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Mike Ashley to resign from Newcastle United board – Reports

7 years ago

Mike Ashley is set to resign from the Newcastle United board according to reports this morning.

The club owner formally joined the NUFC board only in April 2014, the news revealed in the same announcement that saw Lee Charnley move up from club secretary to Managing Director.

The story has been brokem by The Mirror who also claim that Ashley stepping down from the board will also see two other directors appointed.

There is no suggestion that this is part of some bigger deal where Mike Ashley will sell the club, I can only guess it is being done for strategic reasons only known to the owner and his close minions.

Just as was the case when Ashley joined the board last year, this is part of what I wrote on 7 April 2014:

‘The club have announced today that Mike Ashley has now joined the Newcastle United board of directors.

The club statement had the headline news of Lee Charnley being confirmed as Managing Director but I’m guessing that the real story is Ashley putting himself on the board.

There must be strategic reasons for the owner doing this and no doubt we will discover why in the fullness of time.’

Changes were due anyway with the Newcastle United board, as Finance Director John Irving has left for a post at Newcastle Airport. The board having comprised of Charnley, Ashley and Irving.

A minimum of two directors are needed by law and so if Mike Ashley is indeed leaving (the board) as well as Iriving, then at least one new director would have been needed anyway.

Returning to a story we covered not so long ago, I still can’t help but wonder that now Derek Llambias and Barry Leach (former Finance Director at both Rangers and Sports Direct) are formally detached from Rangers, whether we are going to see Mike Ashley bring in his two loyal henchmen to shake the club up and iron out certain things he isn’t happy about.

Whether they would be in in line with what supporters would like to see, might be quite another matter.


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