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Unbelievable…Newcastle is on the way to have “new” owner?

St. James ParkOnly just a month after Mike Ashley has completed his take over of Newcastle United, now there are some ’Big Money’ owners ready to make a bid for the Magpies.

Last month, couple of Chinese consortium has made a bid to buy Newcastle again from Ashley. But the bid was quickly being rejected by the new owner of Toon, but now there is another news involving the great Toon legend Alan Shearer.

News from FoxSoccer today revealed that Jon Asgeir Johannesson, chief of Baugur – who in recent years have bought iconic British companies such as House of Fraser, Hamleys and Goldsmiths – is reported to be behind the approach along with another Icelandic Giant, Palmi Haraldsson who runs another Icelandic investment group Thera.

Both of the Ice man are reporting have been approached Shearer with a view to becoming involved with the new bid. This latest news, although I don't think was true but quite shocking. More or less, any news like this can have bad effect on Toon revolution.

Recently, Sam Allardyce has told some media about how frustrated he is for the lack of transfer funding for his work to re-build Toon squad, now can you imagine how he will deal on the situation with the new boards IF the taking over is not just a speculation.

I hope the news is not true, Ashley will not make it happen imho, but if he buy Newcastle in first place for just a business purpose, then only God knows what will happened to this club. The funny thing is, we used to have several managers come in and out for the last couple years, but now we will see that we have several owners in just months of time!

Your opinion is welcome on this latest Toon progress.

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