Changes to Newcastle United constitution prove false dawn for fans hoping Mike Ashley is leaving
Hopes were raised of positive news on Mike Ashley selling Newcastle on Friday.
Companies House gave notice (as they always do) that Newcastle United had lodged documents relating to changes to the club constitution and issues around shareholder/voting rights.
Newcastle fans hoping that once the documents became available to be viewed, they would give clues/signs towards preparing the club to be sold.
Tuesday morning has seen the documents become available to be read and Kieran Maguire has commented on what they show.
A lecturer in football finance at the University of Liverpool, Kieran Maguire regularly comments on the financial affairs of Premier League clubs, none more so than Newcastle United.
It was he who flagged up the Companies House notification on Friday, commenting:
“Newcastle United make changes to club constitution and by the looks of it shareholder/voting rights.
“Documents not fully available yet but will be interesting to see what MA is up to at Newcastle United.”
His Tuesday morning update after reading the documents:
“Disappointing news for Newcastle fans as changes to club constitution merely was to reduce minimum number of directors from 3 to 1.
“Probably discovered during due diligence by an interested party a few months ago as change dated Aug 18.”
Despite Newcastle fans and anybody else who takes a minute bit of notice knowing that there is no such thing, the newspapers repeatedly refer to decisions made by the NUFC board, or how the board will react to whatever, and so on.
Lee Charnley is the only named person in a management role at the club and the only named Newcastle United Director, there is no board. Whilst the media refer to a ‘board’ constantly, even they at the same time also repeatedly point to the reality that Mike Ashley has installed his close associate Justin Barnes over and above Lee Charnley as his main man at the club, even though he has no stated public role.
Whilst we all hope/dream of Mike Ashley selling up, the Companies House update has just been an example of the sloppy (as well as without any ambition) nature in which the club is ran.
It was actually 17 months ago when Newcastle United dropped below the three director level, Graham Carr leaving on 25 July 2017 as a director, as well as his role as chief of recruitment.
Then it dropped down to only the one named director on 5 March 2018, when Bobby Moncur resigned.
Newcastle United only now belatedly changing their club constitution to catch up with the changes they themselves had made.
When talking earlier this year, when there was talk of Liverpool potentially being sold, about the kind of character who a supporter most definitely wouldn’t want buying their club, Brighton fan Kieran Maguire came out with this classic: ‘If Mike Ashley, for example, offered £2bn for the club I supported, I’d be soiling myself.’
As Newcastle fans we know that feeling all too well and have had it for over over a decade!
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