An intriguing theory has emerged on Twitter from True Faith stat-man Chris Holt, explaining just why Mike Ashley may have dropped his asking price from £400m to £300m – and it makes a fair bit of sense.
As Holt explains in his tweets below, Ashley wanted £400m last October – and, if the Shields Gazette and The Chronicle are to be believed, his asking price has now dropped by a staggering £100m in search of a sale.
Since October last year, we have a net transfer spend of -£20M and it’s well documented that the 2017/18 Premier League season saw the club raise £123m.
Where has this money gone? Well, it seems Ashley may have pocketed it – and this could be why he feels able to reduce the asking price so significantly in order to attract potential buyers.
Here’s what Chris Holt has had to say on Twitter:
…but if he used club funds to pay off a massive amount of his loan, he took on the risk of relegation and the flak for a transfer profit in 2018 in order to get what he wants. A buyer WOULD be paying £300m for exactly the same club/cash reserves Ashley asked £400m for last year
— Chris Holt #IfRafaGoesWeGo (@bigchrisholt) September 19, 2018
I don’t blame anyone for being sceptical or dismissive given what’s gone on over the last 12 months, but this MIGHT just explain why he feels able to drop the asking price.
Has Ashley pocketed the Mitrovic money, the TV cash and refused to spend so that he feels able to drop his asking price to an amount potential buyers would pay? Let’s hope so.
This is what some of us said over summer.
He couldn't get the £400M he wanted so he's technically "stolen" £100M of #NUFC incomings (players sales, TV, sponsor) and dropped his asking price to £300M.
It's hard to trust anything he says…BUT…it could be true this time.
— Burnsie ?NUFC?️ (@BenArfaChance) September 19, 2018