Wednesday, May 23, 2007

Newcastl United get Buyout Offer

Mike Ashely (girls name, but lots of money) has made an offer to buy out Newcastle United, paying 1 quid a share. Given the price only a few years ago was around 20 pence, thats a pretty good markup (stock closing before the announcement was at 84 pence).

He has already bought out Sir John Hall and his family (I really hope that means Douglas has gone the distance) - now he just needs to persuade Freddie it's time to sell (it is Freddie, in case you're looking here for some advice).

Anyway, I pray Mr Ashley (who just happens to have floated Sports Direct recently, earning himself a nice round 900 million quid) has honorable intentions, and wants to see Newcastle at the top of the league and winning trophies, something which hasn't happened since before I was born...

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