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
Loading ...Comments welcome.
20 comments so far
toon22
Feb 3, 2019 at 10:04 AM
Comment #1In 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
Lindisfarne
Feb 3, 2019 at 10:08 AM
Comment #2Turdboat with another load of BS
Jib
Feb 3, 2019 at 10:08 AM
Comment #3Six 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 !
lochinvar
Feb 3, 2019 at 10:08 AM
Comment #4Has Ashley bought Charnley a new jacket ? Looks very natty.
Now we know where the money’s gone.
Jib
Feb 3, 2019 at 10:09 AM
Comment #5toon 22
tell us again that we are
not going to buy anyone
ha ha ha
lochinvar
Feb 3, 2019 at 10:15 AM
Comment #6Biggest 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
c-dog
Feb 3, 2019 at 10:16 AM
Comment #7Munster
You Irish haven’t been sent packing like that since Lloyd George’s negotiations with Collins
Jib
Feb 3, 2019 at 10:20 AM
Comment #8c – 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.
toon22
Feb 3, 2019 at 10:32 AM
Comment #9JIB
He only spent as he was forced too
Have we been sold yet?
toon22
Feb 3, 2019 at 10:33 AM
Comment #10Jib
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
DaveD1000
Feb 3, 2019 at 10:34 AM
Comment #11Frog has lost it he is getting his cut and his paste all muxed up
toon22
Feb 3, 2019 at 10:35 AM
Comment #12JIB 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
toon22
Feb 3, 2019 at 10:35 AM
Comment #13DaveD1000
Read those two comments
One says not to gloat while the other is gloating
The usual BS from the blogs resident PR
Hiya KBA
DaveD1000
Feb 3, 2019 at 10:37 AM
Comment #14yea yea if you say so
toon22
Feb 3, 2019 at 10:40 AM
Comment #15Mike Ashley faces fine for late filing of accounts
https://www.bbc.com/news/amp/business-47031665
Wonder whats in those accounts Mikey boy 😉
Jib
Feb 3, 2019 at 10:41 AM
Comment #16I’ve sussed it
toon22
Lindisfarne
c-dog
are all in the same class at school
DaveD1000
Feb 3, 2019 at 10:45 AM
Comment #17frog is ahead on kiddypoints
Jib
Feb 3, 2019 at 10:46 AM
Comment #18Mash 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
Lindisfarne
Feb 3, 2019 at 10:52 AM
Comment #19Jib
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.
Tenbytoon
Feb 3, 2019 at 11:21 AM
Comment #20What 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