Many Newcastle United fans have been reacting to reports that retail tycoon Mike Ashley has invested a 10% stake into designer clothing company Hugo Boss.
According to the Chronicle Live, Fraser’s Group has invested around £186m in June on just over 7m shares in the German fashion chain.
The fans are desperate to hear answers, having been left in the dark regarding the club’s £300m proposed takeover by the Saudi-based Public Investment Fund (PIF). It remains to be seen whether this will make a difference to the deal.
Will Mike Ashley's stake in HB have an effect on the takeover?
Yes
No
The Sports Direct owner is a hated figure among the St James’ Park faithful after making a series of controversial decisions over the years. Lately, he refused to communicate to fans on refunding tickets following the temporary suspension of the 2019/20 campaign.
Taking this into consideration, supporters were not convinced by Ashley’s actions and made their feelings clear on social media. One fan believes that any chance of the season ticket money being refunded to fans has now gone.
Got some money coming his way
— Jack 🇸🇦 (@jchaytor16) June 30, 2020
Something don’t smell right 🤨
— Minsh (@PaulMinshaw) June 30, 2020
Remind me never to buy Hugo boss gear again
— Ozvaldo Mendez (@anthtonyanth) June 30, 2020
https://t.co/4vecpo50bw
Something strange and interesting .. News broke out a short time ago that his company suffers from a lack of cash flow!👀🤞— SALMAN (@l_005) June 30, 2020
Your spending cash like it’s going out of fashion @MoneyMikeAshley #nufc https://t.co/OYoYu623iy
— steve wraith (@stevewraith) June 30, 2020
Next seasons season ticket money gone 👌
— Tony Shaw (@shawt1974) June 30, 2020