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News and Commentary On Newcastle United Football Club By Ed Harrison, A Proud Exiled Geordie And Lifelong Fan

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Mike Ashley Getting Ready To Sell Newcastle

7:41 am, Friday, February 7th, 2014 by Ed Harrison · 56 Comments

At times of crisis like we have at the moment on Tyneside, and we’ve had far too many of them during Mike Ashley’s frustrating reign at the club, there are obvious calls, or more accurately hopes, that the owner may be selling the club.

mike ashley  -6208247

Mike Ashley - thinks – how much can I get for Newcastle?

We’ve had a number of emails from readers over the last week, saying they have knowledge that Ashley is ready to sell the club – maybe in the summer – and is currently asset stripping the club before he sells, so he gains as much money as he can from the deal.

And if indeed Mike is thinking of selling the club, we could see even more of our top stars leave in the summer.

Loic Remy will leave, but he’s not a Newcastle player, although other players like Tim Krul and Mathieu Debuchy  could be sold in the summer.

But around £300M is what Ashley will ask for the club, so he gets all the money back he has invested in Newcastle, although that could be reduced if the owner does try to unload more top players in the summer.

But that still seems to be expensive for a club like Newcastle.

We thought back in 2008, when Ashley first put the club up for sale, that Newcastle would be a great buy for any Billionaire, mainly because of the fantastic and legendary fan support at the club.

But that didn’t turn out to be the case, and we are a little bemused why in two former attempts,  Ashley couldn’t  sell Newcastle – even when it was up for sale for only  £80M during our year down in the Championship.

It’s now closer to £300M, and for that figure Newcastle would be a tough sell – always assuming Mike Ashley will to try to sell the club again.

Unfortunately, we don’t think he has any plans to sell, and fans have to hope he will spend Newcastle’s significant profits from the Premier League this summer, and bring in four or five top players, and also keep the good ones we already have.

But there’s also a lot of hope in that statement, and because of his complete lack of ambition for Newcastle, he’s steadily ruining the once famous  club.

And in the almost seven years he’s owned Newcastle United, we’ve lost far too much ground on the other top English clubs.

What do you think?

Comments welcome.

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Tags: Financial Fair Play · Financials · Premier League · Transfer News and Rumours · Transfer Target





56 responses so far ↓

  • 1 Lilongwe Geordie // Feb 7, 2014 at 7:43 AM

    Firebug,
    I agree with most of that. Certainly it is time to evaluate and assess the players. We are virtually safe now, so I would recall Vuckic, Ferg, Newton, Campbell, involve Bigi and Streete, maybe Satka, Mbabu etc and say right, this is your chance to prove that you have a future. Go out there without fee of relegation, and under no real pressure. If you perform you will be involved next year, if not then time to move on. (Maybe move on is a bit harsh for Campbell, Streete, Satka and Mbabu)

  • 2 Slank // Feb 7, 2014 at 7:43 AM

    Sage @ 5

    He didn’t have much of a choice as hitting a colleague is generally a sacking offence in most companies and is sometimes followed by a court appearance. Interestingly it doesn’t seem to apply to players fighting amongst themselves.

  • 3 archaeomag // Feb 7, 2014 at 7:45 AM

    ED ; Perhap a “?” in the headline?
    as you say;
    “Unfortunately, we don’t think he has any plans to sell”,

  • 4 Lilongwe Geordie // Feb 7, 2014 at 7:46 AM

    Nap,
    I’m not sure that is a good thing or not that you wouldn’t report your superior for physically attacking you at work. Even if Streete and his dad did go to the club and ‘snitch’ I still don’t see it as him doing much wrong.

    Anyway, good riddance to Donachie, it must be tough for him using a lot of the younger players, but we still sit on just 13 points from 3 games, 2nd or 3rd bottom, with the worst defence in the league. Him and Beardsley are hardly doing a great job at developing our development squad.

  • 5 Lilongwe Geordie // Feb 7, 2014 at 7:49 AM

    Ibiza,
    I look forward to the challenge!!

    It doesn’t fit at all with Rangers, and maybe just buying a percentage stake at a bargain basement price to sell later was all he ever planned. That and the fact he has bought the merchandising rights and stadium naming rights as well. He could well just be speculating on the value appreciating substantially once they resume there 2 team league with Celtic.

  • 6 Transfer Sage // Feb 7, 2014 at 7:52 AM

    lilo

    I imagine the Scots wouldn’t take the change of name the same way we did, there’d be a lot more than shouting out.

  • 7 Transfer Sage // Feb 7, 2014 at 7:52 AM

    http://www.bbc.co.uk/programmes/p01q02wv

    listen to the first caller, 20mins in, sums it all up well

  • 8 Slank // Feb 7, 2014 at 7:52 AM

    Ed, listen by all means to what fans say but use your professional judgement.

    If Ashley caught out all the highly paid City analysts over Debenhams, whose jobs it is to know what is going on, do you honestly think some fans know the inner secrets and future intentions of Ashley?

    He will sell when he feels like it.

  • 9 Lilongwe Geordie // Feb 7, 2014 at 7:54 AM

    Sage,
    I agree, although I imagine Celtic fans would probably give him refuge if he did…

    I reckon that is why he has done nowt despite owning it for over a year now. Someone will probably want to do it eventually though, and then they will have to pay Ashley’s premium price for the pleasure of it.

  • 10 catchy in norway // Feb 7, 2014 at 7:55 AM

    ED

    remember when you used to comment

    7 Ed Harrison // Sep 23, 2007 at 7:46 PM

    John,

    1) That’s what we were wondering – they seem to score and then defend – and they really let West Ham come at them. But Sam pointed this out and it was not under orders to go defensive. So agree there.

    2) Think Sam finds it hard to drop harper – becasue he’s done absolutely nothing wrong. SDhay back Tuesday so we’ll take it from there. On our poll 3 out of 4 though Shay was better keeper.

    3) It was a bad miss by Oba but he made the chance himself – that’s Oba – not a good time to worry – he needs more playing time that’s all. Thought he looked good when he was on. We like Oba a lot – next superstar if Sam handles him right. Let’s not worry when as Sam said – it didn’t matter.

    4) Shola – terrible on Monday – when he gets next chance he needs to shine like the sun – because we feel his time is running out at the club.

    We still have a lot of improving to go – no questions there – but the good thing – is we will improve over this season.

    If we had won on Monday we’d be 2nd top.

  • 11 geordiemark // Feb 7, 2014 at 7:55 AM

    be a big mistake for Ashley to sell our top players really he wouldn’t get anywhere near 300million for the club then, if best the club must be worth say 210million and that’s at best so if he thinks he will get 300m for it he must be smoking the pipe

  • 12 Lilongwe Geordie // Feb 7, 2014 at 7:56 AM

    Slank,
    When he feels like it/when the price is right for him. He would sell tomorrow if he thought he was getting sufficient wedge for it.

  • 13 Transfer Sage // Feb 7, 2014 at 7:57 AM

    lilo

    haha can just see him huddling in celtic park…..his shops would be up in flames though haha.

  • 14 Lilongwe Geordie // Feb 7, 2014 at 7:59 AM

    Catchy,
    Point 1 and point 4 of Ed’s could easily be attributed to Pardew’s Newcastle side as well.

  • 15 geordiemark // Feb 7, 2014 at 8:00 AM

    Slank

    I think the fans can get Ashley by the balls though, no season tickets sold, nothing being sold in any of his shit shops nothing being sold anywhere fair enough the die hard Geordie fans will go to games but if he thinks he will make massive amounts of money from the fans his days are well gone, the only money he will be making will be the sky money and that’s about it so really it will be in ashleys best interests if he lowers his stupid price of the club down and go as soon as possible before things really get bad

  • 16 jesperfuglsang - captain of the lemon crew // Feb 7, 2014 at 8:00 AM

    One do wonder with a amount of time (lack there of) Mike spends at or on Newcastle how long he will stay for :)

  • 17 Lilongwe Geordie // Feb 7, 2014 at 8:00 AM

    Sage,
    The socks he sells would probably last longer in a fire then they do if used for sport…

  • 18 Slank // Feb 7, 2014 at 8:00 AM

    1Lilongwe @ 1

    Do you think the Premier League pressurised, with good cause, by other teams especially those in a relegation fight would have something to say to Newcastle if they played a lot of reserves when many of their first team regulars remained fit but unused?

  • 19 catchy in norway // Feb 7, 2014 at 8:01 AM

    Lilongwe Geordie

    and no 4 lmao

  • 20 banjax // Feb 7, 2014 at 8:02 AM

    If there as ever a time for Ashley to get the price for Newcastle it is now. With the big payments about to kick in, he can factor these into his selling price. One thing even Ashley is not daft enough to do is sell the best players at the club because that would reduce his selling price pro-rata. We can only hope !

  • 21 Transfer Sage // Feb 7, 2014 at 8:02 AM

    I miss Ed getting involved more, when i first signed up his posts were few and far between but reading some old stuff i see he commented a lot….shame as the guy clearly bleeds black and white and it would be nice to engage in a few debates.

  • 22 Schwefelberg // Feb 7, 2014 at 8:04 AM

    Slank

    You’re definetly right.. check out Probert v Domi

    https://www.youtube.com/watch?v=nQS8uFl29aw

  • 23 Transfer Sage // Feb 7, 2014 at 8:05 AM

    That link i posted from total sport bbc newcastle has an interview with pardew where he says he won’t let our season fizzle out and he plans a big overhaul of playing staff in the summer….all the right words, just need to see if it comes off.

  • 24 Ibizatoon // Feb 7, 2014 at 8:05 AM

    Jesper…If he gets as much as enjoyment as we all do then he may never want to leave :)

  • 25 Lilongwe Geordie // Feb 7, 2014 at 8:06 AM

    Slank,
    I imagine they would, but who really cares what others think. Our season in terms of achieving anything is pretty much over, so I don’t really give a monkeys if some other clubs are upset by it.

    I get what you mean, I think it was Holloway who fielded a weakened team and was fined for it against Man U a couple of years back. As he said at the time though, if they were in his squad then he believes they are good enough, and who are the FA to deem which player is suitable for the Prem and which isn’t.

    However, I don’t necessarily mean field them all at once, as that would anger some of our senior pros hoping to make the world cup. I mean introduce maybe one or 2 a game, and rotate them, give them 30 mins from the bench instead of the last 2 etc. I don’t see how the Prem could object to us giving Campbell a game or 2, but be fine with us playing Shola constantly.

  • 26 Lilongwe Geordie // Feb 7, 2014 at 8:09 AM

    Banjax,
    Once these next set of annual accounts are out we should be showing a profit 2 years in a row. Couple into that the increase in TV revenue which will be evidenced in next years accounts then it is a strong position to sell from. However, all that also means Ashley will want top dollar for the club.

  • 27 Transfer Sage // Feb 7, 2014 at 8:09 AM

    lilo

    I’m sure that Holloway and palace could have challenged that decision, why ask a club to name a 25 man squad if they aren’t allowed to use them.

  • 28 catchy in norway // Feb 7, 2014 at 8:09 AM

    TS

    I hate to say it,,

    but it seems ED is only in it for the hits now,

  • 29 naptoon // Feb 7, 2014 at 8:10 AM

    Iilo
    Streete could’ve just went and seen donachie “Mano et Mano” in private and just had a word. Passions would’ve been running high after a derby match and a 19 year old cb should’ve just manned up and had a word in private with the pensioner. Simples. Snitching for petty training ground/ dressing room bust ups can’t be right we would’ve lost shearer for twatting Gillespie and Bellamy that being the case (allegedly) I think it’s quite sad grown men need to snitch over bust ups and can’t sort it out themselves.

  • 30 Belfast // Feb 7, 2014 at 8:10 AM

    Bullshit.

  • 31 cyprus // Feb 7, 2014 at 8:13 AM

    Ed dude,
    I’m guessing you weren’t an accountant over at IBM :)
    Why do you consider 300 mil. to be too steep? Based on what criteria? The fact that 5 years ago NUFC wouldn’t even sell at a bargain basement price?
    A company evaluation depends on many factors. Consider, for instance the increasing global popularity of the PL and massive TV contracts from abroad (e.g. BEIN). This, and other factors:
    A few of the value drivers are:
    Future Performance Deal Structure
    Financial Leverage Asset Type
    Financial Return Expectation Exit Strategy
    Cash Flow, Not Profits

    Of course, ultimately, anything’s value is what buyers are willing to pay for it. In our case, they ain’t exactly queuing :)

  • 32 Slank // Feb 7, 2014 at 8:13 AM

    We all assume that Ashley is waiting for the right price.

    But this man is a maverick who doesn’t always tow the conventional line and has outwitted many people with ruthless efficiency in the past and will in all likelihood do it again.

    He doesn’t need the money from the sale of Newcastle United. He is already extremely rich. The reasons why he will sell and at what price and to whom may not be immediately obvious to us. He operates at a different level to us (unless you are a billionaire who reads this blog) and second guessing him although fun could be wide of the mark.

  • 33 Ben3arfa // Feb 7, 2014 at 8:14 AM

    Nobody bought the club in 2008 or 2009 because that was the time of the global economic downturn.

    Nobody had time to buy football clubs at the time as they are essentially seen as luxuries. Guess it turned out well for fat Mike as he stands to make a big profit off the club IF he decides to sell up in the next year or so.

  • 34 jesperfuglsang - captain of the lemon crew // Feb 7, 2014 at 8:15 AM

    Ibiza…yeah we can always hope ;)

    TS…back in the days Ed also wrote more personal article (now they are more just a recap of what is said in the news media about Newcastle)

    …think he might has gone a bit too much money orientated (the curse of being a NUFC fan maybe?)

  • 35 mindshaft // Feb 7, 2014 at 8:15 AM

    Wtf! how much of a non story is this
    It basically headlines with Ashley plans to sell, opens with wekk he might, rolls on to say he couldn’t in the past for less money and ends in he isn’t to ng to sell

    Very bizarre

  • 36 catchy in norway // Feb 7, 2014 at 8:15 AM

    http://www.nufcblog.com/2007/09/28/newcastle-to-sign-loic-remy-in-january/

    arrr them where the days

  • 37 Transfer Sage // Feb 7, 2014 at 8:15 AM

    naptoon

    footballers are little pretty boys now, what if Streete comes through and can’t get a modelling contract to stand in his pants now?

    In all seriousness I can’t say I mind, some players will accept it, punch back, sorted, others aren’t that type….each to their own.

    ***************************************

    also listen to this
    http://www.bbc.co.uk/programmes/p01q02wv

    pardew interview at 40 mins in, very good listen, good words from our manager.

  • 38 Rotonda heights // Feb 7, 2014 at 8:16 AM

    Ed

    You could at least have put a qustion mark at the end of the headline. Without one, it looks like fact!, when in reality it’s baseless, unfounded and sensationalist.

  • 39 jesperfuglsang - captain of the lemon crew // Feb 7, 2014 at 8:17 AM

    Cyprus mate…Mike bought the club for £135M he didn’t do due diligence and now he is assets stripping it!

    …I don’t know if NUFC will be sold, but I am sure he won’t get anything near to £300M!

  • 40 Transfer Sage // Feb 7, 2014 at 8:17 AM

    jesper

    maybe, but who can blame Ed, he still gives us a good site (barring adverts) and it allows us all to open discussions.

    when he gives his opinion on the articles he gets stick, when he reports facts people complain…i do feel he can’t win

  • 41 Rotonda heights // Feb 7, 2014 at 8:18 AM

    TS

    is it good words like I’m leaving?

  • 42 mindshaft // Feb 7, 2014 at 8:19 AM

    Tho not as bizarre as my autocorrect

  • 43 Slank // Feb 7, 2014 at 8:19 AM

    22Schwefelberg @

    Was that a boxing match interrupted by a game of ice hockey!

    What was fascinating was that none of the officials intervened and the other players.

    Great stuff, thanks.

  • 44 Lilongwe Geordie // Feb 7, 2014 at 8:19 AM

    Naptoon,
    Shearer/Gillespie/Bellamy hitting each other is different as they are equals in terms of club hierarchy (although most fans would hold Shearer higher). Donachie is Streete’s superior and therefore the issue is slightly different.

    Word would have got out, and potentially costs us potential young talent who don’t want to be at a club where 2 of the development staff (and 1 senior coach) have assaulted youth team players (players).

    I have no issue with what Streete did whatsoever, I don’t see how it can be construed as him not covering himself in glory. I get you don’t see it that way, but for the sake of squad harmony he did the right thing.

    We had 16 year old kids in that dressing room who certainly wouldn’t have been happy with what happened to Streete, and would maybe hinder them for fear of making an error. At their age they need to be able to make errors and not fear what may happen or they will play within themselves to ensure no recriminations.

  • 45 jesperfuglsang - captain of the lemon crew // Feb 7, 2014 at 8:21 AM

    TS…well I am not really complaining just explaining!

    …but I do suppose if someone wanted to blame anybody Ed would be the one?

  • 46 Transfer Sage // Feb 7, 2014 at 8:22 AM

    rotonda

    no, just saying our squad has too many weak areas, saying our main striker is just on loan and we have a serious weakness that has to addressed.

  • 47 Harley // Feb 7, 2014 at 8:22 AM

    Jesus Christ I wish we’d beat Sunderland!

  • 48 cyprus // Feb 7, 2014 at 8:22 AM

    Slank, well said

  • 49 Transfer Sage // Feb 7, 2014 at 8:23 AM

    jesper

    not saying you are complaining, just that if i was Ed i’d get sick at times as no matter what you do somebody doesn’t like it and complains to him.

  • 50 mindshaft // Feb 7, 2014 at 8:24 AM

    Not sure how Ashley us asset stripping, we’ve sold one player in 3 years, normally we allow their contracts to run down and they leave for nowt
    Selling a player who wants to leave is fair enough, especially a player who went on strike last time a bid cane in
    What’s not fair enough is not following through on a plan to replace him … That’ll be kinnear and charnleys fault

  • 51 Slank // Feb 7, 2014 at 8:25 AM

    If you are a multi-billionaire especially one backed by a sovereign state the desire to own an English Premier League club is far greater than the sale price.

    The sale price will be peanuts to them.

  • 52 Sav // Feb 7, 2014 at 9:02 AM

    Exaggerated, Ed. We are eigth, a certain windfall is heading the club’s way, the club is run efficiently from a financial standpoint and the sale of Cabaye does not necessarily indicate a fire sale.. We all know Cab was pushing to go and decent money was had for him. Ashley needs a buyer before he gets the club relegated and so far he’s drawn blanks. Whether others decide to leave is another point. We may be treading water but we aren’t drowning.

  • 53 isleofmanman // Feb 7, 2014 at 1:50 PM

    Complete tosh

    Ashley has been ready and willing to sell the club for years

    Sadly, neither he nor his cronies, sorry advisers, have either the professionalism or top level overseas connections necessary to market our potential

  • 54 liamHWTT // Feb 7, 2014 at 5:00 PM

    Ed has written some cr*p over the years with dodgy inaccurate headlines but this has to be the worst yet. I’ve only posted a handful of times over the last 7-8 years but I have to say- c’mon seriously Ed? I obviously like the banter on here though!

  • 55 lesh // Feb 7, 2014 at 10:32 PM

    Looking at some of the comments from some and referring to Ed’s intimation that he’s so pi$$ed off with recent and not so recent events, and ready to call it a day for this blog, I could not blame him.one bit if he did close it down.

    It’d be a shame and also an indication of just how much passion Ashley has drained from fans and the good people of Newcastle upon Tyne.

    Ed won’t have been encouraged by the criticism some posters seem to delight at throwing at his headlines and blogs.

    Sorry to say it, but I find that behaviour most discourteous to say the least.

    Most of the blog’s contributors, friends, behave in good spirit but sadly there are some who have the nerve to snipe at Ed’s blogs, snipe.

    Ed Harrison puts much effort into this site and Newcastle United’s blood is his his blood as it has been for more years than some of his critics will hold a passion for the club.

    Give the guy a break you critics, or if you don’t like, take your vitreous comments elsewhere.

  • 56 count // Feb 8, 2014 at 8:20 PM

    I have criticised Ed’s headlines in the past and will continue to do so where I see fit thank you very much.

    This one is as misleading, sensationalist and cynical as they come… almost.

    If he wants to make money from misleading fellow fans, then fair enough I suppose. I’m as much within my rights to criticise as he is to regurgitate tabloid (and sub-tabloid) shite. Secretly delighting at each new drama.




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