Takeover stumbling block revealed

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The combination of Newcastle United and Mike Ashley simply do not go together well.

The controversial business owner continues to ruffle the feathers of the Magpies’ faithful as every day goes by, with countless numbers of ludicrous decisions being made in the board room.

It was the summer that all Newcastle fans were dreaming of at the beginning, as the Sun reported that the Bin Zayed Group were on the verge of completing a takeover of the club.

That didn’t take place, and then Rafael Benitez left St James’ Park, leaving many Newcastle fans surely distraught and thinking the worst ahead of the new season.

After that, there were rumours that Ashley had taken the club off the market, but the Chronicle put those whispers to bed by revealing in September that he is still open to offers of up to £350million.

The rollercoaster of any potential takeover continued when the Chief executive of INEOS, Bob Ratcliffe, revealed to BBC Radio 5 Live, as quoted by the Daily Mail, that they considered a move for Newcastle but decided that the price of Premier League club’s were simply too high.

In a report on Saturday night by the Chronicle, they claim that the price of the club is a major stumbling block for any potential investors.

The regional newspaper claim on their website that Ashley is unwilling to go any lower than the suggested £350million asking price – something that is surely set to see him extend his stay in the North East.

After numerous reports, such as the INEOS story being released, Ashley clearly isn’t getting the message that his asking price is way too high and that companies simply don’t want to pay that much money for a club that are somewhat in limbo.

Any new owners would not be receiving a squad that has been added to year by year, and even the training ground has yet to be updated this season.

Ashley must get the message and lower his price before falling even more out of favour in the North East.

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