Why Mike Ashley Is Now Unlikely To Sell Newcastle

The Telegraph (Luke Edwards) reported yesterday that Amanda Staveley has made no attempt to bid again for Newcastle since the beginning of December.

The stalemate continues after Ashley pulled the rug from under PCP Capital Partners in mid-January after saying nothing was happening; the Newcastle owner has even said he suspects Ms. Staveley doesn’t have the cash to buy Newcastle.

But there are going to be no new offers for Newcastle until we are safe from relegation and that could go down to the last game of the season unless we can find a way of taking our chances and winning some games.

And even Ashley’s side things are in flux with the owner waiting for the announcement of the new Premier League TV rights three-year deal to be announced this month and to start a next summer (2019).

Mike Ashley – will ask too much for Newcastle

If that amount goes up significantly from the previous £5.1B agreement Ashley will raise the price of Newcastle above what he’s asking for now – which seems to be somewhere between £300M and £350M.

We don’t think any buyer will come in with the price Mike Ashley wants for the club.

And only when Newcastle are safe in the Premier League or relegated will we see another bid, possibly from Ms. Staveley.

PCP Capital Partners may still be interested in buying Newcastle even if we are relegated but that’s dependent on Rafa staying at the club, which is unlikely.

One of the pieces of information in the report is that Ashley could be willing to sell for £300M upfront – with Staveley willing currently to pay £250M up front – if reports are to be believed.

Alan Shearer could be very close to the truth when he said yesterday he doesn’t think there will be any takeover.

And that’s whether the club is for sale or not.

You can have the club on the market for months or even years, but if nobody is willing to pay Ashley’s price then nothing will happen.

Certainly, nothing will happen with the potential takeover for some months.

And that could be good for the club so that Rafa and our players can concentrate on getting results in the league and being in the Premier League next season.

Will Mike Ashley Be Successful And Sell Newcastle This Year?

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Comments welcome.

16 comments so far

  • Benton Toon Exile

    Feb 6, 2018 at 3:51 PM

    Comment #2

    He, like the rest of us have no idea, so a bit of a non story.

  • RobLeenio

    Feb 6, 2018 at 3:55 PM

    Comment #3

    “We don’t think any buyer will come in with the price Mike Ashley wants for the club.”

    Who’s the “We” you’re talking about, Ed? As far as I’m concerned there are too many variables to be certain one way or the other.

  • lesh

    Feb 6, 2018 at 3:59 PM

    Comment #4

    Luke Edwards’s changed his tune a bit about the PCP bid. It’s noticeable that his Torygraph article refers to Stavely ‘ambushing’ his meal with his wife, refers to Ashley’s view that PCP couldn’t fund its offer. Has Bishop got to him as well?

    He could have quite rightly referred to Ashley’s greed, his lies, lack of ambition, free SD advertising, lack of commercial income and overall rank bad management – but he didn’t.

    I wonder what clout Ashley seems to have over the media. There must be some dirt on him out there, skeletons in his cupboard that could be held over the greedy git to persuade hi that it’d be in his best interests to sell up and sod off.

  • wynsleap

    Feb 6, 2018 at 4:01 PM

    Comment #5

    I’d take relegation if it meant getting rid of this parasite.
    Anyway what happened to these other ‘interested parties’ Ashley was talking about? Another lie to add to his vast repertoire.
    On the playing front – why aren’t we in for Nasri? It’s a no brainer. No cost apart from his wages. A fantastic pedigree and only 28 years old. He’d link our midfield and forwards (Slimani and Kenedy particularly) with style and guile. Have we NO ambition at all?

  • martoon

    Feb 6, 2018 at 4:17 PM

    Comment #6

    wynsleap @5 – Nasri is a nasty piece of work who causes trouble wherever he goes – there’s a reason why he has been released at 28 and nobody has come in for him!

  • Jib

    Feb 6, 2018 at 4:18 PM

    Comment #7

    Nasri is poison
    A truly horrible person
    31 next June
    only played 31first team games in the
    last two years and they were in Spain and Turkey

  • toonluvva

    Feb 6, 2018 at 4:25 PM

    Comment #8

    There is a lot of speculation over the bidding for PL TV rights. No one knows whether there will be any new entrants to the market or not. But it does seem clear that BT feel that they over bid the last time and subscriptions have apparently fallen. They have also been criticised for concentrating on football rather than rolling out super fast broadband.

    If all the above means that BT bid less, then no doubt Sky will follow suit. Less money then for the PL teams, and therefore for us.

    Will the “phantom” bidders take this into account when looking at buying us?Not that I believe there were any in the first place. No matter what happens though at £350M there is not a snowflakes chance in Hell of Mr Ashley getting anywhere near that.

    We might survive this season, but Rafa will most likely walk in the Summer and whilst Mr Ashley might feel happy to appoint another “yes” man, the resulting relegation will wipe a huge slice off his valuation off the club.

    Isn’t it sad that many fans are now coming to the view that relegation is the way to be rid of the blight that is Ashley.

  • the white tino

    Feb 6, 2018 at 4:28 PM

    Comment #9

    Only wish one of us could think and put together a plan where it forced this parasite out of the club forever!!! He is bleeding us dry, see the list on earlier post of differences on costing and value of club absolutely disgraceful and if it was a top six club it would be all over the media

  • JeanDavidGinola

    Feb 6, 2018 at 4:30 PM

    Comment #10

    I don’t think he’ll ever sell, hes getting maximum income and running with a minimum expenditure, he’s getting free advertising at a big football club, he’s getting major press coverage with minimal effort, he probably knows Staveley and it wouldn’t surprise me if the whole takeover thing was a setup to rock the boat cos he’s that kind of person. This man doesn’t care about our club and probably assumes he’d be making the same amount of cash out of us even if we were in league one with Mick McCarthy in charge. If he loved the club he would have walked away by now but to him were just a profitable game to amuse himself with when he’s not pissed vomming into a fireplace.

  • nufc 11

    Feb 6, 2018 at 4:53 PM

    Comment #11

    People used to say Doug Ellis who used to own villa was the most hated owner in the history of English football I’d say it is safe to say Mike Ashley now owns that title. I’d say he actually enjoys the hatred. The man is a class a idiot 3 loan players and a chapionship squad is some gamble when you consider the loses he will take if they go down couldn’t happen to a better man him.

  • lesh

    Feb 6, 2018 at 5:42 PM

    Comment #12


    Do you think Nssri’d be happy on £40k a week?


    Feb 6, 2018 at 6:02 PM

    Comment #13

    For the last 10 years nothing but lies have came from the Ashley camp. The last 6 months or so about multiple bidders & rejected bids are just more of the same from the fat man. He will grab t.v. money & carry on with this nightmare saga

  • Tom Page

    Feb 6, 2018 at 11:12 PM

    Comment #14

    This article is a load of rubbish. Ashley had no intention of selling the club to anyone. He is a total liar and merely created the ‘sale’ to inflate a load of tripe from his media mates and to find out if there were some ‘loonies’ out there who would be daft enough to meet any level of money he believed he could extort from a lunatic bidder. Now there’s no bidders, fools or lunatics willing to come forward, so, there will be NO sale. He is here for the next ten years – maybe even longer!

  • Sav

    Feb 7, 2018 at 1:01 AM

    Comment #15

    Mashley is swinging on the golden udders of the Toon Cash Cow like an overweight Tarzan. But did Stavely seriously expect he would loosen his grip on them with a juicy TV deal imminent? Did she think he is the kind of bloke to quietly hand it over so she can reap fat profits instead? If 50 million was really enough to put her off, she probably lacks the muscle required to make us contenders again and as for her being in love with the project, well we heard all that from a certain cockney 11 years ago and look where that got us.

  • ArtyH

    Feb 7, 2018 at 10:13 AM

    Comment #16

    So I’ll say it again, the only way to get rid of him is to boycott! I saw an article which stated he wobbled when I think Spuds did a boycott and he then released major funds. Anyway, even if the boycott was for televised matches it would show real intent from the fans! Imagine the humiliation in front of the world and his loyal media friends, there would be no hiding place. Even that fat parasite would not be able to come back from that, would only take a few televised games to do the work. Imagine the prospect of $ky presenters panning the stadium with no one inside, the most LOYAL and KNOWLEDGEABLE supporters in the land stating they want their club back in the hands of someone who cares. You will not get a more powerful statement than that, there is no comeback from that action. Again it would only take a maximum of two to three televised games and he would have to leave! Public humiliation and in the media cross-hairs over his tyrannical reign over our historical club there would be no hiding place! This is our only chance to press home the advantage of his latest mismanagement, while it is still fresh in the minds of the media, if this chance is missed he is here for the duration.
    If there is to be change there has to be sacrifice, I myself am under self banishment from St.Jame’s after what I saw was unacceptable treatment of Keegan and compounded by similar to Shearer, these sort of outrageous acts cannot be allowed to continue.
    We need to be strong, we need to be UNITED, its the only way to save our club. HWTL’s and I mean the fans this time, lets hit him so hard ( with a couple of empty stadiums ) he cannot come back!


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