Another one bites Ashleys’ dust

Words by Kevin Doocey on .

### Ashley - Deliberating whether to stay or to sell

It’s amazing the number of articles I’ve written and Mike Ashley has been the subject of, and quite frankly, annoying. The infamous ‘owner’ has today, if you are to believe the Chronicle, broken off talks with Geoff Sheard’s American based investment group. The news comes after Newcastle victory against Doncaster and we can’t say it’s a surprise really. Mike Ashley’s patience is meant to have reached it’s limit, (the irony) and he’s pulled out of negotiations with the much talked about consortium led by the questionable Geoff Sheard.

I’m not quite sure how many times talks have broken down with possible new owners. We’ve had Iranians, Irish, English, Nigerian, South African, American and even possible bidders from Singapore, but yet, still no sign of Mike Ashley packing his bags at Newcastle.

Again and again we talk about Mike Ashley’s attempts to sell the club but you have to really question where the team Mike Ashley put in place to sell the club, have gone. These guys on behalf of Seymour Pierce are being well paid no doubt, yet they’ve still failed to find a single buyer who can muster up £100m and a long term plan.

Then again, Newcastle United isn’t the most attractive prospect, especially for anyone into the financial side of things. This club is a mess and the amount of money that’s been spent, is quite ridiculous. I read yesterday that we don’t have any advertisers money to turn to, because Freddy Shepherd spent it on the signing of Michael Owen. It seemed like a smart move at the time but how we could do with now.

If I’m to be honest, I can’t see a new, Newcastle owner in the foreseeable future, unless Barry Moat can avoid Mike Ashley wrath and strike a deal?

Comments welcome 🙂

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Girly Mag: ⏱ 26/10/2009

Er, i don't think the club is any financial mess actually. Not compared to others that shall remain nameless, but we all know whom i'm referring to.

Girly Mag: ⏱ 26/10/2009

Er, i don't think the club is any financial mess actually. Not compared to others that shall remain nameless, but we all know whom i'm referring to.

marek: ⏱ 26/10/2009

NO one want to buy from cluless Ashley? he want to make money and nothing else matters. he will be well respected if he does sell the club at his price of £80m. (Moat has that amount on the table so I am told) So why wait, what is he waiting for. Just sell the club and move on PLEASE.

marek: ⏱ 26/10/2009

NO one want to buy from cluless Ashley? he want to make money and nothing else matters. he will be well respected if he does sell the club at his price of £80m. (Moat has that amount on the table so I am told) So why wait, what is he waiting for. Just sell the club and move on PLEASE.

chuck: ⏱ 26/10/2009

You make this sound as if it`s the equivalent of a house or car for sale here, I`m afraid it`s not quite that simple. We are talking about one hundred million (can you get your head around that amount)which is not exactly chump change. In the present economic conditions that amounts to a lotta dosh. Few if any investors from either UK/Europe or USA, would be willing to put that kind of money into such an investment, there are much better deals available. It appears our only hope would be from either the oil rich middle east or an Asian investor. Yes the club has a certain attraction, great fans (as far as attendance is concerned)state of the art stadium and certainly not the debt of a Man. U. or L/Pool. However neither do we have the earning potential of either club and being located almost three hundred miles from London is a negative, that and being a second tier team. It`s essential we make a return to the top level in order to be considered salable, therefoe it`s unlikely we will have new ownership prior to next summer. Something else to consider is the actual asking price, is it simply 100m. or are there hidden costs/debts, apparently most of us are in the dark and tend to make statements based solely on supposition. So far it appears most bidders, either could`nt come up with the money or wanted to do it with a certain amount of hard cash and the rest in loans, mostly shysters looking for a deal. Soh ! lets see what happens next summer.

chuck: ⏱ 26/10/2009

You make this sound as if it`s the equivalent of a house or car for sale here, I`m afraid it`s not quite that simple. We are talking about one hundred million (can you get your head around that amount)which is not exactly chump change. In the present economic conditions that amounts to a lotta dosh. Few if any investors from either UK/Europe or USA, would be willing to put that kind of money into such an investment, there are much better deals available. It appears our only hope would be from either the oil rich middle east or an Asian investor. Yes the club has a certain attraction, great fans (as far as attendance is concerned)state of the art stadium and certainly not the debt of a Man. U. or L/Pool. However neither do we have the earning potential of either club and being located almost three hundred miles from London is a negative, that and being a second tier team. It`s essential we make a return to the top level in order to be considered salable, therefoe it`s unlikely we will have new ownership prior to next summer. Something else to consider is the actual asking price, is it simply 100m. or are there hidden costs/debts, apparently most of us are in the dark and tend to make statements based solely on supposition. So far it appears most bidders, either could`nt come up with the money or wanted to do it with a certain amount of hard cash and the rest in loans, mostly shysters looking for a deal. Soh ! lets see what happens next summer.