Long suffering Newcastle United fans face further uncertainties about the future of the club. Two American companies are said to be in the market to buy Newcastle. The usual broker in such deals, Keith Harris of Seymour Pierce, has described the potential purchasers as ‘wealthy investment funds’ and the ‘people behind them [are] first-rate’, but nothing is guaranteed. There have been suggestions that Ashley may be prepared to stay at the club, working in tandem with local businessmen.
Long suffering Newcastle United fans face further uncertainties about the future of the club. Two American companies are said to be in the market to buy Newcastle. The usual broker in such deals, Keith Harris of Seymour Pierce, has described the potential purchasers as ‘wealthy investment funds’ and the ‘people behind them [are] first-rate’, but nothing is guaranteed. There have been suggestions that Ashley may be prepared to stay at the club, working in tandem with local businessmen. That possibility will upset many fans, with the newly formed Newcastle United Supporters club threatening to step up their boycott of official club merchandising at Ashley’s leadership. Ashley bought the club for around £140m and spent another £100m reducing debts. He is alleged to be seeking a price of around £280m which would give him a good profit on the deal. Whether he can secure such a sum remains to be seen. Newcastle fans would like the whole matter sorted in time for Christmas.