The £267 million Newcastle United dream

The price it will cost to force Mike Ashley out of Newcastle United has been revealed.

Any anti-Ashley fans out there who would rather see the Sports Direct giant leave the club, you’ll have to come up with the princely sum of £267 million to do that.

That’s reportedly what Ashley has spent on the Newcastle project since he bought the club and he’s thought to be unwilling to leave the club for a loss.

That’s bad news if you’d rather see him go because unless another buyer comes along with that amount of cash, plus what Newcastle is actually worth on top, he’s going to be staying put for quite a while.

Ashley has made some very bizarre and random decisions during his time in charge of the club such as deciding to hand Alan Pardew an eight-year contract only to undermine him with the recent appointment of Joe Kinnear as director of Football.

Fans spoke earlier this week at a supporter’s group meeting, urging Ashley to leave his position as head of the club.

It’s a shame because Newcastle United is one of English football’s big and great clubs and the days where the club were seen as a laughing stock by the majority of neutrals appeared to be over.

Fair enough Newcastle had a poor season last year but that doesn’t mean Pardew should instantly be threatened in his position, having transfer control taken away from him and handed to someone who hardly did a great job during his one year in charge.

The obvious risk to Ashley’s departure is that he takes his cash away with him and the club could be laced with debts if the party that buys him out, uses borrowed money to do that.

It’s effectively a checkmate move by Ashley because he’ll be fully aware of the business potential of Newcastle in terms of profit and he can protect that with the investments he’s already made.

Anyone in any form of business will never go into a deal knowing that they are automatically paying more than something is worth and that’s exactly the situation Ashley has created in the North East.

Fingers crossed for those fans who do want him out that the club finds a very wealthy owner who isn’t afraid of that £267 million fee and subsequently won’t be afraid to invest in the club after that.

Newcastle are very restricted in terms of parties that can buy the club because there aren’t many wealthy potential owners out there who would be willing to take that risk.

Sorry if you’re an anti-Ashley campaigner but it just seems very difficult to see him leaving any time soon.

Can Newcastle find a new owner? 

image: © nyaa birdies perch

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