09-16-2008, 03:05 PM
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#28
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Unfrozen Caveman Lawyer
Join Date: Oct 2002
Location: Crowsnest Pass
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Newcastle owner Mike Ashley is ready to sell the troubled club following a series of protests by angry supporters.
http://news.bbc.co.uk/sport2/hi/foot...ed/7615618.stm
"I'm now a dad who can't take his kids to a football game because I am advised that we would be assaulted," he said.
Newcastle United owner Mike Ashley has discovered that in today's Premier League it is not enough to be an ordinary billionaire owner, you have to be a multi-billionaire.
http://news.bbc.co.uk/2/hi/business/7616401.stm
Mr Bedi says: "I would not say Newcastle United's value is more than £250m, maybe up to £300m, depending on how the debt is positioned now".
So, who would want to buy such a club, which has made a habit of limping from crisis to crisis?
Quite a few is seems. Even loaded with debt, the club is still a potentially attractive proposition and has been linked to a number of potential suitors at home and abroad.
Last edited by troutman; 09-16-2008 at 03:10 PM.
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