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Taking £200m up front and rest in instalments to leave Mike Ashley hooks in Newcastle United for years to come?

3 years ago

Once again Mike Ashley and Newcastle United takeover talk has made the headines.

With our cloven hoofed friend reported to be wanting to involve messrs Kenyon and co. in a £200m up front gamble (see below), with the sale balance of around £100m being paid as part of certain other items “unlikely to cause difficulties”.

It is surely obvious that he aims to leave his hooks in the NUFC carcass indefinitely! e.g advertising rights and extended property rights.

As well as other valuable perks: such as broadcasting income and other revenues easily diverted; all covered by the generous offer of delayed payments…

So £200m interest free, up front, would be a big stick “incentive” to complete, on Mike Ashley’s terms?

If advertising is now to have a value, the past years should be discounted too….as part of the Mike Ashley sale figure calculation.

Of course, as anticipated, there never was any real intention to sell!

Would it not be best to be relegated?

Leaving Newcastle United to germinate under another owner, with luck, in a few years ?

The Mag – Tuesday 15 January 2019 – Extract from an article/report:

‘It is Michael Walker writing for I News who has brought this latest report/update and having covered Newcastle United for a lot of years, he isn’t one who makes a habit of invented speculation for attention.

Walker says that his information is that Mike Ashley wants to see proof of £200m before he enters into ‘full takeover talks’ with a potential investor(s).

The report saying that from that starting point, Ashley would then be looking to nail down add-ons which would take the final figure ‘close to £300m’, around about his valuation.

Peter Kenyon is of course the (only?) potential bidder being talked about and is trying to reach that £200m mark according to the I News report.

However, Mike Ashley is still not convinced Peter Kenyon’s consortium are able to show they are at that level yet.’


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