Mike Ashley bought Newcastle in the early summer of 2007 and he paid around £133M for the shares of Sir John Hall and former Chairman Freddy Shepherd.
The he put about £100M into the club in late 2007 to pay off a loan the club had that he knew nothing about – so much for his due diligence before the sale.
And then in our last Championship season back in 2009-2010 he loaned the club a further £29M to see us through that season.
In total it looks like Mike has invested around £262M in Newcastle – and that’s a rough estimate.
Lee Charnley and Mike Ashley
It really could be thumbs up for Newcastle
With the huge money coming into Premier League clubs these days – anywhere from £100M to £180M a year at the moment, depending on how well each club performs in the Premier League, the price of PL clubs will increase significantly in future years.
That’s especially true if the money the clubs get keeps increasing as seems likely after the £650M deal that has reportedly been made in China for the TV rights to the games there.
There will be football people in big demand in the Premier League and they include managers, coaches and of course the players, who should all prosper from the big money PL clubs will be making.
As far as Newcastle go, Mike Ashley did the best thing he has ever done for the club and maybe one of the few good things he has done in nine years of ownership, when he went all out in May to keep Rafa Benitez on board.
Mike and Managing Director Lee Charnley deserve great credit for getting Rafa to stay on and that was also helped greatly by the ever faithful Geordie fans.
Mike has left the club in the hands of Rafa on the football side of things and Lee for the overall running of the club, with Lee the chief executive and Mike hardly involved much these days.
It seems there is no longer any Football Board according to the Chronicle, so these two men run the club and they seem to get along famously.
If Rafa is as successful in the future as he’s shown he can be over his first eight months at the club, then Newcastle could be a club challenging at the top of the Premier League in two or three years time.
After all, that’s why Rafa agreed to stay on – to win trophies at Newcastle.
If that happens then the club will be worth a lot more than the £262M investment Mike has put into the club.
If we do get promoted this season, then it would be good to see Rafa and his coaching staff signed up for a new and improved long-term contract.
If Mike Ashley was willing to do an eight year deal with Alan Pardew, then why not a 10 year deal with Rafa?
That would further ensure that if Mike continues a hands-off approach at Newcastle, Rafa (with Lee Charnley’s executive help) can make the club maybe even more successful than it’s ever been?
It may not happen – but that’s the hope Newcastle fans have these days – that Rafa can indeed make Newcastle great again.
Not only that, but he can also win some trophies for the club for the first time in over 47 years since Joe Harvey won the Inter-City Fairs Cup back in 1969.
If Rafa does that, then heaven only knows how much the club will be worth on the open market.
We imagine the amounts could be staggering a few years down the road – if Newcastle can indeed become a top club again in England and in Europe.
The future could be golden for Newcastle United.
What do you think?