Jul 04
American Investors Interested in Newcastle Takeover
Mike Ashley, owner of Newcastle United has met an American investment group about the possible sale of the club. Ashley flew to New York to meet the Americans for casual talks. The American Inter-Media Partners is a private equity fund. The BBC is reporting that Ashley wants a staggering 420 million pounds, roughly 840 million dollars. Ashley, when he bought the team last year only payed 134.4 million pounds.
I think that Ashley has gotten a little greedy. On the other hand, If he can get them to pay that outrageous sum, more power to him.
What do you think of the potential American takeover? Leave your thoughts below.
January 19th, 2011 at 10:21 am
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