Originally Posted by
ghostrider
It's clear and blatant to see at the time that Newcastle United was in serious trouble.
Forget Ashley's this and that for the moment. Take him out of the picture and look at it from the point of view of having Hall and co with their stakes.
Where was the club going from that point on?
The club was in serious debt.
John Hall had no money to bail it out and neither did Shepherd. The bail out money was used up. It was used up because it was money borrowed from banks and money spent ahead of time on sponsorship income, down to money owed for transfers in.
Basically a mountain of debt that nobody could pay.
This is regardless of Abramovich. He just made the situation untenable for many clubs but we were in serious trouble.
Shepherd apparently didn't want to sell his shares. Shepherd and Hall could've maybe tried to get someone onboard to aid them with a cash injection other than Ashley....but looking at the debt, how could that be sustained?
If John Hall and Shepherd had decided to turn down Ashley's offer and carried on running the club...tell me....anyone....seriously, where do you think the club would've ended up and tell me why?
There's a very good reason why I back Ashley, regardless of the club not being in the dizzy heights of the premier league.