Whole New Ball Game

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Whole New Ball Game

Billionaire takes £130m gamble on Newcastle

May 24th, 2007 · No Comments

Michael OwenBusinessman Mike Ashley has launched a £133.1m ($263m) offer for Newcastle United Football Club.

The quite-clearly-mentally-unstable Mr Ashley made the offer for the original white elephant after his company, St James’ Holdings Ltd, bought a 41.6 per cent stake in the club for more than £55m.

What’s even worse for Ashley is, under stock market rules, the poor bastard has now got to make a cash offer for the rest of the shares.

It never rains but it pours, eh?

Put it this way we don’t even touch Newcastle when playing Football Manager…and that’s just a computer game.

Tags: Football · Latest

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