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Archive for tag: Mike Ashley Newcastle United loan.

Ashley’s rescue package?

February 21st, 2010 | 128 Comments |

Ashley: £25 million cash injection?
Ashley: £25 million cash injection?
In a somewhat surprising article in todays News of the World, it has been revealed that our illustrious owner, Mike Ashley, has stepped into the breach during December, loaning the club another £25 million to keep it a going concern. Now this is from the News of the World and huge pinches of salt are required as this story also features our old friend ‘the club source’.

Apparently this money has been given to us on in interest only basis to help pay the wages and cover the general day to day running costs of Newcastle United. It has been said that some of this cash was used to fund the purchases of January signings Danny Simpson, Leon Best, Wayne Routledge and Mike Williamson. Now I’m going to start running through the article so sit down for club inside knowledge and sensationalism. The ‘club source’ said to the Sport of the World: (more…)