Mike Ashley will only be able to sell Newcastle United to wealthy overseas investors according to financial expert Kieran Maguire – who feels his revised price tag of £400m is too steep, making us an unrealistic investment for potential domestic buyers.
Maguire, a chartered accountant with a background in finance, has regularly been used by the media to comment on the our takeover past 6 months, and he clearly feels Ashley has priced himself and so many potential buyers out of a deal.
One of those appears to be Amanda Staveley. Herself and PCP seemed as though they were one of the few parties who held genuine interest in the club, however it’s looking more and more like they’ve walked away from Ashley due to his extortionate demands.
Here’s what Maguire has had to say when speaking to say on the matter – admitting that wealthy overseas investors may be the only option for Ashley at £400m – and even that is ‘looking steep’:
“I don’t think there are any domestic investors willing to pay that much for Newcastle.
“There is a club 13 miles down the road that has just been sold for peanuts in the form of Sunderland.
“If Newcastle is going to be sold it will be to overseas investors and the asking price is looking steep for a club that has been relegated twice in the last 10 years.”
I find his comments about Sunderland a bit pointless. They aren’t really comparable to us right now so of course their recent takeover price was an absolute fraction of ours.
One has a world class manager in Rafa Benitez, 52,000 crowds every week and has just finished in the top 10 of the Premier League, where as the other is a League One club – left crippled financially and in a total mess both on and off the pitch as a result.
That being said, does that mean we are worth £400m? I’m not so sure, and it seems Ashley’s greed could price him out of his overdue exit from our club.
Some question whether he even want to sell in the first place and, based on his ‘efforts’ so far, that’s looking like a valid argument.
Said it from the start the Fat **** dont want to sell and never has why would he sell ? he is way too greedy..
fj1200xxx(Quote)
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artybow(Quote)
artybow(Quote)
Someone just murder the fat ugly *******
ASH HATER(Quote)
Mike Ashley tells so many lies, I’am not sure if he would know when he’s telling the truth. How can he value the club at £400 and then plead poverty the next. If he’s not willing to put any money into now then why hang onto the club? Maybe because he knows it’s a good marketing tool for his much loved tacky Sports Direct shops. Until he leaves, nufc will always struggle
Andy(Quote)
Talk about a “no **** sherlock” comment.
Richard(Quote)
I don’t get it at all why can’t the FA do something about him they know he is a gangster n just destroying a great club one of England’s best.I love this club greatly why can’t the supporters just stay away from every match let the club do a scumberland jus to **** the ******* pocket I honestly blame d fans for turning up at st James Park where is the fun in goin to see your team n deep down u know the club is going backwards if I was Rafa I’d jump at any job that come my way
Irish Magpie(Quote)
Do you actually think the loyal fans who turn up week after week give a monkey’s what you think? My, you do overrate yourself.
Those fans are why Rafa stays. Why players want to stay.
But hey, you’re right and 52k are wrong. Jog on.
Bobbybee(Quote)
Vince(Quote)
Yes an Irish Geordie that doesn’t go to the games telling us we are stupid.were we stupido in 1976 till the 90s also.
Look at Sunderland and there’s your example of staying away . Your chairman takes no interest ando neither do your players..Once Ashley has gone it will be fun to see where all these stay away fans will sit as we’re sold out virtually every week. I blame the Internet for letting people whinge on even when you achieve a top ten finish.
It’s obvious to me that most nonsensical views and comments are wrote by those who arrived with keegan all those years ago and cannot class themselves as fans
Fans follow a team and support the shirt through thick and thin.
Enjoy shopping on a Saturday with your lass..your not miseed in all honesty
Vince(Quote)
😯
Why are there so many ‘fans’ who constantly whinge about everything to do with NUFC – Please go support a local League 1 side! 😉
Toontaff(Quote)