Mike Ashley Wants His Money Back On Newcastle

Former England and Liverpool striker Stan Collymore has told talkSPORT that he thinks Mike Ashley will want his money back on Newcastle if he does sell them.

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Mike Ashley – will want his money back

There is an effort by some fan organizations to get Mike Ashley out of the club, and we suppose the best scenario is that Newcastle manage to stay in the Premier League this season, and then Mike Ashley puts the club up for sale in the summer and lo and behold somebody comes in with about £260M and Mike sells up and leaves Toon.

We don’t think that will happen,

And if Newcastle are a Championship club again by the end of May, that will complicate things because we don’t think Ashley would want to have a fire sale of Newcastle and lose money on the deal – but it could happen.

Fans will be hoping there is a buyer willing to buy Newcastle United in the summer, but there has never been one the last two times he tried to sell the club in late 2008 and in the summer of 2009, after we were relegated.

This is what Stan Collymore has said to talkSPORT:

“The reason that Mike Ashley is still there is because every check that comes in because of the TV deal, he’s thinking ‘I spent all that money five or six years ago and I want it back’ and that means Newcastle United fans have to trudge through purgatory in the meantime.”

Mike Ashley is shamelessly using Newcastle United as an advertising front for his Sports Direct business, and when you see St. James Park on the TV it has Sports Direct signs all over the place.

So that’s why he bought the club back in 2007, and the only reason he wants Newcastle to stay in the Premier League is because of the worldwide advertising he gets from Newcastle for his company, and it’s all essentially free of charge.

Mike bought the club for about £135M in late May, 2007 and has put close to £130M into the club as an interest-free loan.

But Newcastle are starting to make big profits, although right now we could be relegated in May and those big profits could come to rather a dramatic end.

It will be interesting to see what happens with Ashley this summer, and there are two different scenarios – one if we stay in the Premier League and one if we take the drop.

What do you think?

Comments welcome.

16 comments so far

  • mindshaft

    Apr 29, 2015 at 9:14 AM

    Comment #1

    Prediction time….
    Think we have to rely on mackems only picking up 4 points max out of thier 5 games

    Villa 38
    Leicester 37
    Hull 37
    Newcastle 35
    Mackems 34
    QPR 30
    Burnley 30

  • lochinvar

    Apr 29, 2015 at 9:16 AM

    Comment #2

    Pub quiz:
    “Which Geordie Manager saves doomed club that Hatem Ben Arfa played for from relegation ”

    It’s not a trick question !

  • roberts left boot

    Apr 29, 2015 at 9:17 AM

    Comment #3

    Here’s one for the conspiracy theorists out there.

    I work for a company that has business dealings in UAE. According to people over there a consortium are wanting to buy Newcastle/ have agreed a deal in principle to buy the club in the summer. This would explain why no new manager has been brought in as a new owner will generally want a new manager/head coach.

    This may just be the people over there playing tricks but they seem to be able to go into a bit more detail for the average prank

  • Blackley and Brownlie

    Apr 29, 2015 at 9:19 AM

    Comment #4

    Roberts left boot
    I’d say another rumour in a long list of rumours.

  • lochinvar

    Apr 29, 2015 at 9:21 AM

    Comment #5

    Starting price £300m, crossed out to £199.99m and reduced to £99.99m in closing down sale.

    Come on down the price is right.

  • lesh

    Apr 29, 2015 at 9:28 AM

    Comment #6

    Lochinvar…. Agent Bruce was it?

    And, referring to the Telegraph piece of earlier this week, they said that Ashley had been assured a number of times we wouldn’t go down.

    Now who’s assured him? Charnley no doubt but he’ll have been assured by Carver – we know how just how confident he’s been in himself!

    So, in my view and in any event, the buck stops with Charnley but it must also include Carver who’s assured him!

    Charnley’d best be retained as Secretary as getting rid of him’d leave a gaping hole in club admin and transfers (remember them?)

  • Ciaran

    Apr 29, 2015 at 9:29 AM

    Comment #7

    How anyone, whether good or bad, cannot have view on MA’s running of the club after 8 years absolutely begs belief. Is he comparable to Huw Jenkins? Peter Coates? Bill Kenwright? Even the previously castigated Liebherr’s are committing to Southampton and the once laughed at Gold and Sullivan are getting it right at West Ham.

    Is Mike Ashley really worse than that lot? Yes. Yes he is.

  • sickandtired

    Apr 29, 2015 at 9:30 AM

    Comment #8

    Ashley won’t have another opportunity to sell as he does right now.
    34 million + in the bank and a host of players to be offloaded that could fetch another 30-40 million. Pardew money and that from the Gallowgate land sale adds another 8 million or so,
    Approximately 80 million there, to deduct from his 129 million ‘owed’.
    He could sell this Summer, still make a profit and with full repayment of his expenditure for under 200 million.
    Given the level of spend required to rebuild the squad this Summer, as well as appoint a decent manager/coach I imagine this would be/is a very tempting scenario for him.

  • Ciaran

    Apr 29, 2015 at 9:38 AM

    Comment #9


    This isn’t me bullying you. I think your stance is ludicrous and your logic horrifically flawed. I think you are wrong on nearly every level, and are so far removed from what is wrong with our club that I find it hard to establish any semblance of common ground.

    I merely think your opinion is nonsense. You may get offended at that and cry “bully” if that is the position you want to take. My response to that would be ‘cry me a river mate’

  • count

    Apr 29, 2015 at 10:04 AM

    Comment #10

    What a waste of my life reading this sh¡te.

  • Wandering Geordie

    Apr 29, 2015 at 10:09 AM

    Comment #11

    How does Stan Acorah know what Ashley is thinking?

  • lesh

    Apr 29, 2015 at 11:06 AM

    Comment #12


    Maybe the remaining £49m (129-80) could be offset against free SD advertising?

  • Blackstarbullet

    Apr 29, 2015 at 11:47 AM

    Comment #13

    Asking price is supposedly £260 million, however, everything Ashley sells has at least 50% discount so £130 million should be selling price.

  • worWEZZA71

    Apr 29, 2015 at 7:17 PM

    Comment #14

    Cheeky cnut..we all want our money back for all the merchandise we have bought supporting your sorry club! £50 a shirt etc..etc..

  • AndyMac

    Apr 29, 2015 at 8:01 PM

    Comment #15

    Aye the Fatman has had his fair share of dosh from NUFC including the advertising for six or seven years plus the merchandise plus the kit deals with Puma which weren’t publicised in the early years. Plus the kickbacks from the loan sharks……………

  • Big Archie

    Apr 29, 2015 at 8:03 PM

    Comment #16

    @Roberts Left Boot – I LIVE in the UAE – and its a load of crap.

    No-one in the UAE would buy another prem team as long as City is owned by the ruling family.

    It would be disrespectful.


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