We hear that Mike Ashley still has the club up for sale for £300M if any billionaire or consortia are willing to pay that for the club
With revenues of £178.5M through the last financial year (July 1st, 2017 – June 30, 2018) that’s the highest revenues, we have ever had, and about 71% of that (£126.5M) came from the Premier League for finishing 10th.
The other two revenue sources are matchday receipts and commercial.
Commercial revenue at the club has hardly increased in the time Mike Ashley has been at the club and while other PL club have commercial revenues in the hundreds of millions – ours is at only £28.2M – pathetic.
And even though Ashley still says he wants to sell the club, we would be very surprised if Amanda Staveley and her PCP Capital Partners Group put in another bid.
Recently there was a report from Dubai that she was still interested in Newcastle, but she was when Ashley broke off negotiations with her just over a year ago, becasue she was wasting his time.
We had a long soap opera from October of 2017 through January of last year with Staveley trying to buy the club, with the emphasis on trying.
If she really wants to buy Newcastle she should could up the money.
The last thing fans want is another long drawn out saga that ends with nothing.
The club will be sold when somebody comes in and wants to buy the club, and the deal will be done silently and quickly.
Here’s hoping that happens before the summer.
What do you think?