Writer: Ross Molyneux
Date:Thursday June 7 2007
The good news for all Newcastle fans waking up is that Mike Ashley is set to become the new owner of the lads, having finally forced Freddie to sell up. There is however one rotund problem still remaining - the Shep. He`s managed to wangle staying as chairman of the club whilst Ashley funds from the shadows as an Abramovich type figure.
Obviously this isn`t ideal given Shepherd`s chronic mismanagement of the club but we see it as only a matter of time before Ash wields the axe. Maybe it`s just FFS`s idea of a dignified exit? Either way it seems to have effectively ended any control the fella has in the club.
Ashley`s options have broadened considerably. Shepherd`s recommendation is that all the shareholders accept Big Mike`s offer of a £1 a share so it seems only a matter of time before he has the 90% needed to take the ship back into private ownership. Given Ashley`s recent issues with the rigidity of the Stock Exchange following his flotation of Sports World it seems like this seems the natural course.
All that remains now is for some clear intent to start coming public - I like the sound of the David Dein idea but apparently, as our Arsenal sources keep saying, he`s hanging fire on getting involved until Stan Kroenke plays his hand with a Gunner`s takeover. I`m sure we`ll know soon enough…
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Date:Thursday June 7 2007
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