We read with interest the piece from former Chairman Freddy Shepherd yesterday, when he gave an interview to the BBC and said he thinks that Mike Ashley will sell up and leave if Newcastle are relegated on Sunday.
Freddy Shepherd – former Newcastle Chairman
But Mike Ashley’s world is money, and he has put around £270M into Newcastle United, and will want that much back if he sells the club, and let’s just say we see nobody who would put up that kind of money to buy Newcastle – certainly not when we are a Championship club.
Not when Liverpool were sold for only £300M and Aston Villa will now be sold this summer for £150M because they are safe in the Premier League.
The best Ashley could do is around £100M and probably not even that.
Ashley also sees that if Newcastle could come straight back up, then the new TV deal for the Premier League kicks in next July, and to finish 10th that season would yield around £138M for the club.
So Ashley will still see pound notes when he thinks of Newcastle, and he’s unlikely to sell for a loss of more than £160M.
For a man whose whole world is centered around making money, he’s unlikely to sell Newcastle at a big loss.
So it could have been a case of wishful thinking by Freddy, but it’s not going to happen.
That’s not the answer Newcastle fans were hoping for – we know.
What is likely to happen if we are relegated is that big cuts will again have to take place and the club will be downsized because of the reduced revenues in the Championship.
And it will again be very painful for those who will lose their jobs at the club.
It will be so sad – yet again – if we are relegated.