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I don't know much regarding Newcastle but he kept them in the premiership for years.
Were Newcastles finances bad under his reign?
Why did the Geordies want him out?
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I think the Geordies have it in their heads that they should be a top three side in the Premier League, from what I understand Ashley operated on a sensible budget and cut cloth accordingly, but that meant no huge stars on £100m transfer deals, they'll probably get that now with the new owners but it's no guarantee of success..
He paid £134m for them in 2007 , sold them In 2021 for 300 million .
He ran the club for 14 years he must have financed something.
https://www.themag.co.uk/2021/07/mik...castle-united/