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Mike Ashley (former owner)

Disco

by Disco
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Unbelievable

Unbelievable

Posted
Posted

I still don't believe Ashley has any intention of selling. He's in control of one the biggest, most profitable clubs, in the most lucrative league in the world, where he can trouser ridiculous amounts of money and at the same time can showcase his other businesses to a worldwide audience of Billions. Anyone thinking he's giving that up is totally deluded. It simply works perfectly for him. He basically has to do nothing to make a fortune.

 

Allegedly the club has now been up for sale for in excess of 10 years. That's right, one of the truly huge clubs of English football has been up for sale for over a Decade and has failed to attract a buyer. I'm sorry like but I'm not having that. I reckon that in all that time well over half of pro clubs in England have had a change of ownership yet one of the most lucrative of them all can't find a buyer? Really?

 

I'm not doubting there might be genuine interest from this latest group but they'll be finding out, as others have, that Ashley has no genuine intention of parting with the goose that continues to lay golden eggs for him.

 

Obviously if someone were to hoy silly money at him, say £500m+ that's a different scenario all together, but let's face it, that's not happening.

 

No doubt Ashley would love to hold on to NUFC for a lot longer but unfortunately for him he has painted himself into a corner whereby he simply has to sell this summer. The reasons for this are two-fold....firstly he is haemorraging cash from his other business interests and secondly he has a manager of NUFC who cannot be replaced without the whole club imploding in a manner not seen before in its entire history.

 

If Ashley is a smart gambler then he knows all of this and also realises that now is the time to walk away from the table. He has got his money back, made a tidy profit and had 12 years of exposure for his tatty brand. If he stays at the table then his asset will turn to dust over the next 12 months and wont ever recover while he is the owner.

 

Is Ashley a smart gambler though? Would a smart gambler have even bought the club in the first place without doing due diligence and finding out there was £110m worth of debt he knew nowt about?

 

 

£70m actually, which he knew about. What has been claimed though is he didn’t know the £57m with Barclays for the stadium expansion was repayable immediately upon a change of ownership, something that is neither uncommon nor something he couldn’t have easily found in the debt contractual documents if he had bothered to do some basic research.

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Guest Open_C

Guest Open_C

Posted
Posted

Anyone been past the stadium this morning?

 

I have

 

Mike Ashley himself is in a skip outside the ground but apparently they do it every year for cleaning so I'm reading nowt into it

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Wilson

Wilson

Posted
Posted

Anyone been past the stadium this morning?

 

I have

 

Mike Ashley himself is in a skip outside the ground but apparently they do it every year for cleaning so I'm reading nowt into it

 

Now there's a picture that would win the photo thread.

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Guest

Guest

Posted
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I've just been on the phone with the talking clock, it said the time at the beep would be 10:00am. This is a well known coded message within GCHQ circles for 'The Oil Investment has been concluded, proceed with operation maggie.' Now, my family were spies during the Cod Wars, so take this for what it is worth.

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jong24

jong24

Posted
Posted

I've just been on the phone with the talking clock, it said the time at the beep would be 10:00am. This is a well known coded message within GCHQ circles for 'The Oil Investment has been concluded, proceed with operation maggie.' Now, my family were spies during the Cod Wars, so take this for what it is worth.

 

All sounds a bit fishy to me

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Disco

Disco

Posted
Posted

I've just been on the phone with the talking clock, it said the time at the beep would be 10:00am. This is a well known coded message within GCHQ circles for 'The Oil Investment has been concluded, proceed with operation maggie.' Now, my family were spies during the Cod Wars, so take this for what it is worth.

 

Aye, FOR THE ICELANDIC ENEMY OCKSSON.

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Guest

Guest

Posted
Posted

I've just been on the phone with the talking clock, it said the time at the beep would be 10:00am. This is a well known coded message within GCHQ circles for 'The Oil Investment has been concluded, proceed with operation maggie.' Now, my family were spies during the Cod Wars, so take this for what it is worth.

 

Aye, FOR THE ICELANDIC ENEMY OCKSSON.

 

Rumbled.

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Stal

Stal

Posted
Posted

I mean, I wasn't optimistic when I checked the thread this morning but it seems since last night we are getting a Lion King/Wyn Davies crossover in gif form.

 

Not against the idea to be fair.

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Heake

Heake

Posted
Posted

Of all the groundless predictions there has been (On the day we`ll find out one way or another). I think its logical to suggest that it`ll be on or before the 1st July. It would also be really unthinkable to not have some form of comment from the club whether Rafa`s on board or not.

 

I`m of the opinion that, rather than it being a done deal or a Bishop inspired Ashley conspiracy, the position is that Genuine offers have being made / provisionally accepted but Ashley`s Ad-ons are dragging the situation out to what may ultimately be a failed bid (s). Some folk on here seem to give far too much credence to Bishop as if he`s some sort of master schemer.

 

I think that while Ashley may well set the narrative its more by default than scheme as the general impression I get is that Ashley is a boorish oaf who`s impulses have at times cost him a lot of money & that the club remains both an irritant & a valuable source of revenue (At a time when most in the city are of the view that the high street is in steep decline). One which he wont let go unless he receives an offer he cant refuse.

 

Sadly we may know where we are on the 1st but we may not know the truth on how we arrived there for months / years after.

   

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BlueStar

BlueStar

Posted
Posted

Ive just had a look at the Leazes end and can see SD signs in the middle tier as they were a few weeks ago.

 

While they were in the skip they installed the motors.  First game of the season they sink into the ground to reveal Bin Zayed signs behind them.  Centre circle opens up like Tracey Island and Mbappe appears in a toon top surrounded by dry ice. 

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NG32

NG32

Posted
Posted

Ive just had a look at the Leazes end and can see SD signs in the middle tier as they were a few weeks ago.

 

While they were in the skip they installed the motors.  First game of the season they sink into the ground to reveal Bin Zayed signs behind them.  Centre circle opens up like Tracey Island and Mbappe appears in a toon top surrounded by dry ice. 

 

I look forward to our new overlords.

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