Former Newcastle United star David Ginola has delivered a damning assessment of the club’s current ownership situation and suggested that there is no future for them under Mike Ashley.
The Magpies endured a lengthy summer of protracted takeover talks with the club having been the subject of a £305 million offer from a Saudi Arabia-based consortium, as per Chronicle Live. However, eventually that offer was taken off the table leaving Ashley still looking for potential buyers.
Newcastle did at least manage to invest in their squad in the transfer window, with the slight prospect of more to come during the domestic window which remains open until October 16. The Magpies ended up signing both Callum Wilson and Jamal Lewis for a combined £35 million, with the rest of their business so far arriving on free transfers.
Speaking to Sky Sports though, Ginola suggested that the Magpies have no future under Ashley’s ownership and the club still needs to find someone with more ambition, despite what could be considered a relatively good summer transfer window.
He said: “Football has been a business for a while now. A massive business for many reasons and for many people these days. It is relevant to say that Mike Ashley is trying to find the best deal around.
“For Newcastle United, benefit for the club I don’t see any right now. It depends on who is going to step over and bring probably a new stability to the club.
“This is very important for me because for 20 years Newcastle have done nothing at all, rather than swapping managers or people that are inside the club, but no result no main result. No stability, no future.
“So now the fans at Newcastle the Geordies they need a future, they need a club who look promising on players on the manger, on everything and I hope it’s going to be like that (in the future).”
All Newcastle supporters will echo Ginola’s thoughts here, as the Magpies are still desperate for a fresh start under more ambitious owners who will put more investment into the squad. Ashley did eventually recognise the need for funds to be made available for Steve Bruce this summer, and there was some solid business done.
However, Newcastle splashed the cash last summer on attacking players like Joelinton, but were still one of the lowest ranked sides in the league for chances created and possession. Ginola is right to say there will be no hope of genuine progression until the club comes under new ownership. Hopefully that can be resolved, but until then Bruce will need to keep getting the best out of funds available.
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