Money Matter$

Mike Ashley is staying at Newcastle: is this good news?

Magpies owner takes club off the market

Mike Ashley Protests

Cockney mafia ringleader Mike Ashley has been trying in vain to hawk Newcastle Utd to the highest bidder for many months, but in the programme for today’s game with Liverpool, he has announced his intention to “end the uncertainty” by “committing to the club as its owner”:

“For me 2009 will be the year in which we drive the club forward together.”

“Even when I haven’t been at games I have remained a keen supporter, kicking and heading every ball and cheering the team on TV and being first to congratulate Joe Kinnear whenever there’s a good result.

“When I took the decision to put the club up for sale in September I made a point of saying two things were very important.

“Firstly, any potential buyer would have to show they had the best interests of Newcastle United at heart and had both the commitment and finance to be worthy custodians of such a fine football club before I would even consider doing a deal.

“And secondly, I gave you my word that as long as I remain owner, this club would continue to be run responsibly at all levels. I hope you will accept that I have stood by that pledge.”

Ashley’s hand has clearly been forced by the financial nuclear winter we find ourselves in, but is his decision to stay good news for Newcastle? On the one hand, it will provide stability for a club that has been dilly-dallying over player contracts, managers and future plans. On the other, if the once-popular owner is unwilling to invest more into the club and is only sticking around because he has to, then the future remains uncertain for the St James’ Park faithful.

So, is his decision to stay a good thing? Votes and comments below, please…

1 response so far
  • mrmalcolmmustard // December 28, 2008 at 4:55 pm

    As I have said before, if you have only got rubbish to sell then take it to a car boot sale!

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