By Tyne-Talk
October 28 2009

Newcastle United last night announced that Mike Ashley has pulled the club back off the market with no intention to sell this season, and then confirmed that Chris Hughton is now officially club manager. Both bits news were expected, however the 3rd announcement will have come as a bombshell to most, the sale of the iconic name "St James's Park" with a view to renaming it from next season.

For indecisive Ashley who had to be protected from fans by security at last weeks game, this latest announcement will be one more issue on the fans list of many problems they have with his inability to manage the club. He first put Newcastle United on the market in September 2008 only to withdraw it 3 months later.

Once securing relegation and selling off the majority of our best players he decided to jump ship again by putting the club up for sale in May 2009. The staff and players have since been attending work to the unknown as a speculative list of potential buyers have been announced by the media.

A Club statement released late last night read;

"The Club had been trying to broker a deal with a number of prospective buyers in recent months however none of those deals came to fruition.

With regard to the possible sale of the Club to Barry Moat, that particular bid has now fallen through due to the cash price of £80m not being met.

Mike Ashley is totally committed to the future success of Newcastle United and will be focused on gaining promotion back to the Premier League. Mike will put a further £20m into the club this week.

Whilst confirming these two matters, Newcastle United now aims to move forward on and off the pitch.

The club aims to maximise its commercial revenues; this includes renegotiating its club sponsor and kit deal, which expire at the end of this season, as well as welcoming offers for the stadium naming rights for next season."

Perhaps the best way he could go about increasing revenue would be to accept that the fans have a huge impact on the game and by making stupid decisions to fill his pockets he will drive the thousands that pay he wages away. The club is no more stable off the market than it is when for sale, because by the end of the season, if our promotion bid fails, we will be in exactly the same position as we have been for the last 5 months.

Could Things Get Any Worse???

Discussion started by TyneTalk (IP Logged), 28/10/2009 08:41

TyneTalk
28/10/2009 08:41

What do you think? You can have your say by posting below.
If you do not already have an account Click here to Register.

Reply Quote Report

annie
28/10/2009 16:28

Sacrilege!

Reply Quote Report

tunyc
30/10/2009 13:47

Would be hard for things to get any worse.

The most cynical of conspiracy theories seems true now. Ashley floated the bs about selling the club and all these consortia and Barry Moat simply to cover the fact that he absolutely refused to invest in the squad over the Summer. And now he's going to spend 20M? On what, precisely?

Oh yeah, and anyone notice all the players now linked to loans to Boro? Don't expect Hughton to be hauling anyone in...

Reply Quote Report

lostmekeys
30/10/2009 16:31

Quote:

tunyc
Would be hard for things to get any worse.
The most cynical of conspiracy theories seems true now. Ashley floated the bs about selling the club and all these consortia and Barry Moat simply to cover the fact that he absolutely refused to invest in the squad over the Summer. And now he's going to spend 20M? On what, precisely?

Oh yeah, and anyone notice all the players now linked to loans to Boro? Don't expect Hughton to be hauling anyone in...

i really hope that theory isnt tested. we have long way to fall yet, if things do continue to get worse

Reply Quote Report

tunyc
30/10/2009 21:12

Yeah, it seemed silly as soon as I hit 'Post Message'...of course things could get worse...*shudders*

Reply Quote Report

Goto: Forum List•Message List•Search• Log In

Sorry, only registered users may post in this forum.

We record all IP addresses on the Sportnetwork message boards which may be required by the authorities in case of defamatory or abusive comment. We seek to monitor the Message Boards at regular intervals. We do not associate Sportnetwork with any of the comments and do not take responsibility for any statements or opinions expressed on the Message Boards. If you have any cause for concern over any material posted here please let us know as soon as possible by e-mailing abuse@sportnetwork.net