Are NUST wasting their time with NUFC?

Words by Kevin Doocey on .

###NUST - Are they wasting their time with plan to buy Newcastle United FC?

NUST were big news last year when Mike Ashley was desperate to sell Newcastle United. They were on Sky Sports boasting plans of owning the club or indeed I should say, the fans owning the club in a similar style to Barcelona. However, they never made the offer if reports are to be correct and they never managed to get hold of the North-East club. Saying that, they’re still plugging away and are hopeful of a possible buy-out. A lot of people cannot see this happening and I am one of them, however it does sound great in theory.

With Newcastle United top of the table looking set for an immediate Premier League return we’ll will see a lot more money involved in the season long campaign. With a generally happy morale in the club, a safe manager and as always the great fans that fill St.James’ Park, you can’t see Mike Ashley selling too quickly.

As a businessman he looks for profit, for exposure and indeed for new ventures that could yield a bucket of money. I think it’s fair to say that he won’t be loading himself or hasn’t at least, with money at Newcastle United.

It’s very hard to make a considerable amount of money from a football club unless you’re Manchester United which is basically a license to print money, although their huge debt would suggest otherwise.

Fans owning the club sounds great but where the finances will come from is a totally different question. That said, NUST are still looking to get hold of their beloved club and implement their plans. With Newcastle United valued at £100m in the Coca Cola Championship, their value will surely double when they hit the Premier League. If NUST couldn’t afford £100m, where on earth will they muster up a substantial amount more than this?

Comments welcome 🙂

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Spotlight Kid: ⏱ 02/04/2010

In the world of big bucks, unlike the movies, it is the bungling amateur that will do the most damage. NUSTneed to go away & practice playing team owners with a smaller club first, as their failure would be too big a price to pay for the city (let alone their gullible investors).

Spotlight Kid: ⏱ 02/04/2010

In the world of big bucks, unlike the movies, it is the bungling amateur that will do the most damage. NUSTneed to go away & practice playing team owners with a smaller club first, as their failure would be too big a price to pay for the city (let alone their gullible investors).

Bill: ⏱ 03/04/2010

Spotlight Kid...what's the difference between you and Ashley? Maybe two..he's got lots of money and you know more about NUFC than he does. Why not put that knowledge to use? If you had the money, would you take the responsibility? If you would then join NUST and do what you can now. Fan ownership is coming to some club soon...we should do it here - where we have the best club, the best city and the best fans. If we don't own the lot then we have a duty to tell the other shareholders how the club could maximise community cohesion and economic development by better communication. Telling us all that we have to depend upon the decisions of the likes of McKeag, Westwood, Hall, Shepherd and Ashley and whoever "buys" us in future is a gamble we don't have to take. I trust you and I trust our fans...why don't you believe in yourself? Bill

Bill: ⏱ 03/04/2010

Spotlight Kid...what's the difference between you and Ashley? Maybe two..he's got lots of money and you know more about NUFC than he does. Why not put that knowledge to use? If you had the money, would you take the responsibility? If you would then join NUST and do what you can now. Fan ownership is coming to some club soon...we should do it here - where we have the best club, the best city and the best fans. If we don't own the lot then we have a duty to tell the other shareholders how the club could maximise community cohesion and economic development by better communication. Telling us all that we have to depend upon the decisions of the likes of McKeag, Westwood, Hall, Shepherd and Ashley and whoever "buys" us in future is a gamble we don't have to take. I trust you and I trust our fans...why don't you believe in yourself? Bill

Neil: ⏱ 07/04/2010

The fact that there are only 3 replies to this thread, I think, says it all! There simply isn't enough interest in an NUST takeover. And Doocey is right - if the funds couldn't be raised last summer when the club was available for £80-100m, there is no chance of this happening now that we've won promotion. But it was a nice idea, and I applaud the people at NUST for actually trying to do something about a bad situation rather than just sitting on their back-sides complaining about it like the rest of us (me included).

Neil: ⏱ 07/04/2010

The fact that there are only 3 replies to this thread, I think, says it all! There simply isn't enough interest in an NUST takeover. And Doocey is right - if the funds couldn't be raised last summer when the club was available for £80-100m, there is no chance of this happening now that we've won promotion. But it was a nice idea, and I applaud the people at NUST for actually trying to do something about a bad situation rather than just sitting on their back-sides complaining about it like the rest of us (me included).