Newcastle entertaining 100 Million pound bids

It appears that the bids that Newcastle was seeking for their club are starting to show up, according to new reports surfacing. Is Newcastle owner Mike Ashley one of those owners who cuts his losses and bails, or is this the last act of a desperate man? Newly relegated Newcastle is in need of something, anything, positive to start their return to the EPL. Cleaning house at the top may be the correct starting point. Over the weekend, it had surfaced that several folks were looking to submit low ball bids in hopes of finding a deal. But today, reports coming from Newcastle themselves are claiming that the 100 million pound price to own the Owen-less Newcastle United are being met by not only one, but three different bids. Since its managing directly Derek Llambias making the claims, call me Dubious.

Ashley paid 135 millions pounds in 2007 for the club, and has claimed to have put in 244 million pounds since then. I'm still not sure what it was spent on fully, as the club has really taken a nose dive.

Restoring order to a sports team once its taken this emotional and performance hit is a very tough thing. I don't see a conglomerate from Asia having the ability to give the team, staff, and fans the sort of lift that is needed.

One of the early BBC articles mentioned an American bidder, but the only name i've heard of is LA Galaxy owner and developer Philip Anschutz. He's the name that seems to be in the mix all the time, and he's that breed of owners i've always flagged as using sports to drive other business interests. Which may be what a team like Newcastle needs - someone who knows how to extract revenue in other manners to help beef up their players and their farm system.