How attractive is Newcastle United for a takeover?
Posted on October 3rd, 2011 | 65 Comments |
In my previous blog “The Lesser of Two Evils” many people commented that Mike Ashley has no commitment to NUFC and will sell up as soon as he gets the right offer.
The question that has to be asked then, is, “How attractive is Newcastle United for a takeover?”
If you imagine yourself as a potential investor of NUFC you have to admit that it does look an attractive business move. A huge loyal fan base, who despite their misgivings of the current ownership are relatively content at the moment. All the club debt is out in the open, in a manageable way and is a relatively small given the revenue of the club. The team is playing well and we are flying high in the leagues and cup competitions, if we had beaten West Brom last season we would have only been a few places short of Europe.
Once that debt is cleared (hopefully in a few years) provided we continue to reside in the Premier League we could prove to be quite profitable on a long term investment.
The relegation was fantastic for a new potential owner; all the dead wood and high earners are almost out of Tyneside (Alan Smith I’m looking at you) with a new sensible wage structure and transfer policy in place. I’d argue that maybe another £20 million in transfer fees to get us a new Striker and Right Back / Centre Back would set the team up for a few years; our squad is not in need of a complete overhaul as we have a relatively young squad.
Plus any new owner would immediately walk into a positive atmosphere after being the person who removed Ashley’s reign of terror.
On the other side of the coin, if we do start to receive bids for the club (Lets face it, regardless of what is said, the club is on the open market waiting for bids) it could really unsettle our fantastic start to the season. If a transfer embargo is placed over us until any takeover is complete it could really hamper our progress, leaving us another 6 months without a striker.
I’ll finish with a harrowing thought; we could end up with somebody worse than Ashley!