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Opinion

Mike Ashley on selling Newcastle United “By the time the media find out it’s already complete”

1 year ago
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We are told Mike Ashley has received an offer to buy/sell Newcastle United.

Thursday night seeing breaking news of a claimed £300m offer led by Peter Kenyon.

The initial report from The Mail saying Mike Ashley has said he will decide whether to accept the offer by 6 October 2019 at the very latest.

This latest claimed offer involves money being raised from smaller investors by a hedge fund/investment management group.

A later report saying that they have only raised £80m of the £3oom from investors, with the other £220m having to come from bank loans.

Those figures don’t include an extra £50m which is reportedly going to be needed to be put in to help with initial operational costs of helping the club to make the transition and ensure it moves to a better and more profitable way of running NUFC.

This scenario doesn’t exactly fit with how Mike Ashley stated in July that a Newcastle United takeover would happen: ‘The day someone buys Newcastle, they’ll do their due diligence – and finished. It will happen like Manchester City. By the time the media find out, it’s already complete.’

Difficult to know who and what to believe…

Which basically sums up these 13 seasons of life under Mike Ashley.

Mike Ashley – 26 July 2019 in that PR statement to The Mail:

“I have to assume I will stay running this football club. There are no offers. Define an offer. I’m not a believer any more.

“Peter Kenyon convinced me last Christmas that it was going to get done. I’m never doing that again. I think I could own this football club for ever. That is my new mental state. The reality is with these deals that once it gets out, if it’s not done, it’s probably not going to get done.

‘The day someone buys Newcastle, they’ll do their due diligence – and finished. It will happen like Manchester City. By the time the media find out, it’s already complete.

“There’s no need for a delay with Newcastle. It is, honestly, a very well-run football club.

“The last bid, the one from UAE, he’s a prince and he’s got £38bn or £100bn, all these numbers — well, why would you even care what you’re paying then? What difference would £10m either way make? You would want speed, you would want certainty, you would want the keys and to get on with it.

“I will not stand in the way of Newcastle United. I will not stop that, if it happens. If such a person comes along I will think I’ve done quite a good job and I will want to keep going to watch them.

“I’ll keep a box, because my parents will demand it. Every time there’s a story that I’ve sold, I get the phone call. “You haven’t included our box in the sale?” When you own a football club, the whole family are in.”

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