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Mike Ashley Is Serious About Selling Newcastle


Sir John Hall thinks that Mike Ashley is serious about selling Newcastle United and only last month there was news that Ashley had reduced his price to £300M for Newcastle.

But it doesn’t seem like anybody is rushing to buy Newcastle and what we definitely don’t want to see is a long drawn out sale – that could affect the players as it seemed to do last season.

Sit John has said he knows there has been interest in the club but nobody has yet met the price Ashley is asking – probably because the club is overpriced.

Sir John Hall – former Newcastle Chairman

The Chronicle are relaying comments today from Sir John Hall which he made during an appearance at a Newcastle Legends event in aid of the West End Food Bank:

“I think he is serious in his intention to sell, but there aren’t many people with the sort of money to buy it off him. There certainly isn’t in the North East, anyway,”

“There has definitely been interest in the club, I know that, but clearly nobody has yet given him the price he wants.”

“If you have fallen out of love with your business, you have to sell – and I think Mike’s fallen out of love with Newcastle.”

“If someone wants to buy a football club, they will come along and do it. It won’t be a long, drawn-out process done in public.”

“But, until someone offers what Mike wants – whatever figure that is – then the club won’t be sold.”

“People coming into football now do so not because they love football, but because they smell money.” 

“But, when it comes to Newcastle, you will need to spend £300M or £400M to buy the club.”

“And then another £500M over five years to really make the club competitive if you want to change Newcastle’s fortunes.”

“It’s not just about who comes along; there has to be success or they have to be able to bring success.”

“He (Ashley) had the intentions of taking the club forward. That’s what he told me, anyway.”

“He told me he wanted to use the club to help grow his business in East Asia, which I thought would benefit everyone because it would mean Newcastle United would gain a wider fan base, and grow too.”

“But things went wrong – he received some bad advice which led him to make poor decisions – and he’s never been able to wrestle that back.”

“I’m sad it hasn’t happened how he thought it might.”

So are all Newcastle fans.

It really is a significant financial commitment in Newcastle for a new owner to make.

The thing on our side is we have the best fan base in the game, and even if a big conglomerate came in to buy the club, we wouldn’t lose our identity – as happened with Manchester City.

A club without a soul but with lots of money.

But it seems there are not too many buyers willing to invest in the club.

That could change at any time, and a real buyer intent on owning Newcastle would be able to close the deal quickly – that’s usually what happens.

Comments welcome.


168 comments so far

  • Essex Geordie Bill

    Oct 16, 2018 at 3:22 PM

    Comment #1

    Was he ever in love with the club, I think Sir John has got that wrong.

    9
  • Bambams

    Oct 16, 2018 at 3:22 PM

    Comment #2

    I am pleased SJH has spoken up about ‘how it has not worked’

    Its basically a slap in the face for ashLIE that he has done a crap job and failed – but SJH says it in a nice way.

    This will annoy ashLIE more than supporters having a go at him.

    Imo

    10
  • toon22

    Oct 16, 2018 at 3:25 PM

    Comment #3

    He’s no interest in selling

    Never has

    5
  • toon22

    Oct 16, 2018 at 3:27 PM

    Comment #4

    Regardless of what happens

    MA will look like he made a mess of “running” the club

    It’s never MAs fault

    2
  • toon22

    Oct 16, 2018 at 3:29 PM

    Comment #5

    I’m sure even after all the money the Mansours have spent at city

    They wish they had a crowd like what the toon has,it’s something you can’t always buy

    9
  • Jail for Ashley

    Oct 16, 2018 at 3:29 PM

    Comment #6

    No offence to those that still love him. Thanks for the stadium and ambition But foot off John, You knew exactly what you were doing when you sold out to him, You didn’t give a foot.

    22
  • Ron Knee

    Oct 16, 2018 at 3:37 PM

    Comment #7

    “But things went wrong – he received some bad advice which led him to make poor decisions – and he’s never been able to wrestle that back.”

    But he’s reformed: he treated Rafa & the team to a pizza!

    5
  • DubaiMicky

    Oct 16, 2018 at 3:40 PM

    Comment #8

    Re boycotts (obviously I can’t really comment as I can’t go too often), but I still think an empty stadium for the first 5 or 10 minutes would do the trick anyway, it doesn’t need to be for the whole game.

    Thing is, it would need 30-40,000 people all doing it if it’s to be successful, and i don’t think people could be bothered.

    1
  • RobLeenio

    Oct 16, 2018 at 3:40 PM

    Comment #9

    Strange coincidence that someone on here was calling for Sir John Hall to speak up just the other day (sorry for not giving credit, memory like a seive), and then he comes out and says that.

    I think he’s probably in a difficult position to really say what he thinks and let rip as the likes of Shearer and Keegan have, but I agree with Bambams – there are some carefully crafted words in there. He’s essentially telling Ashley to get out, his asking price is too high and he’s made a bunch of mistakes which he can never come back from.

    Another bit of pressure coming to bear, that’s essentially the North East business conclave arrayed against Ashley now, along with the fans, the politicos and the journos.

    I do wish the City Council would come out and say something about what a successful club means to them

    11
  • toon22

    Oct 16, 2018 at 3:41 PM

    Comment #10

    If it wasn’t for those pesky kids ?

    Proper Scooby Doo moment

    3
  • hibbit

    Oct 16, 2018 at 3:43 PM

    Comment #11

    dig-n-dig

    it was a serious question aimed at the full blog, not you in particular.

    but now i have to ask how many of those 8/10 fans were S/T holders how many actually go to games or live in the NE.

    or were they just expressing an opinion, how many of them called for Rafa to be sacked ??

    5
  • hibbit

    Oct 16, 2018 at 3:50 PM

    Comment #12

    other than on this blog i have not heard one nufc fan call for Rafa to be sacked not one

    15
  • toon22

    Oct 16, 2018 at 3:51 PM

    Comment #13

    Same

    4
  • Bambams

    Oct 16, 2018 at 3:55 PM

    Comment #14

    Robleenio

    My thoughts exactly.

    1
  • RobLeenio

    Oct 16, 2018 at 3:57 PM

    Comment #15

    Same here, not neighbours, mates, colleagues, fans in pubs before the match or during a game or fans at the match. Not a single one.

    I do wonder if people feel braver being able to hide behind their avatars, rather than risk being shouted down in person, but I don’t think it’s really the case.

    6
  • hibbit

    Oct 16, 2018 at 4:07 PM

    Comment #16

    I’ve long thought Nick Forbes should have commented on the way the club was being run,
    but not a word from him or the council on the damage Ashley is doing to the club and the city

    11
  • GeordieTwo

    Oct 16, 2018 at 4:19 PM

    Comment #17

    I don’t believe Mikey received bad advice. It’s an excuse for a buffoon who wanted to run the club as cheaply as possible.

    3
  • GeordieTwo

    Oct 16, 2018 at 4:20 PM

    Comment #18

    Mikey listened to people who told him what he wanted to hear. “It can be done well and cheaply Mike. You can make a fortune out of it and advertise your rags for free.”

    1
  • GeordieTwo

    Oct 16, 2018 at 4:24 PM

    Comment #19

    Saying Mikey is serious about selling the club as long as he gets the price he wants is like saying there is no realistic way to sell the club. Mikey has made the club poor and as SJH says it would take 400 or 500M over five years to make it competitive! Who would spend upwards of a billion pounds on the club? I don’t see anyone rushing to do it. Mike is a fool who destroyed the value of the club and now wants someone to bale him out with lots of money. Don’t hold your breath buffoon.

    6
  • toon22

    Oct 16, 2018 at 4:40 PM

    Comment #20

    Hes never been interested in selling

    Had a quick google and i cant find any company hes ever sold

    He did sell himself the land the club used to own,its the best i can find

    9
  • dig-n-dig22

    Oct 16, 2018 at 4:40 PM

    Comment #21

    Hibbit 11

    None of the fans wanted Rafa sacked in the bar or the Hotel ,I think, because no one could see any point, what I did notice was the groans when the subs were made, more than anything the tactics were the problem

    0
  • toon22

    Oct 16, 2018 at 4:41 PM

    Comment #22

    Its never MAs fault

    2
  • Essex Geordie Bill

    Oct 16, 2018 at 4:41 PM

    Comment #23

    Don’t think it would have made any difference what type of advice he had, don’t think he listens to anyone.

    4
  • toon22

    Oct 16, 2018 at 4:42 PM

    Comment #24

    YAY

    Lets blame Rafa

    Ignore the last 11 years everyone

    4
  • Bambams

    Oct 16, 2018 at 4:42 PM

    Comment #25

    Mick Quinn has put some stuff on Twitter that he has heard rumours ashLIE wants too many agreements in any sale. It’s suggested he wants SD signage left and continue with the running of the supporters shop.

    When you look at what agreements he had with Rangers and their football shirts/sportswear I actually believe he will want to keep what has been suggested.

    11
  • toon22

    Oct 16, 2018 at 4:43 PM

    Comment #26

    dig-n-dig22

    Exactly the kind of guy you see at the match all the time
    Or in a bar outside
    Or in the chippy

    Just an ordianry toon fan

    LoL

    0
  • Bambams

    Oct 16, 2018 at 4:45 PM

    Comment #27

    Jail is probably right in his recommendation to keep targeting SD. This is ashLIE Achilles heel and the more bad press it gets the better chance he will eventually sell up.

    Could take a long time though

    5
  • toon22

    Oct 16, 2018 at 4:46 PM

    Comment #28

    Bambams

    Yep read that

    Hes never going to sell

    He just wants someone to exploit so he can make the lie believable

    5
  • toon22

    Oct 16, 2018 at 4:46 PM

    Comment #29

    ashLIE

    🙂

    1
  • nufc 11

    Oct 16, 2018 at 4:49 PM

    Comment #30

    Sure he is serious about selling if the new owner will continue to let SD hoardings drape everything nufc related for 10 years after the sell up, if the new owner continues to let Puma be the kit supplier to (Sports Direct) I mean nufc for £1500 a season then he will sell yes. Its time some changes the record who cares anymore.

    1
  • hibbit

    Oct 16, 2018 at 4:52 PM

    Comment #31

    Dig
    like i said earlier I’ve not come across one fan other than on here that wants him sacked,
    got to make posters wonder about the type of people they are and there reason for being on here ?????

    10
  • Pain in the Blog

    Oct 16, 2018 at 4:53 PM

    Comment #32

    So SJH tells us that Ashley “received some bad advice which led him to make poor decisions”?

    To make that excuse about yourself, asa businessman, is to inadvertently prove to the world that you are weak, easily led, and out of your depth. To state it as an excuse for someone else’s behaviour is to express exactly the same sentiment about them but wrapped up in a sugar coating. It is a prize piece of damning sophistry by Sir John.

    I wonder who will tell Ashley that SJH is not actually being supportive.

    4
  • Bambams

    Oct 16, 2018 at 4:54 PM

    Comment #33

    Toon22

    I do think he wants to sell, problem is he is holding all the cards. He will only sell for a stupid price (which is why we have not been bought) or if we can force him to leave – bad press ‘re SD (but even then there is the argument by lowering the share price he will buy them back).

    Basically unless someone with so much money comes in and offers enough for him to walk away totally or ashLIE decides he has had enough – then we are stuck with him.

    Kenyon and Stavely are allegedly involved or monitoring the situation, then there is the Saudi link. We just have to hope something is happening and happening soon.

    Cheers fella

    1
  • RobLeenio

    Oct 16, 2018 at 4:58 PM

    Comment #34

    “someone to exploit” – Peter Kenyon? Mohammad bin Salman Al Saud?

    You think these people would allow an odious turd like Ashley to exploit them? Honestly, you would do some good if you just applied a little bit of thought to the sh!te you spout.

    4
  • beermonkey

    Oct 16, 2018 at 5:08 PM

    Comment #35

    toon22

    ashley has sold dunlop just recently for 122 mill i think might be wrong
    get some google tips from jib

    https://www.telegraph.co.uk/business/2016/12/27/sports-direct-sells-dunlop-brand-japans-sumitomo/

    i found that

    1
  • toon22

    Oct 16, 2018 at 5:15 PM

    Comment #36

    Fair do didn’t see that

    It’s never MAs fault

    0
  • GeordieTwo

    Oct 16, 2018 at 5:16 PM

    Comment #37

    Odious turd is exvcellent. Let’s get to work on some more accurate descriptions of our beloved owner. Well said @32 Pain. The man is full of greed and nothing more. An empty husk driven by greed. Pathetic and despicable. But was Sir John Hall any less greedy? I have my doubts. He took the money and ran. Don’t rely on buffoons of the past to give answers for the problems of the buffoon of the present.

    11
  • toon22

    Oct 16, 2018 at 5:17 PM

    Comment #38

    I’m guessing he simply sold the brand and nothing physical changed hands

    How many more years of being shafted ?

    1
  • toon22

    Oct 16, 2018 at 5:18 PM

    Comment #39

    Given the choice

    Would you pick MA or SJH right now ?

    Thought so

    1
  • toon22

    Oct 16, 2018 at 5:18 PM

    Comment #40

    There’s a very good reason there’s not an S in front of ashLIEs name

    1
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