In an exclusive interview with Football FanCast, Rob Lee, who made 267 Premier League appearances for Newcastle United, believes Mike Ashley should reconsider his valuation of the club because of how much needs improving.
Ashley has owned Newcastle since 2007 when he bought a majority share of the club from the previous owner Freddy Shepherd, and the Sports Direct tycoon was greeted with mountains of debt which he failed to notice through not doing much due diligence before purchasing the club.
It started off positively under Ashley as he watched matches from the stands with fans and brought back Kevin Keegan as manager, however after two relegations and the potential for a third this season, the mood on Tyneside has turned far more toxic towards the owner.
Speaking on why Ashley’s valuation of the club should be reconsidered because of what other clubs have compared to Newcastle, Lee told FFC:
“Is somebody prepared to pay the money that he’s asking for considering what they will be getting in return?
“You look around the grounds in the Premier League and there are a lot better ones around than St James’ Park, and we’ve probably got one of the worst training grounds in the league.
“You look at the players we’ve got and you probably couldn’t sell many of them for a lot of money. So what exactly are you getting? You’ll get the name Newcastle United, but what else are you getting for £330 million?”
Mike Ashley has decided to stick by Steve Bruce despite many expecting him to be sacked after the 3-0 defeat against Brighton.
If Newcastle were to be relegated for a third time under Ashley, it would certainly knock a large sum off the valuation of the club.