Ashley drops a bombshell; Naming rights for St James's Parkofferedtosponsors as club is taken off themarket.Byline: Alastair Craig NEWCASTLE United owner Mike Ashley Mike Ashley could refer to:
St James's Park club. But United also revealed that a search has been launched for companies to sponsor the iconic i·con·ic adj. 1. Of, relating to, or having the character of an icon. 2. Having a conventional formulaic style. Used of certain memorial statues and busts. stadium. And that could lead to its name being changed as early as next season. Millionaire Mr Ashley has spoken to prospective buyers in recent months without being able to close a deal. The club confirmed last night that Tyneside businessman Barry Moat's bid had collapsed after he failed to come up with the asking price of pounds 80m. Caretaker manager A caretaker manager is someone who takes temporary charge of team affairs of a football club. This usually happens when the regular manager is sacked or leaves for a different club. Chris Hughton Christopher William Gerard "Chris" Hughton (born December 11, 1958 in Stratford, England) is an English-born Irish former footballer and is Assistant Manager of Tottenham Hotspur. was also announced as permanent manager, with a contract running until the end of the 2010/11 season. The club said Mr Ashley would inject in·ject v. 1. To introduce a substance, such as a drug or vaccine, into a body part. 2. To treat by means of injection. a further pounds 20m into the club this week. As well as breaking off talks with Mr Moat, he ended talks on a potential takeover by the Star Foundation. His patience is said to have snapped after the US group, fronted by North West businessman Geoff Sheard, failed to meet a final deadline on Friday. A club statement released last night said: "With regard to the possible sale of the club to Barry Moat, that particular bid has now fallen through due to the cash price of pounds 80m not being met. "In confirming the news, Mike Ashley stated that he is totally committed to the future success of Newcastle United and will be focussing on gaining promotion back to the Premier League. He will put a further pounds 20m into the club this week. "The club aims to maximise its commercial revenues; this includes renegotiating its club sponsor and kit deal, which expire at the end of this season, as well as welcoming offers for the stadium naming rights Naming rights are the right to name a piece of property, either tangible property or an event, usually granted in exchange for financial considerations. Institutions like schools, places of worship and hospitals have a tradition of granting donors the right to name facilities in for next season." The club was originally put on the market for pounds 100m in May this year. Newcastle United are currently top of The Championship with 27 points. |
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