Does Mike Ashley own 100% of Newcastle?
As of 15 June 2007, Ashley owned a 77.06% stake in Newcastle United, on course to withdraw the club from the stock exchange having surpassed the 75% threshold required. 100% acquisition was achieved in July with Ashley paying a total of around £134 million to buy the club.
Which football team does Mike Ashley support?
Mark Lawrenson “Mike Ashley is a Tottenham fan…
Why did Ashley sell Newcastle?
Ashley was hated by the club’s fanbase and had been desperate to get him out of the club. They bemoaned the decisions he made and the lack of investment in the club and playing squad. Supporters are now hopeful that under the new owners, who have a reported wealth of £320billion, things will be different.
How much did Mike Ashley get for Newcastle?
£305m
Also in the report was confirmation of the sale of Newcastle United, which Ashley owned through a subsidiary called St James Holdings, and which took place after the reporting period: “The total consideration paid to St James Holdings was £305m.
Who actually owns Newcastle?
PIF became the majority shareholder and de facto owner of the club, with 80 percent of the shares. The public face of PIF has been Yasir Al-Rumayyan, who is Governor of PIF, and Chairman of Newcastle United.
Who owns Newcastle FC?
On 7 October 2021, the club was bought for £300 million by a consortium led by the Saudi Arabian government’s sovereign wealth fund….Newcastle United F.C.
| Full name | Newcastle United Football Club |
|---|---|
| Owners | Public Investment Fund (80%) RB Sports & Media (10%) PCP Capital Partners (10%) |
| Chairman | Yasir Al-Rumayyan |
Did Ashley sell Newcastle?
Mike Ashley celebrated his £305million sale of Newcastle United with a five-hour drinking session – in which he tipped a barmaid £5. The Sports Direct chief ended his much-maligned 14-year reign at St James’ Park on Thursday, hitting the town after banking the eye-watering fee.
How much profit did Ashley make selling Newcastle?
Strawberry Place was sold to Ashley for £6m (without a public bidding process to maximise the return for the club). Subsequently he sold the land for £9m. A £3m private profit for the owner that cut the club out.
How much is the New Castle owner worth?
His net worth is $7 billion. Behind him is Wolves owner Guo Guangchang ($5.9bn), Tottenham’s Joe Lewis ($4.8bn) and the owners of Manchester United, the Glazer family ($4.7bn). According to a video from Tifo Football, Newcastle’s new owners make up a massive 83% of the division’s total owner wealth figures.
Are Newcastle actually the richest club?
Newcastle United are today considered the richest club in world football, a label that’s an extension of the deep pockets of the club’s ownership group which on paper has the capacity to outspend other teams.