Cash from stadium naming rights to go on players.
Posted on November 1st, 2009 | 70 Comments |
Ashley has apparently insisted the naming rights won’t go cheap and he’s looking for £6m a season before he’ll sell off our heritage.
A Toon source (that lad again) said:
“But all he is asking is for the fans to sit back and take a realistic look at the situation.
“It is costing him £3m a month out of his own pocket to run Newcastle and he is trying to look at other ways of raising revenue – the St James’ Park name is one of his few valuable assets.
“But he is not going to flog the name of the stadium to the first bidder.
“He is looking for a significant figure for the stadium naming rights and if he gets it, all the money will go to help Chris Hughton strengthen the team.”
The source goes on to claim that none of our young, up and coming stars like Nile Ranger and Andy Carroll will be sold as these are the ‘rewards’ of the clubs investment in youth.
“Mike has to run the club as a business and at the moment it is probably in a better state than 50 per cent of teams in the Premier League.
“Yes, Mike has made mistakes, none more so than the appointment of Dennis Wise as director of football, but what has not been a mistake is the way the club is now reaping the rewards of unearthing young talent.
“Mike is absolutely delighted at the way the likes of Ranger and Andy Carroll have come through.”
Mike Ashley is however still only here until the right buyer comes along.
“If someone with real financial clout came in, like Sheikh Mansour did at Manchester City, then Mike would sell it overnight.
“He accepts that the Newcastle fans are never going to love him, not until he gets the club back into the Premier League.
“But he just wants the fans to love their team and he has been thrilled by the way they have done this season.”
On a related note, The Mirror reported that Adidas are leading the bid to become the new owners of the stadium name. Adidas, who are already our kit suppliers, want to call the stadium the ‘Adidas Arena’ and are hoping to win over a reluctant Geordie public by naming one of the stands after Sir Bobby Robson.
With the contract for supplying kit due to be renewed next season, Adidas are hoping they can clinch both kit and stadium as part of a £20m deal. A source from Germany said:
“Adidas feel they are in prime position to win the naming rights as they have a long and proven relationship with Newcastle. But they are aware that there is hostility to changing the name and know they will have to tread carefully.”
doubt it!