The BBC is reporting today that Newcastle United owner Mike Ashley is reconsidering his decision to sell the club and may opt to remain at St James’ Park and appoint former Leeds boss David O’Leary as the new manager.
David O’Leary – new manager at Newcastle?
That’s not new news as Mike returns from Hawaii, and will see there have been no bids even close to the £100M he wants for the club.
But it is also believed that Ashley will make a move this week to appoint David O’Leary as manager if he does remains at the Newcastle club.
Ashley put the club up for sale in May following their relegation from the Premier League to the Championship, and for a second time within a year has been unable to unload the club.
Radio 5 live’s Garry Richardson is quoited as saying:.
“My understanding is that there will be developments at Newcastle this week,”
“It could result in Mike Ashley deciding not to sell Newcastle if he can’t find a buyer at the right price. He might decide to cut his losses and stay as chairman.”
“If Mike Ashley stays it could lead to him approaching David O’Leary to be the manager.
“”As always with Newcastle it’s ifs and buts but certainly as things stand this morning, it could be David O’Leary and Mike Ashley could be staying.”
As we have reported earlier, local businessmen Barry Moat had emerged as a leading contender to buy the club, but it does seem that Barry just doesn’t have the money to buy the club, never mind invest in it for the future.
That’s unless he can get even more backing from the Americans said to be backing Moat’s bid.
David O’Leary has been out of management since he left his position at Aston Villa in 2006, and only last week was quoted as saying he had turned down an offer to manage Newcastle for two years.
But it does seem that something will give this week, but having the incompetent Ashley remain at the club, as far as we are concerned, will be the very worst news possible.