Archive for tag: Mike Ashley’s £100 million Sports Direct windfall.

How would YOU spend Mike Ashley’s £100 million windfall on Newcastle United?

February 26th, 2013 | 74 Comments |

Mike Ashley.
Ashley: £100 million windfall.
It may not have escaped the attention of you fans out there that Mike Ashley has recently had a windfall of around £100 million after selling aprroximately 7% of his holding in tacky sportwear retailer, Sports Direct.

Reading about it in the Guardian’s “Market Forces ‘blog” this morning as I enjoyed my Eggs Benedict. I noticed this part of the article:

“Supporters of Newcastle United, which Ashley owns, must be hoping some of the money is destined for new players in the summer.”

Which made me curious. If YOU were Mike Ashley, and you wanted to invest the whole of that £100 million in Newcastle United, how would you spend it?

After all, Ashley and his Tat Direct have already had tens of millions of pounds worth of free advertising out of the club, so it would only be fair! Of course, as Ashley is as tight as a gnat’s chuff, it probably won’t happen. But nonetheless, I thought it would be an interesting excercise in seeing how you might want to improve the club. (more…)