Newcastle Clarify Intentions – Owner Wants The Club Sold Quickly – Will Defer Payments


Newcastle fans are happy with the way the lads played yesterday at Southampton in getting an excellent 2-2 draw.

They will be even happier now that the club (make that Mike Ashley) has issued a statement saying he is willing to sell the club.

And he will even help any buyers by deferring the payments for the club – in other words, Mike Ashley is willing to give any new buyers good terms on how they pay for Newcastle.

Mike Ashley – seems to want out of Newcastle – finally

Here is what Newcastle United have just issued on their website.

As a result of increasing press speculation regarding the future of Newcastle United, the owner of the club, St. James Holdings Limited, wishes to clarify its intentions.

As one of the Premier League’s oldest and best supported football clubs – and for the benefit of its many fans and supporters in the UK and across the world – Newcastle United requires a clear direction and a path to a bright and successful future.

To give the club the best possible opportunity of securing the positioning and investment necessary to take it to the next level, at what is an important time in its history, its present ownership has determined that it is in the best interests of Newcastle United and its fans for the club to be put up for sale.

To give an incoming owner the maximum possible flexibility to make meaningful investment in the club, including in its playing squad, the sale process will give interested parties the opportunity of deferring substantial payments.

A process will now commence of identifying new ownership for the club that will be capable of delivering the sustained investment in and dedication to the club that is necessary for it to achieve its ambitions.

There is obvious interest from the Far East and other quarters in acquiring Newcastle United, and it seems they have issued this statement to further encourage potential buyers for the club.

Announcing that good terms for payment can be negotiated should further interest potential buyers.

It also seems clear that Mike Ashley has had enough of football ownership and wants out after a very long 10 years at the helm.

This should also be very good news for a certain Mr. Rafa Benitez.

What do you think?

Comments welcome.



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28 comments so far

  • sparky55

    Oct 16, 2017 at 5:28 PM

    Comment #1

    howay man lads…this is old news…all they’ve done is confirm what we already know

    2
  • martoon

    Oct 16, 2017 at 5:31 PM

    Comment #2

    I thought we were owned by Mash Holdings but no matter the main thing is we hopefully will have new owners soon. Also not sure what they mean by deferred payments – I presume they mean pay in installments?

    1
  • hibbit

    Oct 16, 2017 at 5:32 PM

    Comment #3

    sparky55

    it’s still important news as it’s the first time he’s admitted it in public

    12
  • Jib

    Oct 16, 2017 at 5:32 PM

    Comment #4

    Ha ha
    Sparky
    give yersel a pat on the back

    2
  • toontaff2

    Oct 16, 2017 at 5:34 PM

    Comment #5

    The estate agents put the for sale signs up at SJP, yet?
    Might ask for a viewing 💡

    0
  • Ron Knee

    Oct 16, 2017 at 5:34 PM

    Comment #6
  • Jib

    Oct 16, 2017 at 5:37 PM

    Comment #7

    Ron
    Mais oui
    c’est vrai

    1
  • Jib

    Oct 16, 2017 at 5:40 PM

    Comment #8

    The fact Ashley has already mentioned
    deferred payments –
    hints at possible local ownership

    1
  • Ron Knee

    Oct 16, 2017 at 5:42 PM

    Comment #9
  • Jib

    Oct 16, 2017 at 5:42 PM

    Comment #10

    Oh dear
    Poor Palace could get blown away by the atmosphere at SJP
    next weekend
    🙂

    2
  • shearerclass09

    Oct 16, 2017 at 5:42 PM

    Comment #11

    The fact that he is offering instalments worries me. If they can’t afford the club outright are they going to be the type of owners we are hopping for?

    9
  • Shoulders knees

    Oct 16, 2017 at 5:42 PM

    Comment #12

    Ron knee

    It is 🙂

    0
  • Shoulders knees

    Oct 16, 2017 at 5:45 PM

    Comment #13

    Shearerclass09
    It worries me the deferred payments but, is ash asking stupid money therefore staged payments to afford it.

    0
  • sparky55

    Oct 16, 2017 at 5:46 PM

    Comment #14

    Shearerclass @ 11

    No…it means he doesn’t need the full 380 million to do this property deal he’s after by December…so he’ll be happy to get what he needs now and the rest whenever.

    1
  • Tsunki

    Oct 16, 2017 at 5:49 PM

    Comment #15

    So long Michael, and thanks for all the….er…

    1
  • shearerclass09

    Oct 16, 2017 at 5:49 PM

    Comment #16

    Well that’s alright then. Hopefully Ashley will do one thing right and make sure the new owners have interest in taking the club to a new level.

    0
  • hibbit

    Oct 16, 2017 at 5:51 PM

    Comment #17

    shearerclass09

    Ashleys only concern will how much he gets nowt else

    3
  • Jail for Ashley

    Oct 16, 2017 at 5:55 PM

    Comment #18

    If this happens before Christmas then sparky55 deserves legendary status as the blogs number one ITK and hibbit for his determination and insistence!

    3
  • tannerabag

    Oct 16, 2017 at 5:55 PM

    Comment #19

    Fire Sale. Look what happened to other clubs where the previous owners basically baled out.

    0
  • sparky55

    Oct 16, 2017 at 5:56 PM

    Comment #20

    Ashleys primary concern is to get a big lump by the 15th of December and the rest within a year thereafter

    Henderson is the guy who’s doing the big property deal for Ashley…it’ll be lawyers from dawn til dusk the day before…but who gives a fcuk…he’s on his way 🙂 🙂

    2
  • jimmysmith

    Oct 16, 2017 at 5:56 PM

    Comment #21

    If the asking price is indeed 380 million, and can be paid in installments then I think its very much on, but the unresolved tax investigation can still be a major sticking point. I wouldn’t even confidently buy a used car off Ashley, so for sure you’d want to be sure of exactly what you’re getting into if you are going to spend that level of money to relieve him of his football club.

    0
  • supermac69

    Oct 16, 2017 at 5:56 PM

    Comment #22

    at last the worm can slither off back to Hampshire, please let us have an owner who cares and wants success, they go hand in hand with profit, bring it on……….hwtl

    0
  • supermac69

    Oct 16, 2017 at 5:58 PM

    Comment #23

    could be a very interesting transfer window in January, how much is aguero again…? lol

    1
  • DubaiMicky

    Oct 16, 2017 at 6:04 PM

    Comment #24

    If talks are advanced, why issue the statement now?

    If only to drive the price up and get a couple of bidders into an auction?

    2
  • bettyswallocks

    Oct 16, 2017 at 6:08 PM

    Comment #25

    Being as Mike has considerately agreed to sell the club with a credit option surely the blog can put a consortium together to pay a deposit and agree terms with him?

    My immediate thoughts regarding members of the the new board and other important appointments are as follows:-

    Chairman of the board…. Jail for Ashley
    Managing Director …… Tsunki

    Other board members…… Toontaff, Sing in the corner, Ron Knee and Mister Tuff

    Press Secretary…… B and B

    PR executive and club spokesperson…… Jib

    International PR and roving ambassador……Jesperfuglslang

    Chief executive of Home supporters……. Bobbybee

    New Chief scout….. Ketsbaia

    4
  • lesh

    Oct 16, 2017 at 6:12 PM

    Comment #26

    Sparky

    Given Ashley’s interest in property investments, I wonder where the bit of Strawberry corner land fits into his plans? Any insight on that? It’d be nice to think he’d return it to the Club.

    Reading the words “A process will now commence of identifying new ownership for the club that will be capable of delivering the sustained investment in and dedication to the club that is necessary for it to achieve its ambitions” one could be forgiven that Ashley’s proposing to assess potential buyers and select the one(s) considered best to take the Club to greater heights.

    It’d be good news were he to take the sale seriously and carry out a thorough due diligence to determine interested parties’ motivation as well as liquidity. Dream on.

    And if he’s prepared to offer the facility of staged payments from a buyer, that would give credence to potential Chinese buyers being involved. Wasn’t there a suggestion that such investors were only allowed to take 80% of an overseas business until approval to take 100% was granted by the Chinese Communist Party conference?

    We can but wait and hope that fans can look forward to a happy Christmas and wish our current owner all the success he deserves.

    0
  • bettyswallocks

    Oct 16, 2017 at 6:27 PM

    Comment #27

    Additional suggestion for new administration :- Political Correspondent ….. Lesh

    1
  • lesh

    Oct 16, 2017 at 7:29 PM

    Comment #28

    Bettys

    I’m flattered at your suggestion that I be considered for the role of Political Correspondent.

    Might I suggest that given the Club’s worldwide presence, that that role be redefined as Director of Government Relations with AncientC having responsibility for UK and EU relations.

    1

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