A section of Newcastle fans have been reacting on Twitter after it was reported that Mike Ashley has bought British retail company House of Fraser.
The news outlet revealed on their website that the Sports Direct tycoon, who already has an 11% stake in the business, has agreed to buy the struggling UK department store chain for £90 million, according to Sky News, after the business went into administration.
Following the takeover, Newcastle fans have been reacting to the news about their current owner’s business activity, which has left a very bad taste in their mouths.
Nothing But Newcastle have rounded up some of the best tweets below:
What position does he play? https://t.co/EylVhK2EQd
— Alan Shearer (@alanshearer) August 10, 2018
So he's spent £90m on a store that's losing money but can't invest in a Newcastle team that could quadruple his investment. I hate this bloke. #ashleyout #NUFC
— Paul ⚫️⚪️NUFC⚫️⚪️ (@Paul23106948) August 10, 2018
https://twitter.com/simonblack73/status/1027855292934053889
Club transfer record finally broken. #nufc
— James Price (@wyjprm) August 10, 2018
Is that where all the money has gone?
— Dr Dave mcp (@davemcp) August 10, 2018
That’s where all funds generated by Newcastle have gone to buy house of Fraser and mike Ashley had clearly been working on that deal and left Newcastle alone cause he doesn’t care #NUFC #Ashleyout
— Steven Ready (@StevenReady24) August 10, 2018
Impromptu House of Fraser advertising boards already shipped out to SJP.
— Chris (@chrisallen89) August 10, 2018
OPINION
Newcastle fans have not taken the billionaire’s latest business proposal in the finest of manners, leaving the supporters livid that Ashley has flashed the cash for House of Fraser after the club ended the transfer window yesterday having spent very little on new players. In fact, the club closed the window having made more than £20m in profit. However, this has left Newcastle boss Rafael Benitez filled with frustration as the club only managed to bring in Fabian Schar for £3m, Federico Fernandez for £6m, alongside a number of transfers with undisclosed fees and a couple of loan deals. If the Sports Direct owner is willing to spend so much money on buying a company then the question should be asked of why he cannot supply Rafael Benitez with the transfer funds he has been craving to develop a squad that could have built on their top half finish in the Premier League last season. The failure to back Benitez could leave Newcastle in a dangerous position regarding relegation, with the Magpies set for their second year in the top flight after winning the Championship two years ago.
