That's the point though, you were a good side but it was a very brief spell in the overall scheme of things as it wasn't the team you really are. This is what I've explained as you've never been a top 10 team prior to the Hall era. That Hall team was a team heavily financed due to the developing and growing Premier League, the increased revenue from TV money, developing Champions League etc. Leeds and Blackburn did the same as the gap between the big teams (wasn't as many then) wasn't as much as it is now. They both failed to survive the risks of spending big chasing the big money that was coming into the game and they eventually faded away into obscurity. Hall admitted he knew the game was up in 2003 when Chelsea started spending daft with Abramovich as Hall said this. Notice how it took a few years to sell his shares anarl so there wasn't really a queue of people waiting to buy into the brief 'success' you'd had.
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It had been an exhilarating decade-and-a-half for
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at Newcastle, but the property developer knew his time as a football owner was coming to an end by June 2003. The moment Roman Abramovich acquired Chelsea and starting pumping hundreds of millions of pounds into the club, Sir John knew he could no longer compete. “It took a few years to sell. I’d gone around Europe chatting to people and trying to find a buyer,” the 84-year-old explains about how his 16-year ownership of the club came to an end.
“Then one day I got a call from an agent saying: ‘Do you want to sell your shares?’ I replied: ‘Yes, I want £1 a share.’. He explained that he had an interested party, so I went down to London and I only went down for the day initially. When I got there Ashley’s team ushered me into a huge lawyer’s office of people. Literally they wanted to do the deal there and then. I said: ‘What about due diligence?’ They said: ‘We don’t want to do due diligence, we just want to do it quickly.’”
The Sports DIrect magnate paid £55,342.223 - £1 a share - for Sir John’s 41.6 per cent stake in United. Ashley even forwent the opportunity to perform due diligence, which is normal practice with such sizeable deals, because he was so keen for a swift deal. “I got slated – by Douglas and Freddy – but I felt it was the right thing to do at the time. And I stick by it, to this day.”
Hall knew the money required to compete with the likes of Chelsea spending millions was ridiculous as the game was developing. Man City obviously came along in 2008 and made it even harder to get into Champions League. Ashley came along eager as owt as he jumped in stupidly without checking the full financial situation of NUFC. He simply didn't have the extra money to throw at NUFC as he ended up hoying in £140m to pay off the debts to stop the interest. They also had a high wages to revenue ratio also plus the club being relegated in his 2nd season didn't help the revenue. Imagine if he'd been able to spend that on players though, things may well have been different but he couldn't and you'd reverted back to the team you were prior to 1992. It's as simple as that really.
what a whopper you are.
