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Mike Ashley dramatically drops asking price for Newcastle United hoping for quick sale – Report

5 months ago
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A news story breaking on Tuesday morning reports that Mike Ashley has slashed the price he is demanding for Newcastle United, in order to sell the club sooner rather than later.

It will take a lot to persuade the many sceptical Newcastle fans, including me, that Ashley has any interest whatsoever in selling the club, but as always, I hope one of these exclusives proves me wrong.

The Shields Gazette say/claim that their information is that Mike Ashley is now willing to take around £300m for Newcastle United, this is some £100m lower than the £400m that was widely reported as the asking price previously.

The newspaper doesn’t give any details as to their source for this story and as always, anybody can write anything about Mike Ashley selling/not selling NUFC and no way of proving the truth,, or otherwise, of it.

Looking for positives that could in theory back up this story, the start to the season could just maybe have convinced Ashley that this is going to be an even tougher task of surviving this time, compared to last year.

Whilst Newcastle have played four of last season’s top six, there are more tough games coming up, with no guarantee of climbing out of the relegation zone any time soon.

Whatever the truth or not about the Amanda Staveley led bid and other claimed ones, it is obvious to anyone that once you are in the middle of a football season and things are going badly on the pitch, an increased possibility of relegation has to bring the value of any football club down.

With Newcastle one of only two clubs to make a profit in the summer window, whilst every one of Newcastle’s rivals tried their best to strengthen, even Mike Ashley must realise that this season is in the balance, as Rafa Benitez can only do so much with the tools he has to work with.

Shields Gazette:

‘Mike Ashley is prepared to lower his asking price for Newcastle United – as fans step up their protests against him.

Ashley put the club up for sale 11 months ago as the team battled to stay in the Premier League.

The billionaire – who is focused on his Sports Direct empire – had indicated that he was looking for upwards of £380million.

However, the Gazette understands that Ashley is ready to revise his expectations and consider bids closer to £300million.

Ashley broke off takeover talks with financier Amanda Staveley in January.

Staveley’s PCP Capital Partners had lodged an offer of £250million, which was rejected by Ashley.

An associate of Ashley labelled talks with Staveley as a “complete waste of time”.

Ashley has had no success in finding an alternative buyer up to now.’

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