Northumberland Rocks
Striker
The real culprits in this are Hall and Sepherd and they have got away scot free. They built the club on sand with bank loans and inflated the jordi ego so they have their delusions of grandier way higher than what it should be. If Ashley had done his homework he wouldnt have touched them with a barge pole and they would have been in administration. They have a lot to thank him for but they are stupid.If Ashley had sold the advertising space, he could have used the money to pay himself the interest he should have received on the loans he made to keep the club afloat. He could also also have paid himself a wage and a dividend like Shepherd and Hall used to do. This would all have been above board. And cost the club a lot more than the benefit he received from this so called free advertising, but that’s Mike, always putting the club first.
He’s only asking for £150m for the club and for whoever buys it to also pay him back the £150m loan that the club owes him, yet despite being one of the worlds biggest clubs in some people eyes, no one is really interested at that price. What Ashley should do is repay all the loans he is due and then he can sell the club for £150m.
It would be interesting to see if he can attract a buyer (with the the actual cash) at that price , but even better to see the meltdown up the road as he starts to use the tv money to repay the debt.