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.
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?