Football finance expert calls out Mike Ashley as a hypocrite after latest Newcastle United moves
Newcastle United fans have suffered over 14 years of Mike Ashley.
Owning the club since 2007, NUFC supporters have now come to accept (expect!) that there no lows Mike Ashley won’t sink to in his running of the football club.
Kieran Maguire lectures in football finance at Liverpool University and also has his own Price Of Football website, he has now branded Mike Ashley a ‘hypocrite’ after his latest NUFC moves.
Kieran has regularly written in the past about Newcastle United and Mike Ashley, as well as of course, the situations at many other clubs and also a Brighton fan for his sins, he once famously said: ‘If Mike Ashley wanted to buy the club I supported I’d be soiling myself.’
Speaking to Football Insider about the Mike Ashley demands for the Premier League to allow “transparency” ahead of the club’s arbitration case with them, Kieran Maguire saying:
“It shouldn’t make any difference on the case itself, in theory,
“The people making the final decision are legal professionals and you’d expect them to be objective.
“But what I think Staveley and Ashley are trying to do is get populist support.
“They hope that this will mean the pressure’s on the people making that final decision.
“They’ll know that every word and every utterance is going to be scrutinised by Newcastle’s fanbase.
“Mike Ashley is a hypocrite because Newcastle are the only club in the Premier league not to publish anything to do with their accounts. That doesn’t exactly scream transparency.”
The Newcastle United accounts for two seasons ago (2019/20) were due to finally be filed by 30 June 2021.
These accounts set to take us up to 30 June 2020 and allowing us to see what Mike Ashley had been up to in that time.
However, late in June, Mike Ashley extended the accounting period that will be covered, now instead of up to and including 30 June 2020, it is up to and including 31 July 2020. By doing that, it allows Mike Ashley to now legally not have to publish those accounts for 2019/20 until by the end of July 2021.
Quite outrageous really that as things stand we have seen no financial information whatsoever since Rafa Benitez left the club on 30 June 2019, of what has happened at Newcastle United since Mike Ashley forced the Spaniard out and replacing him with Steve Bruce.
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