There have been many different parties linked with a takeover of Newcastle United since the beginning of the season.
Despite that, Mike Ashley has still yet to seal a deal that would see him leave St James’ Park, much to the disappointment of the disgruntled Magpies’ fan base.
With Ashley being accused of putting his business interests ahead of the club numerous times in the past, it seems strange that he wouldn’t want to sell his stake and escape his role of being the scapegoat.
One of those interested businessmen, Joseph DaGrosa has recently commented on investment in football, but he didn’t have much to say that would fill Newcastle with hope.
“I believe that Europe wins in the short term, but the US will win in the long term because the money is here, the economic power of the United States when it gets behind a project is virtually unstoppable,” he told Eurosport, as quoted by the Shields Gazette.
Given that DaGrosa was so complimentary of the growing force that is football in America compared to Europe, it appears that he won’t be jumping at the chance to invest in Newcastle.
The American already has stakes in French club Bordeaux, so it would make little to zero sense for him to put money towards two European clubs alongside his work with American side Inter Miami.
DaGrosa is helping establish Inter Miami in the MLS as a new club, so to take on more business ventures right now would go against the mission in hand for the investor.
Newcastle fans have surely been left fearing the worst regarding any potential take over, and they will now need to put up with the ownership of Ashley in the near future.