Newcastle United fans given promising takeover update by talkSPORT host and Mike Ashley’s pal Simon Jordan

Newcastle United fans given promising takeover update by talkSPORT host and Mike Ashley’s pal Simon Jordan
Newcastle United fans have been given a positive update on a potential takeover of the club.Mike Ashley, the much-derided owner, has had the Magpies up for sale for more than 12 months.2

Mike Ashley [right] is willing to sell Newcastle after a tumultous 11 years as owner

A deal with businesswoman Amanda Staveley looked to be close before Ashley ended talks earlier this year and there appears to have been little movement regarding a change of ownership since.But, according to former Crystal Palace chairman Simon Jordan, the Sports Direct tycoon is serious about selling up and could relinquish control of the Premier League outfit as soon as January.Jordan knows Ashley well and told talkSPORT: Hes looking to sell. Absolutely hes looking to sell.Unequivocally this time without a shadow of doubt from my vantage point without actually having spoken to Mike for a significant passage of time, reading the signs, knowing how deals get done. Last year when Staveley came to the table I pretty much said: This deal will not get done, it will not get done’.This time theres a different feel to it, theres a different metric to it and look from it. Ashley is going to sell this football club. Now its not going to hold them back in January from spending money because if he has to spend money he will add it to the ticket. If he doesnt have to write a cheque for it someone else is paying for it and so be it.2

Simon Jordan believes a Newcastle takeover could happen soon

With Mike I absolutely believe he should sell. I believe he will sell this time, I dont believe its a PR spin.If I was him I wouldnt want to be there anymore. Its so toxic and debilitating for everyone at the football club hes never going to recover from the impression that hes not there for the football club when they need him.”Former Manchester City chief Garry Cook is reportedly leading a consortium interested in buying Newcastle.AndJordan says a deal can be done quickly once any party meets Ashley’s valuation, thought to be around 300million. Youd be surprised, said Jordan, when asked about the speed of a sale.Due diligence on a football club isnt that hard. Ive bought one.“People make it into a production but it isnt that that much to look at you know what the revenue streams are, you know what the threat and challenges are, you know what the playing squad is worth and you know what the inherent liabilities are.If theres a will (to pass the Premier League checks quickly), theres a way.

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