The Chronicle is reporting today that Mike Ashley is still in negotiations with two serious parties to buy the club.
So we don’t understand why the Bin Zayed Group are saying they could acquire Newcastle before the end of this month if exclusivity has not already been granted to them.
Ever since the news of the BZG group taking over Newcastle emerged more than three weeks ago, there have been two streams of information the fans have received.
One coming from the Bin Zayed Group directly to the fans via two communiques, and one coming from the Chronicle from what they have been able to find out from the club behind the scenes.
And they do not jibe at all.
Sheikh Khaled’s group have said they are waiting for the Premier League to give them the OK to buy Newcastle for £350M – the Chronicle is still reporting that Mike Ashley is waiting for an official bid.
So what’s going on here?
We don’t know, but this is way beyond a joke.
Mike Ashley – has been a disaster for Newcastle United over 12 long years
The Chronicle are reporting there is no way a takeover can complete before 30th June and therefore Rafa Benitez contract is likely to run out.
And Sky Sports have reported the Newcastle manager is taking the £12M/year (probably tax-free) to manage Dalian Yifang in the Chinese Super League seriously and is considering the deal.
Benítez is running down his contract at Newcastle with only 12 days left, and maybe if he takes the Chinese job it’s because he’s becoming fed up with the antics of the obstinate and stubborn Newcastle owner.
If that happens, it’s a real pity and so ironic if Mike Ashley is still around when he’s chased a world-class manager out of the club.
The blessing the club were given when Rafa agreed to join us in March 2016 and then stayed on when we were relegated.
Push is coming to shove very quickly, and it looks like Newcastle are ready to fall off a cliff at the end of the month – when Rafa’s contract runs out.
Such is the forward planning and management skill of a most incompetent owner.
How did we ever get to this point?
This case in all its glory should be sent to the Harvard Business School so they can use it as an example of how not to manage a company – in this case, a (very) famous Premier League football club.