Then only thing Newcastle fans are worried about right now is if and when Mike Ashley is going to sell the club and get out of Toon.
Mike Ashley and Barry Moat – in happier times
There doesn’t seem to be too much new news on that today, and it looks like Newcastle businessman Barry Moat is still trying to find the funds necessary to buy his local football team from Mike Ashley.
Moat was said to be unhappy when his interest in an acquiring Newcastle was made public a week or so ago.
And Moat is still working diligently with lawyers to prove to Ashley that he is indeed a serious bidder, who can provide the club with a convincing financial package and a good and effective action plan to move forward.
It looks like Mike Ashley may believe he is in a better position than Barry to do just that, over the next two years, and therefore he has threatened keep to keep the club and bring in David O’Leary, before trying to sell it again either next summer or the year after.
At that time presumably the club’s financial books will be in better condition, and we may again be a Premier League side again.
But the scenario of Mike keeping the club will send shivers through the vast majority of Newcastle’s world-wide fan base, who are hardly pleased that Ashley has wrecked the club, during his short two year stint as owner.
As we reported yesterday, Moat’s bid is believed to include investment from Collingwood Insurance’s CEO Alan Beenshill, but the bid is still short of the £100M being demanded by Ashley.
Ashley is now saying that no deal will be done before the Reading game on Saturday, so that means Newcastle will have at most just two weeks to strengthen their squad, and rid themselves of more high wage-earners, to get the wage bill down to something that is affordable.
And news today that Newcastle’s financial controller, John Irving, has been in central London over the last seven days working with potential investors, so we think the deal is still potentially possible, if only Barry can get enough investment to close the deal.
If any fans had thought this would be the situation at the club after almost 12 weeks since we were relegated – nobody would have believed it. – nobody.
But that’s only because we were not clear on the depths of the incompetency of Mike Ashley in football ownership. The man has no right owning any football team, when he acts the way he has this summer.
Mike’s actions are completely consistent with being spiteful towards both Newcastle’s players and the Newcastle fan base.
And that’s not meant to unduly criticize or attack Mike – it’s simply the truth – and based on events of the summer.