Writer: Talk of the Tyne
Date:Monday August 18 2014
Various parts of the media have cast doubts over Mike Ashley`s intention to stick around as owner of Newcastle United.
This has came to light after speculation that Ashley is set to increase his share in Rangers by underwriting a £4 million share issue seemed to have clarification behind it, this would see him owning around a quarter of the fallen giants.
The bit that has the media's knickers in a knot or as I would say, the wrong end of the stick, is the part about owning two clubs.
Owning two clubs is completely fine, although it becomes a tad more complicated if they enter the same competition. This rules out people owning two premier league teams or teams in the same country.
It doesn't stop owners having clubs dotted around the world with the only competition that us and Rangers could be in together, being the Champions league or the Europa Cup.
It's well documented that the Europa cup is not on any Alan Pardew led agenda with the cash laden Champions league maybe being a financial burden too far to gamble with cash speculation needed first in order to prosper here.
The fact that we have a net spend of nowt this Summer and a majority of fans that are happy, just proves that a little recycling here and there with a respectable finish in the top 10 is sufficient for Ashley's plan of taking out around £30 million of the club to continue unopposed.
Also a fact is that the TV money in the premier league has increased for us by £32 million and it's unspent so far, no one has batted an eyelid about that.
He wont get that freedom at Rangers not to mention it's a lot poorer financially up there.
Free advertising as well as diverting cash away from the club towards his sports business just limits us as a club and Rangers fans maybe have more backbone that us lot to sort this out. Ashley wont fancy any head on battles.
Instead, I can see a similar advertising campaign around the Glasgow ground but he'll stop short of outright ownership.
Date:Monday August 18 2014
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