Time For Change

Rumours have been doing the rounds over recent weeks of various parties being interested in buying Newcastle United.

Things came to a head at the Liverpool game when Amanda Staveley, allegedly managing a $28Bn portfolio, attended the game with rumours rife that she represented wealthy clients who were interested in a potential bid for the club.

Today, things took another step forward as the club issued a statement confirming that Mike Ashley was once again making it known that the club is now for sale.

This is what the club said on the Newcastle United Official Website:

As a result of increasing press speculation regarding the future of Newcastle United, the owner of the club, St. James Holdings Limited, wishes to clarify its intentions.

As one of the Premier League’s oldest and best supported football clubs – and for the benefit of its many fans and supporters in the UK and across the world – Newcastle United requires a clear direction and a path to a bright and successful future.

To give the club the best possible opportunity of securing the positioning and investment necessary to take it to the next level, at what is an important time in its history, its present ownership has determined that it is in the best interests of Newcastle United and its fans for the club to be put up for sale.

To give an incoming owner the maximum possible flexibility to make meaningful investment in the club, including in its playing squad, the sale process will give interested parties the opportunity of deferring substantial payments.

A process will now commence of identifying new ownership for the club that will be capable of delivering the sustained investment in and dedication to the club that is necessary for it to achieve its ambitions.

Who will buy the club? Arabs? Russians? Chinese? Americans? Your guess is as good as mine!

But one thing is clear. Here we go on another rollercoaster ride without knowing what the destination will be!

As ever, in the many years I’ve been supporting the mighty United, there’s one thing that is always guaranteed – there’s never a dull moment!

What do you think? As ever, we would welcome your comments, opinions and views below (We use Disqus).

You can also join the discussion at the UTD111 Forum!

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  • LeroyGibbs

    Kinda depends who we get next. Another miser for another 10 yrs would be a disaster.

  • Clive Lancaster

    Whilst i welcome the news with great excitement and will join the party if and when it happens… let us hope that if someone buys the club they have a good understanding of what English football is, and what it is not ie soccer. That they take time to find out what football means to the city of Newcastle. What it means to be a Newcastle United supporter. What it means for us to be in the Premier League. The importance of our home ST James Park. The importance of our colours. Our history. Our famous players and managers. The list goes on…….

  • I think you’ve summed up our concerns perfectly Clive.

    My own view is “a cautious welcome” for the news – but we’ve been here before with Ashley, and you never know what he’s REALLY up to.

    I hope he means it this time as even though he’s a billionaire in SD shares, he doesn’t have the free cash needed to invest in a club this size – even if he was willing to.

    The other side of the coin is “who will we get”?

    I’d like the Dubai Royal Family – but will we get someone like the Venkys?

    Mick