Yet the Peterborough chairman thinks the price is a bargain.
Bargains are always snapped up, the club has been for sale since Donald bought it.
Football isn't a normal business as quite a few have discovered.
Still it's very hard to believe a hard nosed businessman, like Ashley, would buy NUFC thinking it owns SJP, or did he? If they did it would be more viable as they could sell a massive chunk of prime inner city land and build a better modern stadium elsewhere.
As it is anyone buying the club already has millions to spend on a crumbling stadium that can barely be improved and they'll never own. I remember the excitement when a fabulous new stadium was proposed, by John Hall, and the whole Geordie Nation was up in arms when the council or whoever blocked the plans. I have a vague memory of some old biddy called Doris Potter being at the forefront of the campaign to prevent it being built. Her name was spat out, on Tyneside, at the time
From 1966, when Roker Park was given the World Cup instead of SJP, the ground was unloved and deemed inadequate.
When the Mags had to accept they wouldn't be getting their shiny new superbowl they decided SJP was actually a cathedral and their spiritual home they adored and never wanted to leave. This was immediately after they'd claimed it was unfit for King Kev and his title chasing heroes.
SAFC may have been a bargain, when Donald came in, but he's singlehandedly changed all that. He's thrown away almost every advantage we had. He's lost the likes of Maja and not adequately replaced him, the parachute payments, our 'debt free' status, our momentum, the trust of the supporters, etc.
We were a bargain and would be at £20m but not twice that figure. The Peterborough chairman is simply trying to say we should be walking the league and 'look how well I'm doing competing with such a massive club'. With Donald here the club is worth less week on week and he knows it. Only his ego and greed is keeping him here but hopefully not for much longer.
Edit: Just saw this
https://www.google.com/amp/s/theath...unwritten-newcastle-planned-own-san-siro/?amp