It may be very difficult to get Mike Ashley to sell Newcastle, and even if he again commits to sell, we’ll have to go through all that upheaval, with the strong likelihood that no buyer comes in to pay Ashley the £300M he will need to sell the famous Newcastle United club.
Mike Ashley – plough profits back into the club
But with all the money about to flow into Newcastle’s coffers from the new Premier League TV deal over the next three years – Newcastle should start to make some significant profits.
And it’s likely that Newcastle will get around £80M from the Premier League for this season, and they will dish out between £60M and £100M in May to evey PL club – depending among other things on league position.
That will be £40M more than Newcastle got from the Premier League for last season, so we expect that top line revenue item to go straight to the bottom line and become profits.
What we need is to get from Mike Ashley is a commitment to what Derek LLambias had said many times – that the profits would be ploughed right back into the club.
Maybe that money will not fully be spent on new players, but that would give Newcastle some big money to wisely spend in the transfer market, and of course there’s no reason why we cannot still get some good deals – like for free agents as one example – there’s never been anything wrong with that.
Other things like building up the Scouting network under Graham Carr, building up the Newcastle Youth Academy, and improving the facilities of the club will also get some increased investment.
So perhaps at the next meeting of the fans forum, those representing the club could ask if the Newcastle profits will be ploughed straight back into the club.
And if the answer is no, the next question should be – why not?
If Ashley does plough the money back into the club,Newcastle should be in very good shape to start building a great side again, and of course Newcastle will be able to also pay out bigger wages to attract the top players.
That sounds good to us.
What do you think?
Follow us on Twitter, like us on Facebook and +1 on us on Google+