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These Groups Simply Don’t Have The Money To Buy Newcastle


There has been news over the last few days that Newcastle United owner Mike Ashley has met in London with would-be Mexican investors.

Reports of the meeting were that the investors got short shrift from Ashley probably becasue what they were offering was nowhere near what the owner values the club at – £350M.

We had reported on Monday that The Athletic’s David Ornstein reported Ashley met with a pair of unnamed Mexican businessmen.

It was to do with a takeover, but it seems the amount they were willing to offer was far too low – and some reports said that Ashley was angered at the meeting.

Mexican-based Orlegi Sports were interested in buying Newcastle in the summer, and their 48-year-old President Alejandro Irarragorri was interested in buying a club in Europe.

48-year-old Mexican Businessman Alejandro Irarragorri

He said they were close to buying a club – thought to be Newcastle – but they couldn’t come close to the price.

If the meeting was with Alejandro Irarragorri, then they just don’t have the money to buy the club, so we shouldn’t get our hopes up.

And it seems like, once again, the latest Peter Kenyon led group, with Florida based GACP Capital providing the capital, don’t have the money requested by Ashley to buy Newcastle.

We’ve seen that scenario too many times over the last couple of years.

So those two groups will not be buying Newcastle anytime soon.

We have to hope some ambitious group comes in and announces the deal when all the papers have been submitted to the Premier League for approval.

That’s the only way Newcastle will be sold, and Ashley may also have to lower his price to make that happen.

It’s not a particularly favorable position for the famous Newcastle United club to be in at the moment.

But (I’m told) things can and often do get better.

So there’s still some hope.

That’s true, isn’t it?

Comments welcome.


10 comments so far

  • Bills Son Is Back

    Oct 23, 2019 at 3:09 PM

    Comment #1

    NONE of the interested groups so far have had the money to buy.

    That’s THE reason why we are still owned by MA,

    Simple as.

    1
  • IrishRob

    Oct 23, 2019 at 3:13 PM

    Comment #2

    Swear I knew it was an Ed article by the title again. Hope you’re well Ed!

    4
  • Jail for Ashley

    Oct 23, 2019 at 3:13 PM

    Comment #3

    Should our portly owner unexpectedly meet his maker, gawd forbid 🙄
    Do you think he’s left instructions to prolong our misery for ever.

    4
  • Jail for Ashley

    Oct 23, 2019 at 3:14 PM

    Comment #4

    Bills Son Is Back,
    And you know this because…..

    5
  • toon22

    Oct 23, 2019 at 3:25 PM

    Comment #5

    The Mansours didn’t have the money to buy us

    The problem is with the seller

    12
  • toon22

    Oct 23, 2019 at 3:26 PM

    Comment #6

    Bills

    Yeh right

    Hahahahaha

    7
  • RobLeenio

    Oct 23, 2019 at 3:45 PM

    Comment #7

    Jeez, Bill’s son doesn’t half talk a load of shoite!

    The Mansours didn’t have enough money to buy us?

    Pfffffffffttttttt!

    13
  • lesh

    Oct 23, 2019 at 3:54 PM

    Comment #8

    Hibbit

    Referencing your earlier posted link to the piece about Ashlie having a dig at Goal’s board……..

    ‘[Ashkey] the’retail tycoon said Goals and its board “did not truly engage” with the offer process, describing their co-operation as “limited and fitful”.

    Now that is priceless coming from he who’s happy to go through the motions of selling and failing to do so

    9
  • giimps

    Oct 23, 2019 at 9:30 PM

    Comment #9

    The trouble is, nobody knows how much the slug wants for the whole kit and kaboodle, he moves the goalposts on everybody, someone offers an amount, he wants more, somebody offers more, that don’t include the advertising, somebody pays more to include the advertising rights, he wants more for the club image rights…………..then, he goes in to buy players and puts in a derogatory lowball offer, then when the selling club says no……its we couldn’t get him over the line, if by some miracle, the selling club agrees after months of bickering and haggling, its we couldn’t agree terms with the player as he was wanting paid………you couldn’t make it up

    2
  • Munster Mag

    Oct 23, 2019 at 11:49 PM

    Comment #10

    The mansours did, but the evidence of their bid isnt as strong as more recent bids. Beyond that, Billson is correct. Nodody had said ” we have offered 350 mill but ashley has turned us down” probably because nobody has.

    1

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