Mike Ashley has confirmed that Newcastle United is up for sale.

Monday afternoon has seen a statement released in the name of St. James Holdings, which is the financial vehicle Ashley used to buy the club.

Newcastle United publishing the statement, which says ‘A process will now commence of identifying new ownership for the club that will be capable of delivering the sustained investment in and dedication to the club that is necessary for it to achieve its ambitions’.

The announcement also states that Mike Ashley is prepared to defer ‘substantial payments’ to help ‘interested parties’ to complete a deal.

At face value this does seem a positive mood, as the vast majority of fans look to see Ashley and NUFC part company.

However, there will still be plenty of scepticism with many false claims of potential sales of the club over the past 10 years.

Two points maybe of special interest:

Firstly, how much Mike Ashley will expect a buyer to pay. If he is asking for far more than the market worth, then it can’t be taken as a serious move to try and sell.

Secondly, most supporters would expect that any new owner would have the necessary funds to buy the club up front, rather than in instalments (deferred substantial payments). As the club would need substantial investment over and above any asking price, if Newcastle United is to take a substantial leap forward.

If the possibility of paying in instalments would simply be a way of getting a quick sale then fine, just so long as it wouldn’t mean any new owner(s) couldn’t afford to invest on and off the pitch at NUFC.

Statement from St. James Holdings Limited:

‘As a result of increasing press speculation regarding the future of Newcastle United, the owner of the club, St. James Holdings Limited, wishes to clarify its intentions.

As one of the Premier League’s oldest and best supported football clubs – and for the benefit of its many fans and supporters in the UK and across the world – Newcastle United requires a clear direction and a path to a bright and successful future.

To give the club the best possible opportunity of securing the positioning and investment necessary to take it to the next level, at what is an important time in its history, its present ownership has determined that it is in the best interests of Newcastle United and its fans for the club to be put up for sale.

To give an incoming owner the maximum possible flexibility to make meaningful investment in the club, including in its playing squad, the sale process will give interested parties the opportunity of deferring substantial payments.

A process will now commence of identifying new ownership for the club that will be capable of delivering the sustained investment in and dedication to the club that is necessary for it to achieve its ambitions.’

  • Stephen Paylor

    for sale with owner financing, wish i had the money

  • Paul Patterson

    Well here’s to a quick sale (raises a glass) Cheers!

    • Peaky Magpie


  • mactoon

    Good news but “the sale process will give interested parties the opportunity of deferring substantial payments” I hope that doesn’t mean he will defer payment of the interest free loan and use it to secure free advertising for SD going forward.

    • Wor Lass

      My thought as well.

  • Peaky Magpie

    It’s got to happen ASAP,Rafa needs funds in January.

    • Biggs

      I don’t think he wants to sell. I reckon this is being done now to give the excuse not to spend in January

      The price will be ridiculous

      • Peaky Magpie

        After reading between the lines of the lawyer’s interview you could well be right.Hope not but as they say they giveth then taketh away.

  • Chris J

    Got to be something in the pipeline! I smell Chinese takeaway. 32 b worth

  • Peaky Magpie

    Ryder is going to have kittens before the night’s out with lists of speculations galore !!!

  • steve pearce

    This seems like a panic sale. Don’t for one minute believe the statement that the sale is in the best interests of the fans – it is in the best interest of one person only. As I have said on many occasions the owner is now seeking to move his business interests in a more up market direction – inverted snob that he is – and the sale of our club will finance that. A nice big fat deal must have come his way and that explains the official statement and Amanda Staveley’s presence at the Stoke and Liverpool games. I think that this is a done deal now and that’s why he’s released this statement. An early Christmas present perhaps and the best news of the year!

    • Wor Lass

      “the owner” – did you mean to say the “steaming sack of southern pus”?

    • paul mclaughlan

      Didn’t he get Nigel Cabourn to do a design for one of his SD brands? What was Cabourn thinking?

    • Whitehurst

      Not necessarily mate. You’ve got to ask the reasoning behind releasing a public statement stating his intention to sell up….and not just waiting until a deal goes through? Hope you’re right tho!!

    • Gary Linney

      Jingle Bells, Fatman sells, Rafa’s goin’ to stay!!!

    • nufcslf

      Either something bigger and better or he like many of us already wondered, there simply nothing for him to carry on for. He obviously doesn’t have any interest in football, the results and least of all the fans, so get out and let someone else have a go. Good night and good riddance comes to mind.

    • FatParosite

      Has anyone considered that this might just be a way of not spending in January whilst saving face? Ashley has his cake and is eating it too. Ashley’s holdings means that any buy out has the ransom of the loan on top of the over inflated asking price. This will deter many suitors. As will the overhaul necessary to make NUFC a going concern again. Globally NUFC is not anywhere near as sellable as it was 10 years ago & restarting that engine would be massively difficult without any on field success. Bouncing up and down from the Championship has also diluted the brand.
      Ashley lost the PR war with Rafa in August & he knows very well that Rafa will be asking far too much to stay in charge of a club he only wants to keep in a coma. For sale signs going up are a way of not being asked for investment. Cut throat property owners up and down the country know this only too well.

      • MadMag83

        Good point. He may turn around in January and say he isn’t spending any money while the club is up for sale.

  • Steven05

    This feels weird. Can this really be that time we have prayed for for so long??

    • Damon Horner

      wait and see… We’ve been here before. We need to have a capable buyer who will strike a deal that suits Ashley.

      • Peaky Magpie

        Yes,until it’s actually happened we need to stay grounded or he’ll have a field day if he stays on.

      • Steven05

        The huge new transfer fees might be a thought in his mind with January not far away. But yeah, we don’t know so all we can do is hope (but at least we do have hope again – thanks to Rafa)

  • MichaelMaximusMoose

    first off nobody will pay £380m for the cloob, 2nd if a buyer has to purchase on the drip there`ll be no money for players so no change.

  • Mike

    woooooooooooooooooooo bring it on

  • Dave Knight

    Didn’t I seem to remember him saying a few years ago that he would only ever sell Newcastle once he’d won a trophy? Not sure if the Championship is supposed to count…

    • TheNutJob

      You didn`t believe him did you

      • Guest 2

        I still don’t! “sustained investment in and dedication to the club that is necessary for it to achieve its ambitions.’ Yeah right – like he gives a chuff about us.

      • Dave Knight

        Believe Mike Ashley? That’s a good one :)

    • Peaky Magpie

      He’s the world champion Greggs pie & pasty eater so surely he’s got a trophy for that ?

  • Lord

    20 pts and a new owner by Xmas would be a pretty good Christmas present.

    • HarryHype59

      Bearing in mind we have been relegated again since 2009, the £380m price tag is absurd!

    • Rich Lawson

      Keith Harris ? Does that mean we’re already Orville Ducked ?

  • Guest 2

    The obvious worrying part of this is we all know fine well he couldn’t give a stuff about us or the club.

    His concern is getting his money back + profit. Nowt else. Selling on the ‘drip’ I doubt is going to be good for us.

    • TheNutJob

      i doubt it as well

  • Damon Horner

    Sadly I feel we will only ever attract club owners who want to use as a means of making themselves money, don’t be surprised if “substantial investment” for “substantial gains” doesn’t happen. No matter what happens though, the majority of us will welcome the sale. Fingers crossed he doesn’t sell us to his poorer indian counterpart.

  • toonterrier

    Deferred payments?. Does that mean he will only sell 49% of the club to start with and then keep hold of the major shareholding so he can still put his junk adverts in the grounds. Don’t trust the bloke and hopefully I’m wrong but its a case of wait and see.

    • Guest 2

      Nah, I take it as meaning he wants a lumper – and will take the rest on chuckie – thereby encouraging exactly the type of buyer who is likely not capable of ‘sustained investment’ as his statement suggests he wants.

  • Peaky Magpie

    At least Penfold will have time to drop his CV into Fenwicks for a temporary Christmas job unless Roger de Courcey is looking for a new puppet.

    • Leicester Mag

      Well he’s been Rogered by Ashley for years

      • Peaky Magpie


    • Rich Lawson

      Will he be able to stay that long in the window with out moving ? Carr could be there to if they are doin’ 7 dwarves this season ?

  • Leicester Mag

    I hope this is the end but this could and should have been different. mike you could have been a hero instead your sneering arrogance and hubris leaves a sadly empty legacy. You won’t be missed but you should have been.

    • Steven05

      Totally correct. He could have played it all so different and became a hero – and actually made more money

  • Gary Linney

    Jingle Bells, Fatman sells, Rafa’s goin’ to stay!… HTL IRWT!!!

  • HarryHype59

    As much as I want to see new owners, I don’t want to see a leveraged buy out! The longer holds out for an inflated price, the more likely this is to happen!

    Fatty should sell for around £250m as;
    a) He gets his money back
    b) We are no longer an established EPL side but a newly promoted one
    c) The club has been relegated twice under his regime losing us at least £100m!
    d) He has devalued the brand value and commercial income.
    e) Future profits are dependent on staying in the EPL! This requires substantial investment to ensure we maintain EPL status!
    f: He has benefited from ten years of free advertising!

    • Oooh bobbi fleckman

      I think the opposite re. leveraged buyouts, giving it away will attract chancers.

      At £250 for the shares, effectively he’s £6m short of the £400m he wants all in.

      My take is this is to flush out buyers and creating a dutch auction. He wants to maximise what he gets and that is absolutely fine, when yo sell a house you clean the kitchen, sell a car, you give it a wax.

      The installments idea is a worry, that suggests there is a buyer who simply doesn’t have the money. THAT will create a leveraged buyout.

      The reality is the club can be anything a new owner wants. It may not be the cheapest but has excellent finances and potential to grow. It has a good squad with a respected manager and some good players, it’s in a position where you can just add the right stardust to compete. At £400m the asset-strippers will be priced out but with TV deals in place, serious investors will fancy it.

      • HarryHype59

        The higher the price , the less there will be for much needed new players in the next window. Also the higher the price the greater the likelihood of a leveraged buyout which we both agree isn’t good for the club.

        • Oooh bobbi fleckman

          There is some logic in that, I’ve said before that Ashley should have waited to buy NUFC and the £131m he paid for the shares could have bought a team but it doesn’t seem to work like that.

          It’s illogical but there does seem to be a correlation with how much a buyer pays for the club and how much they then make available for transfers.

      • Geordiegiants

        The only reason he is giving deferred payments is to keep his stinking jumble sale advertising in our stadium. He will also keep the deal with NUFC direct. He is going to royaly fock is over, as usual.

        • Oooh bobbi fleckman

          No, the worry is that he’s allowing staged payments because the buyer can’t afford to buy the club, in that case there will be no new money.

  • Monkseaton Magpies

    Yes correct the club is up for sale on tick as no one wants to buy us. The new owner will double admission prices and will have enough money to buy a left back that’s
    if we can find one in a couple of years you will find out that Mike who has spent fifty million in this transfer window a club record is not that bad after all.

    • GToon

      Are you joking?

      • FatParosite

        Bored pensioner shooting in the dark again….

    • Geordiegiants

      Are you for real?

  • Alreet

    Bottom line is the football game is over his head as an owner. Others love the game and know at least a bit about it or at least bring in advisors who do. Namely abramovich mansour and fenway group.

    If this is all above board and he sells his full shares before xmas then i just hope we get a serious player who wants to see us go fo it all again. FA cup. Champs league every year. The lot.

    We can get back we just need proper football guys to do it.

    Ur taxi for london is booked for boxing day ash. Dont make him wait

    • Oldgeordie

      Not desperate for glory, just someone who returns the club to a football establishment. Saw the glory days in the 50s When Wembley was our last home game of the season and they were fabulous times and I know it would be great for a return of them but just being a football club again would be even better.

  • Hughie

    Coincides with HMRC continuing investigation into alleged dodgy transfers….are the rats deserting the ship– why the sudden rush? As expected Ashley’s last TV interview was economical with the truth– he will have known then that he had no intention of staying, rather than stating that he was reluctantly in it for the long run. The club has apparently been up for sale for some time if media reports contain any truth, so this is not new news. I just hope that the club’s finances are in order and fully audited–unlike the previous regimes’ apparent black hole. I also pray that any sale is to a party, unlike Ashley, who comprehends that this is a club with the potential of Liverpool, and balances investment accordingly, rather than simply prioritising their business interests, and using the club as a cash cow and advertising platform. Unfortunately that is what most PL club owners have done, he has just done it more blatantly, and this has certainly been the case with NUFC owners for time immemorial. So don’t be naiive folks, and don’t bank on some knight on a white charger turning up with no ulterior motive………….

  • Dublintoon

    What happens if some “installments” are missed? Possibly the asset reverts back to the original owner who has trousered the 9 figure deposit. This could be his best stroke yet if he finds the right patsy buyer. This is surely the only reason he would be publicizing hpi. Because its actually a must have in his bigger picture

  • Geordiegiants

    Even if someone bought our club that couldn’t afford it, they would be able to use ALL of the money we bring in, not give it away through agents and dodgy tax deals, and through the club shop etc. Look at the Glazers at Manure, they chuckied the club for £450m, everyone was going mental. Now it’s 4/5 players.