The financial figures released by the Newcastle club yesterday showed the club are getting into good financial health, and things are certainly going in the right direction.
Mike Ashley – right offer could tempt him to sell?
And Mike Ashley still has a loan of £140M he has given to the club, and for which he is receiving no interest, and he doesn’t seem to want paid back anytime soon.
We think that loan will remain outstanding as long as Mike Ashley owns the club, and then when he sells it, the loan will be paid back as part of the deal.
And LLambias has also said that if Mike receives a decent offer for the club, he’s not sure whether Mike would sell, and of course if somebody came in right now and offered say £400M, then that’s a good offer and presumably will give the owner more than £100M in profit on the deal.
Whether anybody would be willing to pay that for Newcastle we have no idea, but this is what Derek said about Mike possibly selling the club:
“If somebody came along with the right price, we’d have to consider it.” “Whether Mike would sell it I don’t know.”
“He’s comfortable and it’s not as if he has reached that platter where he has to put loads of money into it.”
“We are in a very good space with it. Would he sell it, I’m not sure?” “As for the loan he’s prepared to leave it there and he’s not charging for it.”
“He still dips into his pocket for players.” “He’s give me permission to buy another player.” “We haven’t sold anybody, and he knows his responsibilities.”
Mike Ashley’s financial vision for how Newcastle is run is starting to be seen by the fans, hopefully, and certainly things look good for Newcastle over the next few years.
We have to hope the club continues to build up their squad, and from what we can tell, the financial picture will only get better and any profits will be ploughed straight back into the club, according to Managing Director Derek Llambias.
That sounds good to us.
What do you think?
Comments always welcome.