Newcastle United owner Mike Ashley is set to offer prospective investors fresh terms over a potential takeover deal as fears of the club’s relegation are all but ended, according to the Chronicle.
The newspaper claim on their website that having been up for sale for over a year, the Magpies’ standing in the Premier League table, languishing at the bottom and in a fight against relegation, had those interested in buying the club fearful about the future, with a £300million price said to be on the club.
However, with Rafael Benitez having guided Newcastle to the brink of survival, it is stated that Ashley is ready to offer a new package to investors in the summer in a bid to end his time on Tyneside this year.
So much of Newcastle’s future has depended on whether the club remain in the Premier League and understandably so. Ashley took a gamble when the Magpies were last relegated by keeping so many high earners on the books and putting his money on Benitez to guide the club back up – which he achieved. Now back in the top flight, it is imperative, mainly for financial reasons, that they stay there. It is obvious why an investor would be worried about the club dropping down into the Championship again as they weighed up a potential big money offer to buy them from Ashley, but with top flight football looking a certainty, negotiations can start up again. It seems that the current owner is still desperate to get his money and run and when you consider his multiple businesses on the side, you just know his priority is not Newcastle United. The sooner it happens, the better for the Toon Army, who have been forced to endure a time of austerity under their current chief.