Newcastle United: Fans fume at latest Lee Ryder takeover report

Loads of Newcastle United fans are fuming at the latest takeover report from ChronicleLive writer Lee Ryder after his article was shared on Twitter.

The journalist explains why he thinks Mike Ashley should drop his asking price for potential suitors of the proposed takeover. As per the report, the Tyneside club have been for sale since 2017 but market conditions are changing by the day.

According to Ryder, some members of the Toon faithful were calling for the asking price to be raised to £400 million, but one NUFC supporter has said that the club is ‘overpriced’ as seen below. In reality, the club’s owner may be perhaps fortunate to pick up close to the £340 million figure that has been going around, as per the article.

Any buyer will have the added potential revenue from not just football games at St James’ Park, but rugby matches as well. However, according to Ryder, the club’s training facilities are dated compared to other Premier League sides, and so may need some heavy upgrading with whatever potential cash flow the club receives.

These Magpies were fuming at the report, with the majority suggesting that Ashley has overpriced the club:

https://twitter.com/scxttnufc/status/1248930632874569728

The club is overpriced. The FT have value of Newcastle at 250 million. Ashley needs to drop the price by 100 million and also let control of the club shop too. Ashley only got himself to blame for running the club into the ground!

— Sofa Sundays (@187DZA) April 11, 2020

Well he’s not going to drop the asking price. I think we’re well clear on that by now.

Next…

— Hail to the King (@ShotShy) April 11, 2020

I can’t see him reducing the price tbh, I think this actually prolongs his stay with us, he’ll sit it out and wait for the price to increase over the next couple of years. Hope I’m wrong though.

— DJT (@DJT0602) April 11, 2020