Ashley has a massive slash....

[Guest Heneage]

..on the clubs price. (Taken from the BBC)

 

Newcastle owner Mike Ashley has reduced his asking price for the club from £450m to a figure in the region of £280m to £300m, BBC Sport understands.

 

Having paid £133m for the club and paid off its loans, a price of £300m would still leave him with a profit of £50m.

 

"Newcastle is a private company and Ashley has no shareholders to consult before accepting a bid," explained BBC Sports Editor Mihir Bose.

 

"In that sense the value of Newcastle is whatever he can get on the market."

 

Ashley only took charge of Newcastle last year but decided to sell after vociferous fan protests following the resignation of manager Kevin Keegan.

 

Last week, former Wimbledon and Nottingham Forest manager Joe Kinnear was named as the surprise choice of caretaker manager until a new owner can be found.

 

As many as five bidders, including a Nigerian consortium, are thought to be interested but potential buyers do not have to make a bid yet.

 

First any buyer must show they have the money, and that is only the first step before facing several other hurdles to make sure the sale takes place.

 

Despite the club's current plight, being second-bottom of the Premier League, Newcastle could still be an attractive investment opportunity.

 

St James' Park holds 52,000 fans, with 35,000 of them season-ticket holders, and is currently valued at around £150m.

 

The playing squad is worth around £100m and has a wage bill of £70m, which is by no means the largest in the Premier League.

 

 

http://news.bbc.co.uk/sport1/hi/football/teams/n/newcastle_united/7644211.stm

[La Parka]

Was always going to do this. Best way to start high and work down when trying to sell something.

[UV]

1) Put item on sale for a brief period at massively inflated price

2) Put up closing down sale everything must go sign

3) Make up fictional potential buyers to hurry the sale along

4) Reduce original price and slap a 1/3 off RRP sticker on it

5) Profit

 

Mikey sticking to what he knows.

 

I'm half expecting to see 4.5) This offer is for a limited time only, don't miss out, hurry on on down to SJP NOW!!!

soon

[Guest michaelfoster]

I dont blame him needing a slash after downing that pint at Arsenal

[Belfast Boy]

If this is true it certainly doesn't tally to there being 6 interested parties.

[Elliottman]

I dont blame him needing a slash after downing that pint at Arsenal

 

what, he hasnt had a piss since then???

[NewJerseyMag]

Slash the price and make a 50 million profit... terrific.

 

Meanwhile we missed the transfer window, sold one of our promising young midfielders and are left with a paper thin squad.

 

You couldnt make it up, could you.

[TRon]

1) Put item on sale for a brief period at massively inflated price

2) Put up closing down sale everything must go sign

3) Make up fictional potential buyers to hurry the sale along

4) Reduce original price and slap a 1/3 off RRP sticker on it

5) Profit

 

Mikey sticking to what he knows.

 

I'm half expecting to see 4.5) This offer is for a limited time only, don't miss out, hurry on on down to SJP NOW!!!

soon

 

He's going to con the billionaire that buys the club by making an unholy profit? I've heard he's got a secret mind control ray gun pointed in the direction of Nigeria