attractive football on the park… We will be hearing the same complaints from the same fans. I keep stating “some fans” as we are not all MA haters. I feel sorry for the bloke. The amount of crap he has to put up with is unbelievable. Even when he is doing what the masses want he still gets slagged off! What makes me laugh the most is when some fans call for the boycotting of purchasing Food or merchandise from the ground or stores. Who do you really think you are hurting MA? No you are hurting the club. Another point, when NUFC sell a player like Oba, the money doesn’t go directly into MA’s pocket. Give me a break, the club is in massive debt, have a think about where the money goes… All this MA bashing is getting tiring and repetitive.

  • Gosforth Phil

    Aug 5, 2009 at 2:59 AM

    Comment #11

    If he had REALLY tried to sell the club,it would have been sold.
    £400m+ lol.
    The man’s an ar5e on a good day and a complete t00l the other 364.

  • Aussie Magpie Fan

    Aug 5, 2009 at 3:37 AM

    Comment #12

    It continues to amaze me how easy people think it is to sell a football club. MA is not selling a car or a packet of smokes… It is far to easy to sit back and say he is doing this or he is not doing that. What does anyone know about selling a club. NOT MUCH AT ALL! Don’t get me wrong, I am as gutted about the clubs situation as the rest of the NUFC fans out there, but I really think people need to step back and be realistic about what is going on.
    I think you will find that if it is not sold by the end of this week he will appoint a full time manager. Imagine if he appointed Shearer some weeks back and when (if) the new owners took over they didn’t want him. We are the butt of many jokes as it is without having numerous managers before the season even starts!!.
    Let’s back the team on weekend and remember why we support this club!.. In the end it is about watching the lads kick a ball around the park and supporting them the best we can..

  • nufcc

    Aug 5, 2009 at 4:51 AM

    Comment #13

    Aussie magpie: We know it takes long to sell a club, but does ashley know that? i dont think so, thats why no manager incharge. Also the constant lying by MD Lamb-arse hasnt helped.

  • ginkoh

    Aug 5, 2009 at 4:57 AM

    Comment #14

    If he do so, It’s mean we have to face :

    1. Temporary manager who waiting for sack or change again next season when Ashley put the club for sale again.

    2. We have to stuck with want-away owner and the most worst chairman in the football world.

    If he turn to stick with club again, what the fucXing he done since we relegation !? Don’t they show their stupidly and unprofessional ? If they have a little bit of cell in their brain, They should know what they’ve done is totally Bullshit !!!

  • Rangerman

    Aug 5, 2009 at 5:01 AM

    Comment #15

    You have to wonder about the finances of the people interested in buying us the way they are happy to wait until the end of the window before putting a bid in, Harris’ comments last night about selling Martins to prove to the potential owners that the big money players could be sold suggests we’re not dealing with people who have that much available cash IMO if they can’t even take a short term hit.

    Realistically if anyone did buy the club I wouldn’t expect much more than them appointing Shearer while giving him a few million to spend as long as he gets the wage bill down further, pretty much the same as I would expect from Ashley if he did stay.

  • Rangerman

    Aug 5, 2009 at 5:02 AM

    Comment #16

    what the fucXing he done since we relegation !?


    Trying to sell the club, which is what the fans want.

  • Tom Mo.

    Aug 5, 2009 at 5:15 AM

    Comment #17

    I agree Rangerman. however if we have good structure and work our way back up to the premiership, with balanced books, some1 rich may come along with a big offer which the owner will accept for a profit..and then we’d be where we want to. but for now id just like to see a professionally run team with goals and ambition which competes every game. thats all i ask, mere competition every match.

  • Alex

    Aug 5, 2009 at 5:47 AM

    Comment #18

    As the saying goes “beter the devil you know than the devil you dont “. the people that have been looking to buy the club are looking for a cheap investment , so how much money would they be prepared to invest in new players ?
    If these report are right then i would say well done ashley ,so long as it is the right manager he appoints . Although Shearer would be everyones first choice it does not have to be him . There are some good managers out of a job that would get us into the promotion race with this squad plus a few new faces and the deadwood gone . Appointing a permanant manager may even persuade Beye at least , to stay and help the cause . if we get stupid money for Bassong we can still bring in a couple of good defenders to replace him . Sol Campell was reported to want to come at the begining of the summer , He would be a great signing for the younger defenders to learn from .

  • Ericles

    Aug 5, 2009 at 7:22 AM

    Comment #19

    Will someone please tell Ashley that the clowns Coco and Charlie Carioli are no longer available for long term employment. This item stems from the Times – supposedly responsible. I warn caution still abou anything the media has to say these days. It is the Gorshkov Principle again – when the balloon goes up we go with what we have got because there will be no time to call for reinforcements. Whatever, whoever – the priority is to beat West Brom and a draw or loss will NOT do at all.

  • Geordiedoonsooth

    Aug 5, 2009 at 7:23 AM

    Comment #20

    When was Harris interviewed on Radio 5?

  • Toon_Army

    Aug 5, 2009 at 7:34 AM

    Comment #21

    FRANK LAMPARD has urged his England team-mates to win the World Cup – in memory of Sir Bobby Robson.

    Lamps admits the death of former national boss Robson has hurt the Three Lions squad – and made them even more determined to succeed in South Africa next year.

    Robson guided England to the semi-finals of the World Cup at Italia 90 only to go out on penalties to West Germany.

    But Lampard, speaking at an event organised by England team sponsors Nationwide Building Society, believes it would be fitting if Fabio Capello’s team went at least one better next year.

    The Chelsea midfielder said: “It would be fantastic and a great tribute to Sir Bobby. And we believe it’s possible.”

    Frank Lampard has gone up in my estimations!!!

  • JinkyGenius

    Aug 5, 2009 at 7:37 AM

    Comment #22

    Mmm, exactly as I suggested should happen last week much to despairing cries and worse. And, as I also said then, it is up to fans to bury the hatchet with MA (somewhere other than in his thick head, please). Logically, this IS the best solution IF (and this is the big IF) MA has learned from his mistakes.

    Personally, I think the freeze on comings and goings has strengthened the club as it seems 70% of the players coming in of late have been at best disappointing, and better the devil(s) you know. With parachute money this is the only season he can mount a full on charge for the Premiership – next season will be disastrous. For an investment of 40m he can triple that in the increased value of the club with promotion – good business odds I would have thought?

    As for Curbs as manager – if only! Personally, I would have gone for Steve Bruce as soon as last season finished – but we know what happened there. Shearer’s lack of positivity will only drag the club down further, as he often did when captain, not to mention his lack of hands on experience so what do we gain? We would have been better off leaving Pearson in place! If Shearer really loves the club, go and do some management training in the lower leagues, win a promotion or two, and return with a little more wisdom (and humility) and I will be the first to applaud.

  • Hobs

    Aug 5, 2009 at 7:41 AM

    Comment #23

    “Mr Ashley might take the view he would be a better owner.”

    Then who are the alternatives? Kim Jong-il and Amy Winehouse?

  • belfast toon

    Aug 5, 2009 at 7:41 AM

    Comment #24

    I feel a lot more at ease today after the kieth Harris interveiw , knowing the clubs sale is not ‘iminent’ means I’m not glue to ssn 24/7 getting wound up

  • belfast toon

    Aug 5, 2009 at 7:45 AM

    Comment #25

    There is a Newcastle utd specail on 5live tonight 7:30

  • belfast toon

    Aug 5, 2009 at 7:49 AM

    Comment #26

    tWas 9 o’clock theirs probably a pod cast the show was about football clubs in debt Harris was asked a few questions about the toon

  • Ericles

    Aug 5, 2009 at 7:54 AM

    Comment #27

    On another issue. I was shown the article by Mick Dennis in Tuesday’s Daily Express. It was a sour and nasty back-stabbing piece of bile about Wor Bobby. It is full of innacuracies, unfounded speculation etc etc. OK Mick Dennis – you are not related to another forgotten comedian are you?

  • Nick D

    Aug 5, 2009 at 7:59 AM

    Comment #28

    Jinky genius

    You’re a brave man saying that, but I echo every word. Well said.

  • Ericles

    Aug 5, 2009 at 8:07 AM

    Comment #29

    All fantasy. Ashley would rather take us into administration than put even £40.00 into NUFC. He haggled over the air fare to Dundee for heaven’s sake! More players will be sold before the deadline. Lower paid loan players will be their replacements and we had better hope our youngsters can fill the breach, and quickly.
    As for a manager? Some other hackneyed journeyman will be recruited to maintain an average Coca Cola team. I will give no credence to Ashley or his cohorts. As for Jinkygenius – think again.

  • NUFC-0809-Oh Dear

    Aug 5, 2009 at 8:25 AM

    Comment #30

    £40M of his own cash, thats a joke, where is the Oba, Bass, Beye money going?

    Ok, so we may be lumbered with Cashley but at least he has realised that the club cannot be run withoutsome cash injection on his part.

    Hopefully, if he does remain as owner, then he will stick it out for a full season rather than causing turmoil around Christmas time like he did last year!

    As for manager/players in, I have no idea, all I do know is with potentially a minimum of 3 out of the door, our already small squad has taken a battering!

  • C

    Aug 5, 2009 at 8:34 AM

    Comment #31

    I don’t think he will pump that money in the club out of good will I think he will lend the club the money as he has done with the 100 million debt that he cleared when he first bought the club.

  • ian

    Aug 5, 2009 at 8:36 AM

    Comment #32

    Rangerman- funds???

    What a silly thing to say, I have heard the same from people trying to sell expensive houses in the recession and still expecting to get the same money they were asking before!!

    I bet they cant afford it!!

    NO. They are asking too much for it!!

    If at the end of this he does put £40m in, then the stupidity of these people is beyond belief, £20m as sweeteners would probably have got all of the premiership players or at least most of them , maybe not Xisco off the books and that would raise the true value of the club, with them gone the club would turn a profit next season providing it did not have to repay Ashley’s loan.

    If he had done that when the transfer window opened, now still without a buyer he could have simply added championship players to the team to the team.

    No new owner would want Barton, Xisco, Smith, Jonas and all of that lot anyhow.

    They are not capable of buying good players or selling bad ones when they have the full window so how they will deal now is beyond me, they should have had Roeders help with purchases and loans he did well with the few players he was allowed to get, too late now.

  • Ericles

    Aug 5, 2009 at 8:40 AM

    Comment #33

    What is the source of the Times information? Where is the concrete evidence? This speculation has about as much value as an extra dollop of tomato sauce. Ashley is nowt but a manipulative snake in the grass – just like the wriggling journos who babble on about NUFC. I think Ashley has had acceptable offers (but I am honest and admit I have no proof) but is waiting to see how much he can make on outgoing players first. Whatever happens and whenever it happens he is on his way. The only people who will pay eventually is us, the toon army!

  • Jezza

    Aug 5, 2009 at 8:43 AM

    Comment #34

    This comes as no surprise. I never really believed Ashley was genuinely trying to sell the club. We should know by now that pretending to put the club up for sale is Ashley’s regular trick whenever he is under pressure and needs to buy himself a bit of time. This summer he used it as an excuse for:

    1 Not giving Shearer the manager’s job

    2 Not signing any new players

    Between now and the transfer deadline, Ashley will sell as many players as he possibly can, but apart from that nothing will happen. Then come 1st September, three significant things will occur:

    1 The club is officially taken off the market

    2 The club goes into administration

    3 Ashley finally appoints a new manager, and despite earlier denials, you can bet your life that manager will be Fat Joe Kinnear

    By the time the January window comes round, we will be struggling at the bottom end of the Championship. Instead of strengthening the squad, Ashley will use the window to sell the few decent players we have left, ie the promising youngsters who have come through since the start of the season, Ranger, Lua Lua, Vukic etc with the inevitable result that we are relegated again next May, when Ashley will once again put the club up for sale and the cycle will just keep repeating itself.

  • magforlife

    Aug 5, 2009 at 8:49 AM

    Comment #35

    Its all speculation but what i am so pleased about is the deadline.
    My biggest fear was that it would drag on to the end of the transfer window and end up with the same owner with a five a side size squad.

  • Geordiedoonsooth

    Aug 5, 2009 at 8:49 AM

    Comment #36
  • bozo

    Aug 5, 2009 at 9:00 AM

    Comment #37

    40 million investment? You must be kidding me if he was willing to invest a penny he already would have to make the club a more saleable proposition. I told you all right the club would not be sold at 100 million plus whatever debts the fat man is just laughing at us all.

  • Eaststander

    Aug 5, 2009 at 9:17 AM

    Comment #38

    No thank you. Next please.
    Actualy if there is a story that he might keep it may be we will be sold today!! hopefully. If he stays I will climb over to his seat and stab him at the Reading match or whenever he gives me a chance.

  • bill

    Aug 5, 2009 at 9:20 AM

    Comment #39

    This article is rubbish.

    As we said yesterday evening, this is just a bargaining ploy.

  • Lew Davies

    Aug 5, 2009 at 9:32 AM

    Comment #40

    Ericles – you really do talk through your arse.
    Give your head a shake man.
    What has he got to gain by putting NUFC into administration?
    Some of you guys are so hysterical its pathetic.
    I admit I dont know anything, but I do tend to agree with Aussie Magpie Fan above (11) and JinkyGenius (21). Sound comonsense in there. Sometimes it makes sense to take a step back and reassess your opinions b4 gobbing off on some hysterical rant.
    Everyone thinks they can do it better, thats human nature, but in reality its just not always that simple.
    I know MA has made cock-up after cock-up, I bet he knows it too, and if he could have sold the club at a reasonable cost, then I am sure he would have. But the reality is he doesn’t have to take a massive hit just because you want him out.
    At the end of the day I dont want that thieving fat pig Shepeard back at the club. He fleeced and raped this club for many years and is mostly to blame for the state of the finances now.
    Oh but its ok because 1) he is not a cockney,2)he loves the club. My f**kin arse.


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