Report That Newcastle United Are Up For Sale


The Telegraph is reporting tonight that Mike Ashley is set to end his seven-year stretch as the owner of Newcastle United, with the news that he will increase his stake in Glasgow Rangers and to do that he will have to sell Newcastle.

mike ashley cointemplating

Mike Ashley – will sell Newcastle?

Luke Edwards is reporting that Mike Ashley is ready to receive offers from investors to buy Newcastle United.

The reasoning is that Mike wants to increase his stake in Rangers by more than 10% –  he currently owns 9% – and he is prevented from doing that by the Scotland Football Association, because he already is the owner of Newcastle United.

Ashley is looking for about £230M for Newcastle, and that would mean he would recuperate most of the investment he put into the club – he bought it for around £134M from Sir John Hall and Freddie Shepherd back in June of 2007, and has about a £129M interest-free loan to the club.

If the Telegraph report is not true we would expect the club to come out and say so via a statement – and silence would infer the report is pretty much accurate.

Rangers are again in some financial trouble and are said to be close again to administration, and Mike could play his hand and loan Rangers the money they need to avoid administration for a second time in only three years.

Administration could be devastating for Rangers, and could even mean demotion back down the Scottish league, and in that way Ashley could be the white knight.

The news of a few days ago was that Ashley already has the naming rights to  Ibrox Stadium, and we could see another Sports Direct Stadium fairly soon in Glasgow.

But Ashley has tried to sell Newcastle United twice before and was unsuccessful both times – in October 2008 after the Kevin Keagan affair – and then again in the summer of the following year, after Newcastle had been relegated.

In fact the second time he wanted only £80M for the club, and at the time Newcastle were a Championship club and there were still no takers.

One good thing about the Tyneside club that will be attractive to investors,  is that Mike Ashley has made Newcastle into a financially prosperous club, and anybody doing due diligence on the finances of the club will have to be impressed.

We think profits for the financial year ended at the end of June, could be as much as £50M with revenues of around £135M – that’s a rough estimate.

Those revenues and profits would be the best ever – by far – in the history of the club.

But even if this news in the Telegraph is accurate, there have been no takers before, but Newcastle fans will hope a consortium can come in and buy the club off Ashley, and then make it into a top six English club – like we used to be – with ambitions to play in the Champions league every season.

That’s what we’d like to see, but whether that will happen we have no idea.

The first thing to find out is whether Mike Ashley really wants to sell Newcastle.

What do you think?

Comments welcome.

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46 comments so far

  • Jail for Ashley

    Sep 10, 2014 at 11:08 PM

    Comment #1

    Bollox

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  • JackButler

    Sep 10, 2014 at 11:10 PM

    Comment #2

    More chance of Pardew winning the Champions League than him selling up.

    Simply put, we are making him too much money to sell us and the UEFA rule stopping an owner owning two club in european competition hardly applies to us no does it

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  • Belfast

    Sep 10, 2014 at 11:13 PM

    Comment #3

    Lazy journalist

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  • Average_Contents

    Sep 10, 2014 at 11:14 PM

    Comment #4

    I’m pleasantly surprised at the mirror of all papers to be asking questions like that, well quite aggressive ones compared to the usual tripe, perhaps we need them at the puppets press conference tomorrow to really make him squirm! Get up their Mr Bird you massive twat and get them asked 😉

    I think the club should ban all the newspapers as we might get some with backbone then, ya know once they’ve been ostracised what have they too lose lol

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  • firebug666

    Sep 10, 2014 at 11:17 PM

    Comment #5

    Having just read how much the fat slug is fleecing out of our club it is unlikely he will be looking to sell. Ashley is a greedy man, and will stay as long as the gravy train produces.

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  • Toon Tang

    Sep 10, 2014 at 11:18 PM

    Comment #6

    Can you imagine the day?

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  • JackButler

    Sep 10, 2014 at 11:20 PM

    Comment #7

    firebug666

    If fans read that and still turn up at SJP to do anything other than protest then they deserve everything the fat git gives them.

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  • Average_Contents

    Sep 10, 2014 at 11:23 PM

    Comment #8

    Firebug

    That’s the initial reaction I think all the people with there eyes open would have mate.

    We know he’s done it and let him get away with it for years but now it’s actually been confirmed and is down as transcript it’s even more galling!

    If anyone is in any doubt about what he thinks of us and his main aim is for us then surely not now? SURELY?

    The merchandising alone is worth £3.7m to NUFC but got funneled off to SD as we’re told it’s cheaper! What they meant was fatty wanted his share of that too so fcuk yous! Not to mention the free advertising that would undoubtedly be worth millions but in his own words “is beneficial to SD and it’s shareholders”

    How loud does he have to say it? HE DOES NOT GIVE A FCUK ABOUT NUFC AND NEVER WILL!

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  • Belfast

    Sep 10, 2014 at 11:23 PM

    Comment #9

    More importantly did he drink from a sports direct mug?

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  • optimistic prime

    Sep 10, 2014 at 11:23 PM

    Comment #10

    I hope the fat one gets gout and chokes on his fat fingers, Cretin

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  • veto

    Sep 10, 2014 at 11:25 PM

    Comment #11

    Luke edwards talking horse crap again .
    with profits as they are , are we to belive the club sale price would still include the full interest free loan he gave ? as there is no chance the club will sell for over 150 .

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  • Geremi's Prosthetic Leg Fund

    Sep 10, 2014 at 11:26 PM

    Comment #12

    Problem Is traditional fans are quickly being replaced by families and football followers. As the true fans leave Those that fill the seats are happy for the day out and the event rather than in the pure interest of the club. This dispels the discontent and groups against the regime, looks better on the cameras and keeps yhe profits up.

    He’s a crook and he’s played us all for fools.

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  • firebug666

    Sep 10, 2014 at 11:27 PM

    Comment #13

    JackButler

    I agree mate. We are in desperate need of a striker and a centre back, but that greedy fat slug is taking the money out of our club, for SD and his Mash holdings, money that should be spent on players.

    How the hell is the club EVER going to be self sufficient when Jabba the Hut is taking every spare penny out of it.

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  • wynsleap

    Sep 10, 2014 at 11:27 PM

    Comment #14

    Can’t believe the sales figures if this were true.
    How can his debt still be £129m after all the money he has screwed out of this club? Is it just coincidence the debt never ever reduces and Sports Direct success keeps on going up like a helium balloon?
    Secondly if you believe Ashley was willing to sell this club for a mere £80m at one point Ed you are more gullible than I thought.

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  • rab

    Sep 10, 2014 at 11:30 PM

    Comment #15

    I can only hope, the only billionaire who does not spend money, its like being engaged to a virgin prostitute, just like a million ways to die in the west.

    I am so sad, I love my club and stopped going five years ago due to this person, always bought a shirt every time it changed, still love the club and always support the team. My shirt has a blue star on it. .Ed thank you for these blogs, I know you get stick, comments about cut and paste and silly comments about lazy journalism. Its all bollocks and thank you. Hope you keep well

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  • Geremi's Prosthetic Leg Fund

    Sep 10, 2014 at 11:31 PM

    Comment #16

    No one will pay 230 mill regardless of the books. Our best bet is for someone to pay the debt off to Ashley in return for a controlling stake. They can have input and look to purchase outright in time. That way we could have more deliberation in club decisions and more sporting goals and Ashley keeps the sports direct arm. It will be a slow process but 230 mil outright is almost a fantasy.

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  • firebug666

    Sep 10, 2014 at 11:32 PM

    Comment #17

    Average_Contents

    Spot on mate. This is a case of eyes wide open, and time for the masses to DEMAND answers from NUFC, and not be fobbed off with some carefully orchestrated fans forum meeting. The time has come to march on NUFC for the answers.

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  • Laurent Robert 32

    Sep 10, 2014 at 11:33 PM

    Comment #18

    Alan’s Thought of the Day

    “Shola was magnificent – he was brilliant in the air and he’s got such fast feet. He’s as good a striker as I’ve ever worked with and I’ve coached a few good ones, including Carlos Tevez, Teddy Sheringham and Bobby Zamora.”

    —–

    Including Tevez and Sheringham? Wow, Alan, he must have scored loads of goals for you then?

    No… he did not.

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  • Average_Contents

    Sep 10, 2014 at 11:34 PM

    Comment #19

    Said it all along gplf. He’s slowly but surely got rid of the more hardcore fanbase and replaced them with people looking for a day out or a bit of fun who ain’t interested in the football served up.

    Something summed it up for me the other day when someone asked: “where’s the screen on the other side, I won’t be able to see” WTF! Who’s arsed about a screen that’s going to have giant sized SD adverts on it and his subsidiaries by extension for the duration of the fcuking match! Worry about lack of ambition and the fcuking tripe being served on a fortnightly basis!

    It wouldn’t surprise me if he charges us for showing anything NUFC on it due to SD losing exposure! Fat fcuking waste of spunk

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  • rab

    Sep 10, 2014 at 11:34 PM

    Comment #20

    Geremi’s Prosthetic Leg Fund

    you are so right

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  • JackButler

    Sep 10, 2014 at 11:35 PM

    Comment #21

    Geremi’s Prosthetic Leg Fund

    £230 million for a EPL debt free club, 52,00 stadium, great training complex and massive fan base is not a lot mate as a savvy owner could turn this club around very quickly.

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  • Mister Tuff

    Sep 10, 2014 at 11:36 PM

    Comment #22

    Looks like there is a bit of a journalistic head of steam building up here about NUFC and SD.
    Mr Tubbs will not like this.
    Good on Simon Bird to get a few questions in -he’ll be levelling the score after the abuse he got from Joking Joe.
    I noted that Tubbs repeated the arrangement was good for SD – and noted he did not say it was good for NUFC.
    So much for the Toon being transparent in there dealings.
    Tubbs is fleecing the club and getting a decent wedge of TV money.
    The whole lot of them are spivs and charlatans with no interest in the club.
    Percy ……………………………………………….OOT
    Tubbs………………………………………………..OOT

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  • Geremi's Prosthetic Leg Fund

    Sep 10, 2014 at 11:40 PM

    Comment #23

    Average –

    Exactly, whilst there are droves who fill this criteria and are waiting in line to replace the traditionals, there’s not much we can do. The underground fans need to unite somehow but we’ve long been splintered, it’s born from our passion and steadfastness but it can be detrimental in times like these.

    Voting with your feet simply doesn’t work in this case now as it’s too easy for Ashley to replace those who do. It’s catch 22 almost. I see revolution on the horizon though, it’s brewing.

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  • mecannylad

    Sep 10, 2014 at 11:41 PM

    Comment #24

    Ashley is metaphorically throwing down the gauntlet lads.
    We have to show him whether the Toon Army are mice or men.
    What is it to be ?

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  • Average_Contents

    Sep 10, 2014 at 11:42 PM

    Comment #25

    Divide and conquer and the fat kunt has executed it to perfection hasn’t he..up until this point he has, where now I think he’s dropped a bollok in admitting that!

    Arise you fcuking deadheads and awaken from your 7 year slumbers 😀

    Not quote Churchillesqu but it’ll do 😉

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  • Laurent Robert 32

    Sep 10, 2014 at 11:43 PM

    Comment #26

    If Ashley charges the next owners for the price of the club which then includes the £100 million loan, then it shouldn’t just be debt free.

    It should have a load of that TV money still there. Or has he claimed that already and is still charging for the £100m loan? Meaning we are back to zero with nothing to spend in the bank sort of thing, because sausage fingers has gobbled it all up.

    Who knows which way he’s playing it behind the scenes.

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  • Mister Tuff

    Sep 10, 2014 at 11:44 PM

    Comment #27

    Not many regime supporters out tonight – thought they might have been on to support Percy and Tubbs – it appears that they’ve all ran away as they know the game is up. Wimps and tarts to a man.
    Yee kna who yeez are.

    The storm clouds are gathering over SJP.

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  • firebug666

    Sep 10, 2014 at 11:45 PM

    Comment #28

    It’s amazing to think how many millions of pound are being filtered away from the club through Ashley and his other businesses, and what the club could be achieving with that money.

    Whenever the inept one that tries to manage NUFC says in future; “we cannot compete on a financial basis with the likes of Southampton or Swansea”, we now know the reason why.

    The inept one must be held to account for the poor team performances.

    Jabba the hut must be held to account for the lack of money left in the club.

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  • Average_Contents

    Sep 10, 2014 at 11:46 PM

    Comment #29

    *quite

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  • Geremi's Prosthetic Leg Fund

    Sep 10, 2014 at 11:50 PM

    Comment #30

    Jack –

    Depends who the buyer is, a fan of football with a huge wealth then no it’s not. But remember it’s 50 mill more than other clubs of our stature including their debts. Everton is worth 135 mill with debt of 45 mill and they’re closer to the promised land than we are. Villa is similar.

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  • Average_Contents

    Sep 10, 2014 at 11:50 PM

    Comment #31

    Firebug

    And that’s where the lines merge for me I want them both gone and always have for the reasons you just stated but fatty is the cancer whereas parsnip is the symptom but together they WILL destroy this club one season at a time because we are already showing signs of it!

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  • wynsleap

    Sep 10, 2014 at 11:54 PM

    Comment #32

    And to think that the Halls and Shepherd were vilified for the money that they took from the club.
    Bloke’s a crook and we just sit back and let him get away with it.
    Time for revolution NOW!

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  • Geremi's Prosthetic Leg Fund

    Sep 10, 2014 at 11:55 PM

    Comment #33

    230 mill is around 50 mill more than I think most buyers would be willing to pay, in terms of relative value. Our biggest assets are of course the fan base and it’s potential to increase and facilities. There’s also the contractual aspects, we don’t know the basis of the Sports Direct contractual situation regarding Newcastle United, they could have rights to so much of our marketing potential that could deter potential buyers.

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  • Average_Contents

    Sep 10, 2014 at 11:55 PM

    Comment #34

    I’d be genuinely disgusted if anyone came out and defended either of them now mate as it’s beyond a piss take.

    We had our suspicions but now it’s confirmed. He’s robbing the fcuking club blind and starving it of vital merchandise and advertising monies all in the name of SD!

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  • Average_Contents

    Sep 10, 2014 at 11:59 PM

    Comment #35

    Belfast

    Now this is lazy journalism. A week late lol

    The last part made me laugh about the cup game.

    http://mobile.newsnow.co.uk/A/732912476?-11058:809

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  • firebug666

    Sep 10, 2014 at 11:59 PM

    Comment #36

    Average_Contents

    Pardrew is the obvious target and should be soundly hounded out of our club. Ashley will take a bit more work.

    However we need to treat this miscreant with the same contempt he treats us.

    All SD hoarding signs should be covered at each home match, use coats, bags and shirts etc, Pardrew out Ashley out banners anything to hand.

    If possible a campaign should be started against SD themselves, as they are the company STEALING from NUFC and this may cause enough of a rift for SD shareholders to take notice and maybe pull out of NUFC altogether, depending on how good the campaign is and how effectively it is carried out.

    The only way to get at Ashley is by attacking his other companies and making life difficult to the point of him selling NUFC and moving on to Rangers.

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  • Average_Contents

    Sep 11, 2014 at 12:01 AM

    Comment #37

    Work calls again so I pass the mantle onto someone worthy, someone with a bit of panache, someone who loves you all so much…..TDS! 😉

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  • Laurent Robert 32

    Sep 11, 2014 at 12:06 AM

    Comment #38

    16/08/14

    “We have more depth and more quality and when I signed a long contract with Mike and the club we both knew there would be ups and downs for both of us.

    “It was fairly obvious he listened to me at the back end of last year and the support I’ve had in terms of the signing of the new players is exactly what was needed.

    “I’ve nothing to moan about now in terms of what’s happened this summer.

    “We have a strong squad, perhaps the biggest and best I’ve ever had in terms of options so we’re in a great position.”

    ——-

    Nothing to moan about? That’s what I like to hear. Whatever are you going to say when we are getting beaten though? Ah that’s right, you’ve mentioned that the crowd were too hyped.

    Another quote which will likely be forgotten once the excuses come out.

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  • Small World

    Sep 11, 2014 at 12:07 AM

    Comment #39

    To an investor, our club is worth more than other clubs of similar stature. They don’t make a profit, we now make a cool £50million a year

    The club doesn’t need turning around (in the financial sense), Ashley has done it making the only profits ever in our history and one of the few profitable teams in the league.

    He hasn’t taken a penny out and it could easily sell at £230 mill though I’d expect maybe more. As an investor would you be willing to spend £230 million on something which now generates £50 million year profits?

    The news story will only in be the Telegraph as it has been leaked by the club. Go figure how PR really works..

    Problem with all of this, it is simple investment – not rocket science or football for that matter. Most of us would love to see a well funded team which competed in spending and performance of other clubs. Folks who may be inclined to spend £230million+ might see it another way.

    He won’t be picky who he sells too. Just as Hall & Shep weren’t. Just take the money and run.

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  • WestOzMag

    Sep 11, 2014 at 1:35 AM

    Comment #40

    So who shall we all start messaging then? In order
    1 Carlos Slim $82.2 billion Mexico
    2 Bill Gates $80.6 billion United States
    3 Warren Buffett $64.2 billion United States
    4 Amancio Ortega $60.7 billion Spain
    5 Larry Ellison $49.3 billion United States
    6 Charles Koch $40.2 billion United States
    7 David Koch $40.2 billion United States
    8 Liliane Bettencourt & family $37 billion France
    9 Christy Walton & family $37 billion United States
    10 Jim Walton $34.4 billion United States

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