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Keith_M
16-04-2020, 07:10 PM
Newcastle are finally getting rid of Mike Ashley but I wonder how their Fans feel about being taken over by some Investment Fund chaired by the Crown Prince of Saudi Arabia.

There's an article in The Guardian (https://www.theguardian.com/football/2020/apr/16/exit-the-house-of-karrimor-enter-the-austere-and-unforgiving-house-of-saud) that suggests some are actually in favour.


The kind of money available to this guy could surely buy success, but is success worth it at any price?

HoboHarry
16-04-2020, 07:11 PM
I'm more worried that Ashley turns his attention to Sevco and offers to invest those those lowlifes.....

660
16-04-2020, 07:17 PM
Better with Ashley than these cretins. Never liked Newcastle anyway tbh.

Billy Whizz
16-04-2020, 07:19 PM
I'm more worried that Ashley turns his attention to Sevco and offers to invest those those lowlifes.....

He’d run them within their cost base, as he did at Newcastle

HoboHarry
16-04-2020, 07:26 PM
He’d run them within their cost base, as he did at Newcastle
I want to see them in admin again. Preferably liquidated.

hibsbollah
16-04-2020, 07:30 PM
liquidated.

With the Saudis involved that's always a possibility. Remember that Jamal Khassogi guy?

Billy Whizz
16-04-2020, 07:33 PM
When were Newcastle in Admin?


Only kiddin' ;-)

No idea, but when did they last win a domestic trophy?
And add in Sevco too

CA Hibby
16-04-2020, 07:35 PM
Not read the article, but is this not the same group that tried to buy them before. However at that time there was some female banker that was heading it up, along with the groups money

HoboHarry
16-04-2020, 07:36 PM
When were Newcastle in Admin?


Only kiddin' ;-)
They weren't - I was talking about Sevco/Rangers/Oldco/any other name that those bams go by. If Ashley invests in them then they won't go bust again.

Hibs4185
16-04-2020, 07:56 PM
I’m also worried about Ashley investing in rangers.

Celtic are a well run profitable club with a decent chance of champions league every season.

Unfortunately Sevco could be similar if they were run properly and had a super rich owner.

Mike Ashley gets £350 million for Newcastle. Chucks in £30-£40 million to rangers. Champions league football, large fan base and a club worth more than his investment.

If he wanted to stay in football, sevco would probably be a decent investment for him.

Might have had his fingers burnt at Newcastle though and is massively disliked in Glasgow too.

The 90+2
16-04-2020, 07:59 PM
Are all wealthy Saudis that are oil rich, evil, killing, monsters? I’ve no idea but it’s certainly the way it’s being portrayed.

Billy Whizz
16-04-2020, 07:59 PM
I’m also worried about Ashley investing in rangers.

Celtic are a well run profitable club with a decent chance of champions league every season.

Unfortunately Sevco could be similar if they were run properly and had a super rich owner.

Mike Ashley gets £350 million for Newcastle. Chucks in £30-£40 million to rangers. Champions league football, large fan base and a club worth more than his investment.

If he wanted to stay in football, sevco would probably be a decent investment for him.

Might have had his fingers burnt at Newcastle though and is massively disliked in Glasgow too.

I think he’s got more than enough problems, to keep his Retail Companies solvent, to be investing in Rangers.

He should be chasing up the monies he’s due from them

The 90+2
16-04-2020, 08:02 PM
I’m also worried about Ashley investing in rangers.

Celtic are a well run profitable club with a decent chance of champions league every season.

Unfortunately Sevco could be similar if they were run properly and had a super rich owner.

Mike Ashley gets £350 million for Newcastle. Chucks in £30-£40 million to rangers. Champions league football, large fan base and a club worth more than his investment.

If he wanted to stay in football, sevco would probably be a decent investment for him.

Might have had his fingers burnt at Newcastle though and is massively disliked in Glasgow too.

Ashley should be the owner of Rangers. The ****ed that up on their own through immediate greed.

nonshinyfinish
16-04-2020, 08:17 PM
Are all wealthy Saudis that are oil rich, evil, killing, monsters? I’ve no idea but it’s certainly the way it’s being portrayed.

Probably not.

But given the involvement of the Crown Prince of a state with one of the worst human rights records in the world, it's probably a fair point in this case.

Billy Whizz
16-04-2020, 08:28 PM
Probably not.

But given the involvement of the Crown Prince of a state with one of the worst human rights records in the world, it's probably a fair point in this case.

Does English football not have a proper fit and owner test?

The 90+2
16-04-2020, 08:32 PM
Probably not.

But given the involvement of the Crown Prince of a state with one of the worst human rights records in the world, it's probably a fair point in this case.

Fair point 👍

StevieC
16-04-2020, 08:56 PM
Might have had his fingers burnt at Newcastle though.

In what way?
Financially, I suspect he got a lot more out of Newcastle than he put in. Just look at their income/expenditure in the transfer market over the last few years. Factor in crowds of 50k every home game. There's no doubt in my mind that Ashley was draining the club, a long way away from any finger burning risk. And to top that he looks to be about to pocket another £350m.

Newcastle United had land at the back of the Gallowgate, that would have allowed them to put an extra tier on the Gallowgate stand. Ashley took control of that a few years back, and there were plans mooted for an office block. Lets see if that returns to the club, or if its another thing thats been pocketed by Sports Direct.

New owners might be worrying, but getting shot of Ashley will soften initial worries.

Also, its not the same consortium as before (these consortiums always appeared at the start of a transfer window, and the deal would fall through a couple of weeks after window closed) but Amanda Stavely is involved with this one as she was with others in the past.

StevieC
16-04-2020, 08:59 PM
Does English football not have a proper fit and owner test?

It does, and due process is currently ongoing. How good it is might be the questionable part, only time will tell.

Sylar
16-04-2020, 09:02 PM
With the Saudis involved that's always a possibility. Remember that Jamal Khassogi guy?

Underrated reply :greengrin

Glad I'd swallowed my whisky before I got to it! :greengrin

Hibs4185
16-04-2020, 09:08 PM
In what way?
Financially, I suspect he got a lot more out of Newcastle than he put in. Just look at their income/expenditure in the transfer market over the last few years. Factor in crowds of 50k every home game. There's no doubt in my mind that Ashley was draining the club, a long way away from any finger burning risk. And to top that he looks to be about to pocket another £350m.

Newcastle United had land at the back of the Gallowgate, that would have allowed them to put an extra tier on the Gallowgate stand. Ashley took control of that a few years back, and there were plans mooted for an office block. Lets see if that returns to the club, or if its another thing thats been pocketed by Sports Direct.

New owners might be worrying, but getting shot of Ashley will soften initial worries.

Also, its not the same consortium as before (these consortiums always appeared at the start of a transfer window, and the deal would fall through a couple of weeks after window closed) but Amanda Stavely is involved with this one as she was with others in the past.

I just meant in terms of having fans hating him. Can’t be much fun being the most hated man in Newcastle. Can’t imagine he’d want to buy a football club and be similarly hated

StevieC
16-04-2020, 09:15 PM
I just meant in terms of having fans hating him. Can’t be much fun being the most hated man in Newcastle. Can’t imagine he’d want to buy a football club and be similarly hated

I think the millions he has made from Newcastle will help soften the blow.

To be liked at a football club he would need to be seen to be investing, and having the clubs best interests at heart .. and that doesn’t seem to fit into his running of a football club.

jacomo
16-04-2020, 09:15 PM
Newcastle are finally getting rid of Mike Ashley but I wonder how their Fans feel about being taken over by some Investment Fund chaired by the Crown Prince of Saudi Arabia.

There's an article in The Guardian (https://www.theguardian.com/football/2020/apr/16/exit-the-house-of-karrimor-enter-the-austere-and-unforgiving-house-of-saud) that suggests some are actually in favour.


The kind of money available to this guy could surely buy success, but is success worth it at any price?


I doubt they care. Geordies are generally amazed that others don’t recognise their club as the greatest in the world, and will believe anyone who promises to make it right.

jacomo
16-04-2020, 09:17 PM
I think the millions he has made from Newcastle will help soften the blow.

To be liked at a football club he would need to be seen to be investing, and having the clubs best interests at heart .. and that doesn’t seem to fit into his running of a football club.


I don’t think he’s made a huge amount. Newcastle were an absolute basket case when he bought them and he needed to plough in a lot of cash to steady the ship.

His reputed asking price was £400m but it seems he is selling for £300m.

jacomo
16-04-2020, 09:20 PM
I’m also worried about Ashley investing in rangers.

Celtic are a well run profitable club with a decent chance of champions league every season.

Unfortunately Sevco could be similar if they were run properly and had a super rich owner.

Mike Ashley gets £350 million for Newcastle. Chucks in £30-£40 million to rangers. Champions league football, large fan base and a club worth more than his investment.

If he wanted to stay in football, sevco would probably be a decent investment for him.

Might have had his fingers burnt at Newcastle though and is massively disliked in Glasgow too.


The Lying King did a good job of whipping up the mob against Ashley. I very much doubt he’d invest in them.

Stonewall
16-04-2020, 09:34 PM
The Lying King did a good job of whipping up the mob against Ashley. I very much doubt he’d invest in them.

You can bet your boots he could hold his nose and work with Hitler if he would make money.

macca70
16-04-2020, 09:45 PM
The Lying King did a good job of whipping up the mob against Ashley. I very much doubt he’d invest in them.

Yeah, I thought Rangers fans hated the guy, I wouldn’t have thought he’d be that keen to pump cash into them. Surely he’d be more interested in getting involved in another club and building them up, probably also milking them and ensuring there was something in it for Sports Direct

jacomo
16-04-2020, 10:22 PM
Yeah, I thought Rangers fans hated the guy, I wouldn’t have thought he’d be that keen to pump cash into them. Surely he’d be more interested in getting involved in another club and building them up, probably also milking them and ensuring there was something in it for Sports Direct


Or maybe he’ll just go back to being a spurs fan.

StevieC
16-04-2020, 10:47 PM
I don’t think he’s made a huge amount.

Initially he had to put some money in, but that was because he didn’t do due diligence and over paid Hall/Shepherd for what the club was actually worth.
Not sure you could quite call them a basket case, though they were badly run by Freddy Shepherd (who was another owner that was filtering money, albeit through share dividends) with piss poor players with wages that were way too high.

The first couple of seasons he was actually doing okay. Got the wage structure down, decent season ticket packages for the supporters and things looked to be going in the right direction ..

He then went “loop the loop” and started appointing people like Denis Wise as director of football and appointing managers on the basis of meeting them in a casino (Joe Kinnear!!). All went downhill from there, and for the last 7 or 8 years he has been milking millions out of the club. Transfers in and out usually close to break even, which begs the question of what happens to the majority of the £120m the club gets each season from the league? As
Mentioned above, he also pocketed a nice bit of land at the back of the Gallowgate which came with the club.

jacomo
16-04-2020, 10:52 PM
Initially he had to put some money in, but that was because he didn’t do due diligence and over paid Hall/Shepherd for what the club was actually worth.
Not sure you could quite call them a basket case, though they were badly run by Freddy Shepherd (who was another owner that was filtering money, albeit through share dividends) with piss poor players with wages that were way too high.

The first couple of seasons he was actually doing okay. Got the wage structure down, decent season ticket packages for the supporters and things looked to be going in the right direction ..

He then went “loop the loop” and started appointing people like Denis Wise as director of football and appointing managers on the basis of meeting them in a casino (Joe Kinnear!!). All went downhill from there, and for the last 7 or 8 years he has been milking millions out of the club. Transfers in and out usually close to break even, which begs the question of what happens to the majority of the £120m the club gets each season from the league? As
Mentioned above, he also pocketed a nice bit of land at the back of the Gallowgate which came with the club.


Newcastle were in a deep hole when ashley came in. Similar to the Bolton situation: ticket sales and tv money just keeping the wolf from the door.

But much of your post is fair. Ashley did seem to go a bit mad with it all.

A pal enjoyed corporate hospitality as a guest of Ashley a few years ago. The excess was staggering.