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Ashley Accepts £261M Bid For Newcastle From Russian Billionaire

There is some surprising breaking news today that Newcastle owner Mike Ashley has accepted a bid from a Russian Billionaire, to sell the club he has owned since June of 2007.

Alexei Mordashov – 45 year-old Russian Billionaire buys Newcastle club

This is a surprise, but apparently the Russian Billionaire Alexei Mordashov contacted Mike Ashley last week, and was given access to the financial records, including the financial year records from June, 2009 through June, 2010, when the club was in the Championship.

Records were also furnished for the current year’s financial performance, which is of course expected to be much improved, with the Newcastle club looking to break even this financial year, which will be the first time since Ashley took over that Newcastle will not have recorded a loss.

Mordashov is the owner of steelmaker Severstal,  and is worth $18.5B (US $), and was 29th on the Forbes Billionaire list earlier this year, and is the second richest Russian, behind Vladimir Lisin, who is worth $24B and is in 14th place.

Apparently the Russian bid £250M last week, but the figure agreed is now £261B for the Newcastle club, and it was apparently too good an offer for owner Mike Ashley to turn down.

This is what Managing Director Derek LLambias said today, when the news broke:

“Mike Ashley had no intention of selling the Newcastle club, and he was fully committed to bringing success back to the Newcastle club. ”

“But this offer, that was provisionally made last week by Mr. Mordashov, was just  too good to turn down.”

Mr. Ashley has has invested over £280M into Newcastle, since buying the club in June of 2007, and while this offer does not recuperate all of that investment, it gets very close to Mike breaking even on the deal.”

Mike wishes the Newcastle club and its supporters every success in the future and believes he has put it on a good financial footing. over the last couple of years. and believes Mr. Mordashov can now take the club forward to bigger and better things.

Mike Ashley had no comment to make on the deal, which is hardly surprising, but we also understand the £138M he is owed by the Newcastle club will now be paid back to Mr. Ashley in yearly installments over a ten year period, and that Mr. Ashley will receive 6% annual interest on the investment.

So just like Ashley got a great deal for Andy Carroll from Liverpool, it seems Mike has made another good deal for himself with the comparatively young Russian Billionaire.

A spokesman for Mr. Mordashov had this to say to the huge Newcastle fan base spread around the world:

“We are delighted to have been able to buy such a famous club as Newcastle United, and will be ready to invest in the summer transfer window in the summer.”

“It was important for Mr. Mordashov to buy the club now, so that suitable players can be brought in to strengthen the squad before next season.”

“The financial plan is to immediately make available £125M for the summer transfer window, and we fully intend to keep Mr. Alan Pardew and his impressive coaching and scouting staff in place.”

“However, over the next month or so we will take a look at other more appropriate transfer targets, the Newcastle club will now be going after in the summer.”

“Mr. Mordashov plans to visit Newcastle within the next month, and will hold a press conference with the local Newcastle press at that time.”

“His aim is to make Newcastle into one of the top clubs in Europe, and would like to win the European Champions League within a five year time frame.”

“Plans to increase the capacity of St, James’ Park to 61,00 are now in place, and the Newcastle City Council has already been contacted, and planning permission documents have already been submitted to the Council.”

“The way forward for Newcastle, the future strategy,  will be published within the next couple of weeks, and will be an open document that Newcastle fans will be able to access on the Newcastle official web-site.

We also understand that in order to get around the new Financial Fair Play rules that will be introduced next season by UEFA, Mr. Mordashov wants to being in a number of world-class players before the end of June.

This is terrific news for Newcastle fans, there’s no doubt about that, and it looks like quite a number of world class players will be arriving over the summer, and we wouldn’t be surprised if some of the top Russian players will soon be arriving on Tyneside.

So that’s the rather surprising news this morning, as we understand it.

It would be just great if only the date had been just a little different today.


95 comments so far

  • ToonAndy

    Apr 1, 2011 at 1:41 AM

    Comment #1

    April fools Ed!! This actually got me veryyy excited until I looked at the date!! 🙁

  • DerkaSayWhat

    Apr 1, 2011 at 1:44 AM

    Comment #2

    Raging like hell,You……….

  • Thump

    Apr 1, 2011 at 1:56 AM

    Comment #3
  • Thump

    Apr 1, 2011 at 1:58 AM

    Comment #4

    Although I did laugh at this. Your typo’s prove to be your downfall, Ed.

    “Plans to increase the capacity of St, James’ Park to 61,00 are now in place, and the Newcastle City Council has already been contacted, and planning permission documents have already been submitted to the Council.”

  • hugenufcfan

    Apr 1, 2011 at 1:59 AM

    Comment #5

    Ohh you …… I thought this was too good to be true and it turned out just that.
    Started searching google and nothing came up and then i saw the comments..
    Well lets hope someday this comes true 🙂

  • Thump

    Apr 1, 2011 at 2:11 AM

    Comment #6

    He is supposedly a Newcastle fan though.

    Never give up hope!

  • DerkaSayWhat

    Apr 1, 2011 at 2:12 AM

    Comment #7

    Hahha Thump

  • davis_toons

    Apr 1, 2011 at 2:39 AM

    Comment #8


    Another news

    Alexi Mordashov is looking to purchace 50% of the club and work along side Ashley.

  • davis_toons

    Apr 1, 2011 at 2:42 AM

    Comment #9

    Wasn’t this the news we have been waiting for.

  • rossrich

    Apr 1, 2011 at 2:48 AM

    Comment #10

    You should be ashamed of yourself Ed!!!! Playing on our already battered hearts and minds. I nearly pissed myself with excitement until I remembered what day it is 🙁

    Got me good and proper 😉

  • davis_toons

    Apr 1, 2011 at 2:54 AM

    Comment #11

    England will only have a chance of the WCF if CR is in the team.

  • davis_toons

    Apr 1, 2011 at 2:56 AM

    Comment #12

    England should have an english coach that dare to answer to himself.

  • DerkaSayWhat

    Apr 1, 2011 at 2:59 AM

    Comment #13

    Shows that when you read a title and you get exicted,You really cant read :(.

  • DerkaSayWhat

    Apr 1, 2011 at 3:03 AM

    Comment #14

    I will agree with ya,Davis. I would love to see an English manager coach the national side,we can all dream.The FA have no faith in british managers coaching england, which in its own right is disgraceful as hell. Fabio Capello wouldnt have the same love for england as David Beckham, ‘Arry Rednapp etc.

  • Ezedoesit

    Apr 1, 2011 at 3:09 AM

    Comment #15

    I very nearly pissed my pants!!! I believe u got me last year too ED!!

    Check out this funny video: http://www.youtube.com/watch?v=lL8uOqYo_00&feature=youtube_gdata_player

  • nyctoon

    Apr 1, 2011 at 3:29 AM

    Comment #16

    literally scoured the internet for five minutes til i realized ed was havin a laugh….too good to be true this!!!

  • TheMightyOne

    Apr 1, 2011 at 3:34 AM

    Comment #17

    ED I F****** HATE YOU!!!


    Apr 1, 2011 at 4:18 AM

    Comment #18

    Knew this was a wind up when i saw the photo!

    All of us can dream though eh!!!!!!

  • terencelim

    Apr 1, 2011 at 4:31 AM

    Comment #19

    Let’s pray and hope for this to happen soon, maybe this year =)

  • rajiano

    Apr 1, 2011 at 4:36 AM

    Comment #20

    I don’t like you very much tonight ED!!! Just got in from class and saw the most awesome news… Men talk about hitting rock bottom!!!

  • DerkaSayWhat

    Apr 1, 2011 at 5:10 AM

    Comment #21

    I would piss myself if this came true.

  • john DSOUZA

    Apr 1, 2011 at 5:17 AM

    Comment #22

    Was so exicted hearng this news, hope its nt april fool

  • Brutooon

    Apr 1, 2011 at 5:17 AM

    Comment #23

    A Yr ago, ED wrote an article on CH being sacked, two yrs ago about Shearer becoming our manager (which is true)

    Hopefully its true hahahahahahahahahah

  • Toonmania

    Apr 1, 2011 at 5:45 AM

    Comment #24

    Ha ha that got me going UNTIL i woke up!! nice vision though although the real give away was £125 million ??

  • john DSOUZA

    Apr 1, 2011 at 6:22 AM

    Comment #25

    ‘figure agreed is now £261B for the Newcastle club’
    260B Makes me laugh ED.

  • DerkaSayWhat

    Apr 1, 2011 at 6:40 AM

    Comment #26

    How much was Mike Ashley willing to sell this club during the relegation season ? wasnt it around 150 million or more ?.

  • balubas1

    Apr 1, 2011 at 7:08 AM

    Comment #27

    Thats a horrible April fool’s joke…… disgusting.

    You got be so bad.. I was shaking of joy!

    Don’t joke about love and passion…

  • Toonboy_84

    Apr 1, 2011 at 7:28 AM

    Comment #28

    Ed you bastard

  • Jimay

    Apr 1, 2011 at 7:45 AM

    Comment #29

    Read this on the bus to work and you really got me upset! I think the club are very good financially run and that would be ruined if we were bought and world class players were brought in with high salaries and so on.

    You really got me! Everyone on that bus must have thought I was crazy 🙂

    I hate you Ed 🙂

  • bollokheed

    Apr 1, 2011 at 7:53 AM

    Comment #30

    very cruel ed ,your a twat

  • Rotonda heights

    Apr 1, 2011 at 7:54 AM

    Comment #31

    Very cruel Ed, not the least bit funny. I knew it was april fools but haven’t we been wound up enough already .

  • Rotonda heights

    Apr 1, 2011 at 7:57 AM

    Comment #32


    world class players, chairman and manager.
    Yeah who needs that !!

  • roe997

    Apr 1, 2011 at 8:09 AM

    Comment #33

    u bastard ed u sick cruel man

  • Jimay

    Apr 1, 2011 at 8:12 AM

    Comment #34

    Rotonda heights – Who say that just because we get bought we get a chairman and manager that are better than what we got now?

    I don’t want billions pumped into this club just to buy world class players with high salaries. Don’t get me wrong, I would love to get world class players but we need to follow the path of financial good running.

  • bojous

    Apr 1, 2011 at 8:21 AM

    Comment #35

    Why did it have to be today of all days!

  • Burni

    Apr 1, 2011 at 8:23 AM

    Comment #36

    Ed! U absolute git! I nearly shat myself when I saw this! Text everyone in me phone book then clicked the date! I tip my hat at thee sir!!!!

  • Ryan_NUFC88

    Apr 1, 2011 at 8:23 AM

    Comment #37


    I literally got this as an RSS feed in my work e-mail’s and instantly shouts to a few of my workmates that Ashley has sold up, I was then reminded it was april fools. Damn you ed lol!

  • hitman

    Apr 1, 2011 at 8:24 AM

    Comment #38

    if only

  • fungus44

    Apr 1, 2011 at 8:43 AM

    Comment #39

    it might happen as Shearer was said to be our manager one year on this day and that was true so here,s hoping this is also true

  • deeeeeeano

    Apr 1, 2011 at 8:50 AM

    Comment #40



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