Date: 30th May 2009 at 10:21pm
Written by:

The Sunday Times is today running a massive article, including quotes from Mike Ashley, stating that the club is for sale again. With an agreement still to be reached with Alan Shearer, this looks to be one of the reasons for failing to agree a contract as yet. Ashley said:

“It has been catastrophic for everybody. I`ve lost my money and I`ve made terrible decisions. Now I want to sell it as soon as I can . . . advisers will be appointed shortly.

Of course I regret it. I never said I was an expert in football clubs. I was just a fan – although a very wealthy fan. But I`m not so wealthy now. I put my money into it and I tried my best. But I accept my best was woefully short. I am genuinely sorry for everybody about what has happened.”

The words of a beaten man and beaten financially. On top of his Sports Direct failings this year, it looks like £100m would be enough to buy the club, a whopping £134m loss on his investments and initial purchase fee. The kid in a sweetshop act looks to have finally be rumbled and he`s running with his tail between his legs. Magic. The only problem seems to be £100m is a hell of a lot of money in the current financial climate for a Championship club.

Let`s hope they can see potential!