Freddy Shepherd on Mike Ashley ‘He is in it to make money’
Freddy Shepherd has declared that Mike Ashley is involved with Newcastle United simply to make money out of the club.
Not many of us would disagree with that after the last seven and a half years but for this particular United Chairman to be saying this, will stick in the throat of many supporters.
“He is a businessman, end of story.
“He is in it to make money and that is the bottom line.”
Good luck to Ashley;
“Good luck to him, it just happens to be football and everybody’s sentiments are hooked up to it.
“It is a different animal to any other business.”
When it comes to making money out of Newcastle United, Mike Ashley will only look in admiration at how much Sir John Hall and Freddy Shepherd managed to make from our club, particularly when you take into account this was pre-mega TV deals.
The Hall family made £95,748,570 in total from Newcastle United via selling their shares and from salaries and dividends, while the Shepherds made £50,099,604 overall, the final totals becoming public after Mike Ashley bought their shares. A total of £146m made from the football club that they profess to love.
No doubt our current owner will be determined to beat the previous owners when it comes to profiting from Newcastle United and its supporters, with profits of around £50m for the 2013/14 season expected to be announced in the next few weeks.
As they say though, nobody makes money from owning football clubs….
If you would like to feature on The Mag, submit your article to [email protected]