Please Wait....

    Newcastle takeover bid takes another twist

    Mike Ashley won’t be around much longer

    Newcastle owner Mike Ashley announced in October that he was willing to sell the club.

    British Businesswoman, Amanda Staveley was the first to show her interest and even attended Newcastle’s match against Liverpool, which ended in a fairly credible 1-1 draw.

    Ashley has owned Newcastle since 2007 and has not been a popular figure at the club.

    Since his takeover, Newcastle have been relegated to the Championship twice and haven’t won any (first class) silverware.

    The 53 year old earned his wealth through his company, Sports Direct.

    In 2011, Ashley even renamed Newcastle’s historic ground, St James’ Park, “The Sports Direct Arena”.

    It’s fair to say that this was an unsuccessful move as fans were outraged and the stadium name was reverted back after not being “commercially attractive”

    So what now?

    The Daily Mail reported this morning that a ‘Dubai Investor’ is interested in buying the club.

    The investors, who are not named, reportedly are willing to match Ashley’s asking price but only once Newcastle’s safety in the Premier League is certain.

    Newcastle are currently 13th in the table, just two points clear of 18th placed Stoke in the relegation zone.

    Any potential takeover hopefuls will be wary of allegations against Newcastle regarding Tax Fraud which could be a major deciding factor.

    Newcastle boss Rafa Benitez still seems upbeat despite the difficulties behind the scenes and in the league table.

    The club hasn’t won any domestic silverware since the 1955 FA Cup and is trophy-less since 1969 when they won the Inter-Cities Fairs Cup, a competition that no longer exists.*

    It looks like the Ashley will sell the club, and fairly soon but he has backed out of selling before and Newcastle fans will be praying that he doesn’t do so again.




    *This does not include lower league division titles/Interoto Cups or Pre season tournaments!

    Story Page