If you believe the Sunday papers (some people actually do so we understand), then there are an increasing number of reports that Mike Ashley is getting ready to sell Newcastle United.
Mike Ashley – will he sell Newcastle?
One report also has Derek LLambias returning to Newcastle as the Managing Director, the position he held before Joe Kinnear was appointed and Joe prevented the signing of Douglas of FC Twente, because in Joe’s opinion he was not the right player for Newcastle.
That’s one of three things Joe did at Newcastle, the other two being to bring Loic Remy and Luuk de Jong in on loan.
Ans some reports have Derek coming in to prepare the club for sale – which would be possible in the summer.
And there are an increasing number of fans who want Ashley to sell up and move out, but we’d be very surprised if the owner is thinking of selling the club, even though his standing with the fans is a t a very low point at the moment.
Ashley could come out and say that he is selling the club – as he has done twice before – but the price now is higher than it’s ever been.
And to get all the money back he has invested in the club – the Londoner would want around £300M, and we just don’t think Newcastle is a good buy at that price, given other clubs available at a much lower price.
So yes, we could go through it all again, a third time, but the chances of Ashley being able to find a buyer at that price must be low – very low.
The best chance of Ashley selling is if an unsolicited bid comes in from some Billionaire or a rich consortium of buyers (better still), that offers the Newcastle owner close to the £300M we think he would be looking for.
And if Ashley stays at the club, maybe he can come out and say he is willing to invest all profits back into the club – and that would give Newcastle over £40M net a year to spend, with the huge money the club will be getting with the new TV deal agreed with the Premier League.
Better still – maybe half of that money could be used to pay off the loan the club owes Ashley, and then in the next few years the loans could be paid off and the club will become that much cheaper.
So there’s a strategy to both spend money in the transfer market, and also bring down the price of Newcastle United – given it remains the amount Ashley has invested in the club.
That would not be a bad path to follow – and who knows a buyer may come along and buy the club at some point.
It could happen.
What do you think?
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