Why crippling financial problems on the horizon for Premier League teams should see Mike Ashley finally sell NUFC


Mike Ashley received a £ 300 million prize for relinquishing control of Newcastle United.

The owner remains in Miami after traveling to the United States before the coronavirus pandemic plunged the world into crisis and crisis.

Sports Direct tycoon has put the Magpies on sale since 2017 and at one point there was talk of an asking price in excess of £ 350m, but those hopes are practically gone now and £ 300m should be considered an excellent price.

Ashley was sitting on a for-profit machine at one point in St James’ Park, but the state of the world – and especially football at the moment – means that terminating his tenure at Tyneside is a reasonable and without option. doubt alone unless he wants to lose millions.

The owner of the Toon clearly suspected that there could be problems ahead when he withdrew his field operations team to save money with the government which is currently recovering part of its tab in St James ‘.

Ashley has often been accused of not really caring about the long term at United, but sacking her screening team is a decision that could have detrimental effects in the future.

For Ashley, however, it could soon be someone else’s problem.

Another reason Ashley is looking to bail out is the lack of revenue from the door which still brings her a healthy cash boost every two weeks as 52,000 or more fans go through the turnstiles and financially support her club through sales. of tickets and purchases on match day as food and drink.

Yet we learn – in a report in the Daily Mirror – that a Premier League club is losing £ 9 million a week.

In Southampton, another club for sale, owner Gao Jisheng dropped 50 million pounds from its asking price to sell with the Saints now at a asking price of 250 million pounds.

Financially, this only goes in one direction for Ashley.

Of course, the best news for Newcastle fans is that if all goes well, the club will never have been in better shape in terms of money.

The joint offer by PCP Capital Partners of Amanda Staveley, the Reuben brothers and the Saudia Arabia Public Investment Fund could even mean that the Magpies are the wealthiest club in the Premier League.

For now, the wait continues and until the Premier League emerges with the green light, some fans just like to dream.

After years of trying to save money and not spend the full amount of prominent television and merit payments, which resulted in a relegation battle after another, it would be typical to Ashley to leave the ship now that there is nothing left for him.


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