The Telegraph is reporting today that Mike Ashley has rejected bids from foreign investors to buy the club, following our relegation to the Championship.
The report is that Chinese consortiums were at the front of the queue, since it was a really good time to buy Newcastle when we are a second division club who had just hired a world-class manager in Rafa Benitez.
The likelihood of getting straight back to the Premier League was always going to be high with Rafa in charge.
Mike Ashley – Newcastle owner
The last time Newcastle were relegated Mike Ashley had the club up for sale at this point in the season – and even tried to sell throughout that season, but was unsuccessful – and at the time the asking price was a mere £80M, but nobody could come up with the money.
But the mood at Newcastle now is an awful lot different from what it was seven years ago and a lot more upbeat and positive.
In fact the fans are delighted that Lee Charnley and Mike Ashley were able to get Rafa to sign a three year deal and stay on Tyneside after we were relegated.
Rafa has transformed the club both on and off the field and we are now top of the Championship with a decent chance of getting promoted straight back to the Premier league and all that big money.
After getting Rafa into the club Managing Director Lee Charnley was told by the owner that he had no plans to sell the club.
In fact things are on the upswing and Mike Ashley now has a world-renowned manager basically running the club for him and the huge difference in almost everything from previous seasons is there for all to see.
Mike Ashley is a good business man and he’s not daft enough to sell Newcastle now when in three years time with Rafa at the helm – we could be a top club in the Premier League and maybe worth hundreds of millions of pounds.
Even after dropping into the second division our finances are in great shape and we made £31M profit in the summer transfer window even through we brought in 12 new players.
And with the wage bill having been reduced significantly over the summer as some top wage-earners left the club permanently and others were sent out on loan for the season, we should be meeting our running costs on a day-to-day basis.
And with home gates averaging over 50,000 – even though the season ticket prices were dropped by 10% – good money continues to roll in.
In short the club is being run well and efficiently by Rafa and Lee working closely together.
It’s hardly surprising that Mike Ashley is reported to be absolutely delighted at the way Rafa is running the football side of things on Tyneside and the Spaniard has very quickly turned everything around.
The owner is being really smart by keeping well in the background and letting Rafa along with Lee Charnley completely run the club for him.
If Mike Ashley continues to support Rafa and keeps out of the way, then in three years time the owner could have a club worth an awful lot more than the £265M he has invested in the club over nine years.
And even more important than money – we could have actually won a trophy by then too.
Howay The Lads!!
What do you think?