Has Newcastle United owner run out of cash already?
by stresster on July 11th, 2008Jonas Gutierrez is the only player to have arrived at St James’ Park this summer and Newcastle fans have every reason to be worried when they read that owner Mike Ashley is seeking outside investment to bolster the transfer coffers.
We’ve already read about trivial cost-cutting measures being imposed at the club next season, such as the players having to fork out for their own suits - a drop in the ocean when you consider the big bucks that Mark Owen and Mark Viduka are earning. However, The Independent reveal that Ashley is looking for some big-hitters to appear on the scene and share some of the financial burden with him.
Ashley said of a 100 per cent sale, “That is not true,” before adding: “I would say that I am keen to have partners in Newcastle. That’s a very expensive seat I sit in.”
However, the Newcastle owner does have standards, retorting to a question about the Bin Laden family investing in United with the following quip:
“I think I’ll start with people from Newcastle not in some cave in Afghanistan.”
Jokes aside, it seems as though Newcastle’s robust owner is feeling the pinch in these hard times in which we live. Will Kevin Keegan have just a minimal budget with which to improve the squad? He wasn’t able to spend any money in January and there’s just over a month before the start of next season - how many players will he be able to sign?
We're giving you £10 FREE so show some bollocks and BET NOW!
Tagged Under: kevin keegan, mark viduka, michael owen., mike ashley, Newcastle FC



Wayne - July 11th, 2008 at 7:09 pm
After the first line i stopped reading as its just wrong, keep up to date will you!
furrygiblets - July 11th, 2008 at 7:13 pm
Where do you people come up with this crap. I think you should be working for the national press as it’s pretty much the same shite they write!
Tom - July 11th, 2008 at 7:13 pm
I don’t think its anything to worry about. We’ve had years and years of wreckless spending, and a few controlled years building up a “team” rather than a bunch of mercenary’s, and getting the club on a solid finacial footing is important. The only people worried about this are the people used to the star signings and for some reason a “newcastle insider” who apparently works for some of the tabloids and spreads vicious rumours about us. Ashley didn’t become a Billionaire by accident and he’ll build us up from the ground up rather than Shepherd who papered over the cracks with big name failures….
gimps - July 11th, 2008 at 7:14 pm
another load of bollocks penned by the geordie hating softy southerners, who cant even name the players correctly.
If you havent got a clue , stop making crap up and let us live our lives in peace.
the voice of reason - July 11th, 2008 at 7:51 pm
well we obviously had at least two mil for guthrie
UTD111 - July 11th, 2008 at 8:08 pm
Who’s Mark Owen???
Are you real?
dave - July 11th, 2008 at 8:17 pm
obsessed with football shame you know fuck all about it.
dave - July 11th, 2008 at 8:23 pm
Keep an eye On that MARK Owen…….. I reckon he is going to be a hell of a player!!!!! I’m just a bit concern about his Take That commitments!…………………….. and you expect people to believe this crap? Check out how much Ashley is worth and also what he received when he floated on the stock market………. run out of money? your having a laugh mate!!!
Toon Andy - July 11th, 2008 at 8:24 pm
Mark Owen? Only one signing this season, just minutes after our second?
As the rest have said, get off your geordie-hating high horse and go back to supporting which ever crappy little London side you have the misfortune of following.
phil - July 11th, 2008 at 8:24 pm
as above!!!!!!!!
zag - July 11th, 2008 at 10:44 pm
Danny Guthrie? Couldn’t get a first team place at Bolton last season? Signs for toon for 2 million? Worried much? I am!!!!!!!!
Dumbo - July 11th, 2008 at 11:46 pm
1 word for you at this rate
relegation o clock
your best players are going to the gooners and spurs
mike ashley spent all his cash on pies
and hes now looking for someone else to bail him out of a mess
im not putting newcastle down in anyway , its just sad that some of these big money people come along mess things up for the fans
chuck - July 15th, 2008 at 10:27 am
C`mon guys, get real , you are all in a state of denial.
The obvious is staring you in the face , but you refuse to recognize it.
Ashley is a tight wad, how much has he spenton players since he arrived ?
Yeah yeah he paid off the debt of whatever amount and the team is debt free, so what , thats all about business practice.
Look he ended up as the major shareholder, which effectivly gave him control of the team, not satisfied he forced the sale of the small amounts owned by the clubs supporters, a control freak ?
Well as it turns out the downturn in the economy effected his business interests , took a big hit.
Now he cant afford the team.
I understand his predicament, it takes megabucks to run a major PL team and the alternative is to become heavily indebted like arsenal(cost of new stadium) Man. U. levareged to the max. Liverpool effectively owned by the BOS, with a new stadium still a pipe dream.
Seems Chelsea and Citeh. are the only clubs with owners so wealthy they can be run at a loss (rich mens toys)
Even with the wealth generated by the media ,most PL teams are struggling to make a profit, due to the cost of being competitive.
Dont expect too much in the way of big signings folks, theres an austerity program in effect.