Newcastle United owner Mike Ashley feels he’s been deprived of a £305m takeover transaction, but his net worth, according to the Sunday Times Rich List, has increased by £769m to £2.718bn and is up 14 places to 61st in the rankings.
Incredibly the Furlough scheme has and still is being used at NUFC during this time. Now don’t get me wrong, I’m all for people claiming what they are entitled too and Ashley is an exceptionally good businessman. But it’s hard to believe that he’d treat the club and their employees this way when you see his net worth rise like it has over the past year.
I wish he’d furloughed Bruce and Charnley and brought others into do their jobs and yes, I know that’s not the point of the Furlough scheme but you know what I’m thinking and I bet a few others do too.
But let’s try and forget Ashley and his money “woes!” Although I probably will return to them later, I want to consider the Reuben brothers – a duo behind the Saudi-backed bid to buy the club who’ve also had a substantial increase in their wealth and are now recognised as the second wealthiest in the UK. According to the latest rich lists, their fortune has increased by £5.4bn, and now stands at a staggering £21.4bn!
There’s no doubt that they have invested heavily in the Newcastle area and love the region. They also appear to love the Football club and the idea of being involved with it. With wealth like theirs, it’s had me wondering what’ stopping them from buying us outright?!
Even The Premier League would struggle to reject such a powerhouse duo as unfit owners and they surely couldn’t fail the “test”, could they? But sources say that despite the Rueben’s being financially able to buy Ashley out they don’t want to be sole owners of the club.
Even The Premier League would struggle to reject such a powerhouse duo as unfit owners and they surely couldn’t fail the “test”, could they? But it’s been said that despite the Rueben’s being financially able to buy Ashley out they don’t want to be sole owners.
It seems they feel that a consortium is a better fit for NUFC and will happily play a part in that. They figure that putting the best business brains around the deal will give it a better chance of going through and progressing the club along the lines of what it potentially could achieve.
I think I get that and can see where they are coming from but given their worth and their apparent desire to oust Ashley, I don’t really understand it fully. They have the means but perhaps not the wherewithal – saying that, I do wonder if they would get their heads with Staveley and try and make it happen without the Saudis if the arbitration case ended badly – as you can be sure they’d pass the Premier League’s ODT.
Back to Ashley – do these new figures regarding his personal wealth show him up for abusing furlough? I think so. But we know what he’s like now.
On a positive note, another theory is that this gives me hope that with such a significant boost to his wealth, he won’t barter with fee too much or get greedy again if Saudis fail and new buyers come looking. Especially as he keeps saying he wants out.
We all know that for whatever reason he won’t invest if he stays. He’ll keep Bruce on and afford him minimal outlay. Heck he might even sanction a departure for ASM if he got a big offer and then just use that money to jiggle the squad around.
My further worry with Ashley still around is it keeps the faceless and silent Lee Charnley in a job. It would also appear that Charnley is deaf as well as he can’t seem to hear Bruce knocking at his door.
Don’t get me wrong as Charnley may be doing a fantastic job. But how will we ever know as we never ever hear him, see him, or have evidence of what he’s doing. It really does seem a ludicrous way to run a football club.
Back to the Reubens, their ridiculous wealth suggest they could fund a takeover bid if PIF don’t win arbitration. They’ve got the money and it’d solve a big issue! They may be reluctant to be the sole owners but surely if they can get us off Ashley’s hands then they could sort out the internals after that.
It is mad that Ashley has got a £769m boost but still claims furlough on Newcastle United staff from taxpayers and that the Reubens have seen their net worth rise so much! Two ends of the scale.
One makes what Ashley’s done all the poorer, and the other makes you wonder if they could fund a buyout if PIF get one last no from the EPL. This may all drag on once again and we the loyal fan base will be the losers. Not that I suspect that ranks in either’s thinking regarding NUFC.
Personally, I’m just as mystified as anyone that someone wants to sell and someone wants to by and yet someone else doesn’t want to let them. All meaning that the original someone who has more than enough money to see The Club progress just digs in his heels. Happy Days!