If the Premier League in four months couldn't get to the bottom of who would actually end up owning Newcastle then let's face it - this was dodgy.
It would be nice to see a situation whereby clubs could be majority owned domestically - preferably by supporters. Maybe they could start by all new deals having a minimum 10% 'home-grown' ownership?
I would have thought that could be a good model for Newcastle, to be fan owned or at least 50% fan-owned. They have a shitload of fans so surely if they all chip in a few grand then they'd get fairly close to an acceptable amount. I guess it depends on what Newcastle is valued at.
or another approach just turn it onto a plc and then Ashley can sell as much as he wants to, preferably more than 50%, in that case its not just fans buying a share of the club, you'd also get a huge injection of cash into the club.