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Reasons why Mike Ashley hasn’t sold Newcastle United contained in special Bloomberg report

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It is 11 years since Mike Ashley told Newcastle fans that they should stop their protests after he forced Kevin Keegan out, informing that they didn’t need to worry because he was selling the club as soon as possible.

It says everything about the joke of a way that Newcastle United is ran, that when Bloomberg approached Newcastle United about this report, they were told to go and speak to the Sports Direct media team, who then ‘declined to comment.’ As for Peter Kenyon, the report says that they also had an inside track on that and their source told them that if indeed they had convinced Mike Ashley to sell, the purchase would have been funded by funds from American investors as well as debt.

Mike Ashley still owning Newcastle "He seems to have difficulty letting go and has prices in his head that he won’t go below."



It is now 72 days since Mike Ashley popped up on our TV screens to tell Newcastle fans that a sale of the football club was now imminent, that ‘hopefully’ a sale would even be completed within four weeks (by the end of December 2018).

Many/most Newcastle fans doubt whether there has ever been any intention by Mike Ashley to sell Newcastle United, believing that the benefits are far too great for his business empire overall, for the Sports Direct supremo to ever consider selling.

Bloomberg state they talked to two people who had been involved in attempting to do business with Ashley as buyers [not necessarily of Newcastle United] and they told them ‘he’s tricky to negotiate with, mainly because he’s suspicious about the terms of the offers.’ They quote Clive Black, director and head of research at Shore Capital, and maybe he has the most telling line… ‘when it comes to selling he seems to have difficulty letting go and has prices in his head that he won’t go below.’ So basically, it backs up everything Newcastle fans have come to understand/accept about Mike Ashley.

A special report from Bloomberg, who special in finance/business reporting, has thrown some extra light on the darkness that surrounds Ashley’s ongoing ownership and non-sale of NUFC.
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