Archive for tag: Finances.

Newcastle United in the transfer market

June 15th, 2011 | 28 Comments |

Mike Ashley's piggy bank.
Not only does it save money, but it's also French!
Mike Ashley bought Newcastle United to much fanfare in 2007 via St. James Holdings. Opting against doing the sensible thing and lodging a formal bid, he just went out and bought the stocks, forcing the then hospitalised Freddy Shepherd into advising shareholders to sell, sell, sell!

Thus came an end to Shepherd’s reign of terror over our club. He inherited a wonderful thing from Sir John Hall and promptly ran it, head first, into the ground. That was to end with our new chairman. A young man, famed throughout the great maze of Eldon Square for his cheap sportswear and throughout the business world as being reckless in his deals.

It was all roses for a while as Mike Ashley enjoyed a [many] pint [pints] with the fans in the Strawberry and even snubbed the directors box in favour of the Leazes End. Had Freddy Shepherd had done that, he’d have been hog tied, placed on a spit and spun over an open flame in the centre circle with his, rather ample, meat donated to third world areas of our great Earth such as Sunderland and Liverpool.