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Ashley To Issue Update On Takeover Status – Likely To Be Self-Serving


The Sunday Sun today is reporting that Mike Ashley will issue an update on where things stand as far as the owner selling the club.

Things have gone awfully quiet on that front over the last several weeks.

We were told there were four consortia trying to buy the club for Ashley’s price of about £300M, but that not one of them can come up with the money to do the deal.

£300M will help cover the money Mike Ashley has invested into the club, which is around £260M, and that includes the interest-free loans he has outstanding.

We expect Mike Ashley to be self-serving and say he tried to sell the club, but he didn’t get any suitable offers and that the club will remain up for sale.

Mike Ashley and Lee Charnley at Wembley yesterday

But if the price is high enough nobody will ever buy Newcastle United.

The consortium led by Peter Kenyon got closest to buying the club, but they were reported to be as much as £100M short of the price.

Mike Ashley is still waiting for an improved bid to come in from Kenyon, but none has arrived.

And it was reported last week that Newcastle struck a loan deal with Barclays to cover the cost of the two transfers we did last month – one permanent and one a loan.

Mike Ashley will not put any more of his own money into the club, but we don’t need that,

We need Ashley to allow Rafa to spend some of the club’s money that must be available.

After all, we are the 19th richest football club in the world based on revenues

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Comments welcome.


20 comments so far

  • toon22

    Feb 3, 2019 at 10:04 AM

    Comment #1

    In the last 11 years MA has had no intention of selling the club regardless of what he said
    This is just another sale lie

    Nobody believes it anymore

    33
  • Lindisfarne

    Feb 3, 2019 at 10:08 AM

    Comment #2

    Turdboat with another load of BS

    8
  • Jib

    Feb 3, 2019 at 10:08 AM

    Comment #3

    Six weeks seems to be the right timing.
    Kenyon has said relegation won’t deter
    him – end of March should let parties
    know what the final price will be

    Lindy
    With regard to Wolves – did you see
    Everton’s defence ? – it was kack !

    1
  • lochinvar

    Feb 3, 2019 at 10:08 AM

    Comment #4

    Has Ashley bought Charnley a new jacket ? Looks very natty.
    Now we know where the money’s gone.

    4
  • Jib

    Feb 3, 2019 at 10:09 AM

    Comment #5

    toon 22
    tell us again that we are
    not going to buy anyone

    ha ha ha

    8
  • lochinvar

    Feb 3, 2019 at 10:15 AM

    Comment #6

    Biggest concern is that if Ashley thinks that Rafa’s ambitions for the club are met by buying Almeron then he’s so wrong.
    Even more concerning is Ashley thinking that he can save money if Rafa walks and replaces him with Agent Bruce or someone else on half the money.
    Is Kenyon waiting to pounce as Jib suggest later in the season ?
    Can’t wait that long .
    Oh wait we have , 10years or more

    5
  • c-dog

    Feb 3, 2019 at 10:16 AM

    Comment #7

    Munster

    You Irish haven’t been sent packing like that since Lloyd George’s negotiations with Collins

    8
  • Jib

    Feb 3, 2019 at 10:20 AM

    Comment #8

    c – dog
    One of the first things you are
    taught as a rugby player is not
    to gloat like a 9 year old when
    you win – it has a terrible habit
    of kicking you in the teeth if you
    do.

    6
  • toon22

    Feb 3, 2019 at 10:32 AM

    Comment #9

    JIB

    He only spent as he was forced too

    Have we been sold yet?

    13
  • toon22

    Feb 3, 2019 at 10:33 AM

    Comment #10

    Jib

    Feb 3, 2019 at 10:20 AM
    Comment #8

    c – dog
    One of the first things you are
    taught as a rugby player is not
    to gloat like a 9 year old when
    you win – it has a terrible habit
    of kicking you in the teeth if you
    do.

    Jib

    Feb 3, 2019 at 10:09 AM
    Comment #5

    toon 22
    tell us again that we are
    not going to buy anyone

    ha ha ha

    18
  • DaveD1000

    Feb 3, 2019 at 10:34 AM

    Comment #11

    Frog has lost it he is getting his cut and his paste all muxed up

    3
  • toon22

    Feb 3, 2019 at 10:35 AM

    Comment #12

    JIB is full of the brown stuff

    Its the same sale lie weve been fed for years and years

    I gave it a rest while MA seemed to be doing the right thing

    17
  • toon22

    Feb 3, 2019 at 10:35 AM

    Comment #13

    DaveD1000

    Read those two comments

    One says not to gloat while the other is gloating

    The usual BS from the blogs resident PR

    Hiya KBA

    21
  • DaveD1000

    Feb 3, 2019 at 10:37 AM

    Comment #14

    yea yea if you say so

    1
  • toon22

    Feb 3, 2019 at 10:40 AM

    Comment #15

    Mike Ashley faces fine for late filing of accounts

    https://www.bbc.com/news/amp/business-47031665

    Wonder whats in those accounts Mikey boy 😉

    6
  • Jib

    Feb 3, 2019 at 10:41 AM

    Comment #16

    I’ve sussed it
    toon22
    Lindisfarne
    c-dog
    are all in the same class at school

    6
  • DaveD1000

    Feb 3, 2019 at 10:45 AM

    Comment #17

    frog is ahead on kiddypoints

    1
  • Jib

    Feb 3, 2019 at 10:46 AM

    Comment #18

    Mash Holdings was due to file its accounts on 23 July 2018 and has not yet done so.
    about nine weeks later the first rumours of a takeover hit the press

    https://www.theguardian.com/football/2018/sep/29/peter-kenyon-newcastle-united-mike-ashley

    1
  • Lindisfarne

    Feb 3, 2019 at 10:52 AM

    Comment #19

    Jib

    In comparison to city & spurs, wolves pass quickly, overwhelm defenses and specifically aim to destabilise defences rather than relying on quality to cut through onto goal. Our backline and whole team is very well organised to repel incisive attacks, but can be exposed by fast paced long ball tactics. Well as much as any other team, but we need to remain confident and not get shaken by any goals that maybe conceded.

    2
  • Tenbytoon

    Feb 3, 2019 at 11:21 AM

    Comment #20

    What make me laugh about the takeover is that all of last year Ashley called the Staveley takeover nothing but a bunch of timewasters despite having 2/3 bids of around £250 million knocked back. Yet Kenyon’s consortium can barely get £200 million together but in Ashley’s eyes their serious buyers despite being even lower than the Staveley consortium. That why I believed that the takeover was lies lies lies. Because why would lower bidders be more serious buyers than higher bidders

    15

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