Newcastle sale talks ended

[oldcolner]

Newcastle United owner Mike Ashley has ended talks with businesswoman Amanda Staveley over a takeover that could have been worth around £250m.
He wants over £300m. No other offers are on the table and if he doesn’t splash the cash and they get relegated it will only be worth £100m. He still wants to sell,
Ashley has supported Newcastle financially for many years. The £129m in loans he has given the club are all interest free.
His incremental purchase of 100% of Newcastle shares cost a total of around £134m in 2007.
That is a £263m investment in all - leaving him £13m out of pocket on a bid of £250m.

Should make our game next week interesting. Would have thought the loans were repayable separately

[Supersub6]

Good points OC --but you try telling that to a Newcastle fan --they are blind and deaf!

[oldcolner]

Good points OC --but you try telling that to a Newcastle fan --they are blind and deaf!

And hopefully soon to be disappointed!

[alfinyalcabo]

This will be a home game for Ashy..

[Supersub6]

This will be a home game for Ashy..

Always interesting to hear the Geordies pontificating about where, in the grand scale of things, they think they should be, they never have got over Man U pipping them for the title in 1995/6. Shame really --looking forward to 31 January!!