Newcastle United's prospective summer buyers 'priced out' of deal by Mike Ashley
Newcastle United owner Mike Ashley must lower his asking price for the club in order to secure a sale, according to publication Forbes.
A report on the magazine website claims United are overpriced at £350million – hence why Sir Jim Ratcliffe, known as Britain’s richest man, pulled out of negotiations to buy the club in the summer.
“Obviously people talked to us about Newcastle. But you come back to a valuation in the hundreds of millions and it's very difficult to contemplate,” said Bob Ratcliffe, chief executive of chemical firm INEOS – who could have been NUFC’s new owners had they been priced more competitively.
The report states: “While what he said paints a picture of an inflation issue within the Premier League itself, it goes to prove what many of Ashley’s critics have said; he is pricing himself, or more pertinently, Newcastle, out of a deal.”
Meanwhile, Newcastle were reported to have the 38th most valuable squad on the planet last week – here’s how that value is broken down, player-by-player.
Michael Chopra has hit back at Steve Bruce’s claim he “lied” about Newcastle United players not knowing their jobs – but says he hopes the manager is a success.
The striker drew an angry response from Bruce after claiming, on national radio, that “senior” players at the club had told him that some of the team “didn’t know their jobs” in the 3-1 defeat to Norwich City.
Elsewhere, emotion and nostalgia aplenty in this piece as former Newcastle United rising star Tony Lormor discusses his battles with cancer and looks back on his time with the Magpies in the 1980s.
Lormor also talks about Wallsend Boys Club, his experiences of throwback hero Mirandinha and legend Paul Gascoigne.
And this would be big news for the city.