Mike Ashley takes Newcastle off the market

Words by Kevin Doocey on .

### Ashley - Going to put another £20m into the club quickly

The worst news possible has come today with owner Mike Ashley confirming he has taken the club off the market and has appointed Chris Hughton as permanent manager on an 18-month contract. This isn’t surprising news but devastating all the same. To cap it all, Ashley claims to invest £20m immediately and bring the club forward. Not the first time we’ve heard this and it’s sure to cause uproar amongst the Toon faithful.

It said :

‘We are delighted that Chris has accepted the post of full time manager. He has done a terrific job this season and we wish him every success for the rest of this season and beyond. He will continue to receive our full backing and support.’

And Chris Hughton added:

‘It is a very proud day for me to be named as the manager of this magnificent football club. I thank Mike and Derek for their support and will be doing everything in my power to get the Club back into the Premier League at the first time of asking.

‘Having the unequivocal backing of the players has helped me enormously and I would also like to thank Colin Calderwood, Paul Barron and the rest of the backroom staff who have never been anything but tremendously supportive to me this season.’

And then :

In confirming the news, Mike Ashley stated that he is totally committed to the future success of Newcastle United and will be focussing on gaining promotion back to the Premier League. Mike will put a further £20m into the Club this week.

Whilst confirming these two matters, Newcastle United now aims to move forward on and off the pitch. The Club aims to maximise its commercial revenues; this includes renegotiating its Club sponsor and kit deal, which expire at the end of this season, as well as welcoming offers for the stadium naming rights for next season.

This is what we’ve been fed already and it’s not going work again. Where next for NUFC?

More to follow..

Comments welcome 🙂

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Comments:

dipesh: ⏱ 27/10/2009

cant believe it, i know it will bring stability to the club but whats the point of a guy who doesnt want to be there and nobody wants there either. He's obviously going to strip the club of more assets further into the season and as for pumping in £20mill- i cant see that happening. dont see where we go from here to be honest.

dipesh: ⏱ 27/10/2009

cant believe it, i know it will bring stability to the club but whats the point of a guy who doesnt want to be there and nobody wants there either. He's obviously going to strip the club of more assets further into the season and as for pumping in £20mill- i cant see that happening. dont see where we go from here to be honest.

GeordieFootSoldier: ⏱ 27/10/2009

DEEP SIGH!!!!!!!

GeordieFootSoldier: ⏱ 27/10/2009

DEEP SIGH!!!!!!!

Doocey: ⏱ 27/10/2009

If that's not enough, he said he's open to offers to rename the stadium! Can you believe the cheek of this man!

Doocey: ⏱ 27/10/2009

If that's not enough, he said he's open to offers to rename the stadium! Can you believe the cheek of this man!

Daverism: ⏱ 27/10/2009

We haven't got much choice on where we go from here, we have to just cross our fingers and support the team, basically exactly the same as we would have done if someone unknown took over.... Remember we were all so excited when Ashley bought us and look where we ended up!

Daverism: ⏱ 27/10/2009

We haven't got much choice on where we go from here, we have to just cross our fingers and support the team, basically exactly the same as we would have done if someone unknown took over.... Remember we were all so excited when Ashley bought us and look where we ended up!

toonarmy: ⏱ 27/10/2009

Our poor stadium will probably be called the "sports direct chav clothing stadium" or he could always call it "the moat" Does anyone know a good sniper??

toonarmy: ⏱ 27/10/2009

Our poor stadium will probably be called the "sports direct chav clothing stadium" or he could always call it "the moat" Does anyone know a good sniper??

Harry Graham: ⏱ 27/10/2009

IF ITS TRUE - then thats my love affair with the TOON well and truly over. I'd support them in the Conference league if necessary but renaged on my 3 year season ticket in Jan and swore that I will not go to SJP or give that so and so another penny. Have supported for last 50 years-Goodbye.

Harry Graham: ⏱ 27/10/2009

IF ITS TRUE - then thats my love affair with the TOON well and truly over. I'd support them in the Conference league if necessary but renaged on my 3 year season ticket in Jan and swore that I will not go to SJP or give that so and so another penny. Have supported for last 50 years-Goodbye.

Easyjet Park: ⏱ 27/10/2009

Read the article on the NUFC website - hidden in there is this gem! "The Club aims to maximise its commercial revenues; this includes renegotiating its Club sponsor and kit deal, which expire at the end of this season, as well as welcoming offers for the stadium naming rights for next season." He plans to change the name of St James Park - now that is shameful

Easyjet Park: ⏱ 27/10/2009

Read the article on the NUFC website - hidden in there is this gem! "The Club aims to maximise its commercial revenues; this includes renegotiating its Club sponsor and kit deal, which expire at the end of this season, as well as welcoming offers for the stadium naming rights for next season." He plans to change the name of St James Park - now that is shameful

Doocey: ⏱ 27/10/2009

I just can't believe Mike Ashley cheek. Like he wants to wind us up.

Doocey: ⏱ 27/10/2009

I just can't believe Mike Ashley cheek. Like he wants to wind us up.

Robbanufc: ⏱ 27/10/2009

I'm so sick and tired of Mike No Cashley! He's running us into the ground, that fat spurs twat!

Robbanufc: ⏱ 27/10/2009

I'm so sick and tired of Mike No Cashley! He's running us into the ground, that fat spurs twat!

Monument Mal: ⏱ 27/10/2009

Renaming St James' Parkis the ultimate insult to Newcastle United and the club's fabulous supporters. This man just doesn't have a clue. I really fear for our future.

Monument Mal: ⏱ 27/10/2009

Renaming St James' Parkis the ultimate insult to Newcastle United and the club's fabulous supporters. This man just doesn't have a clue. I really fear for our future.

Dean: ⏱ 28/10/2009

I have felt empty ever since everything kicked off now I just feel like the club has been taken away from me.. it's all in his hands, with the FA saying that they would be interested in investigating new owners of football clubs then they should investigate Ashley because he doesn't know how to run one. I have no clue what planet this man/mouse thinks he's on, there's no way I will ever lose my interest in supporting the team, but I just find it hard to fund a loser. I've stopped going to Sports Soccer, sports direct and any other business of his since his problems began.. no interest in this joke, I don't think there's anything he can do to reverse things.

Dean: ⏱ 28/10/2009

I have felt empty ever since everything kicked off now I just feel like the club has been taken away from me.. it's all in his hands, with the FA saying that they would be interested in investigating new owners of football clubs then they should investigate Ashley because he doesn't know how to run one. I have no clue what planet this man/mouse thinks he's on, there's no way I will ever lose my interest in supporting the team, but I just find it hard to fund a loser. I've stopped going to Sports Soccer, sports direct and any other business of his since his problems began.. no interest in this joke, I don't think there's anything he can do to reverse things.

Marty-Toon: ⏱ 28/10/2009

Very very sad indeed..... It wont help if he begins to throw money at it,he is still clueless and it would be a waste of money. Until we get a decent football chairman and a top manager (chris has done well but doesn`t have an eye for buyin players) who can bring in good players we are doomed with this guy

Marty-Toon: ⏱ 28/10/2009

Very very sad indeed..... It wont help if he begins to throw money at it,he is still clueless and it would be a waste of money. Until we get a decent football chairman and a top manager (chris has done well but doesn`t have an eye for buyin players) who can bring in good players we are doomed with this guy