An article I read in the daily mail from June of 2013 suggested Mike Ashley was hoping to sell the club for £279 million. This got me wondering if that was a realistic sale price? Is Mike Ashley asking for too much, or is he asking for too little?
If the fans are going to develop a successful plan to purchase the club or a portion of the club from Mike Ashley it is important to have realistic targets. I am going to go through some details and known facts below to try and get a ball park range on the cost to buy Newcastle United.
Mike Ashley Purchase Price:
According to most reports Mike Ashley purchased the club for £134 million. After purchase he has loaned the club around £140 million to pay off the clubs debt and pay for the additional cost of relegation. According to the NUFC fan forum £11 million of that debt has been repaid. This brings his current total invested cost to £263 million (£134 million purchase and £129 million in interest free loans)