Archive for tag: Toon sale saga.

Here we go again – the next episode in the Toon soap opera begins.

October 28th, 2009 | 383 Comments |

Here we go again
Here we go again
Mike Ashley has taken Newcastle United off the market after 5 months and appointed Chris Hughton as permanent manager until the end of the 2010/2011 season.

Emotions were running high when this was announced last night but I wanted to try and analyse the situation a little more objectively in the cold light of day.

It looked like Barry Moat might actually have been in with a chance at one point. According to the press, he’d had a £40m up-front plus £40m at the end of the season deal rejected and had come back to Ashley with a £60m-£20m upgrade to that, having been led to believe by Ashley that it would be accepted. Ashley however did not accept it and decided to take the club off the market amongst a lot of familiar-sounding rhetoric.

The rhetoric sounds familiar because it’s pretty much what he said the last time he took the club off the market. He stressed his commitment to the future of Newcastle United then too and he put some money into the club, but then we were relegated and the club was up for sale once again. So I have no reason to believe that Ashley’s aim is to do anything but maximise the club’s appeal so that he can put it up for sale yet again. (more…)