Mike Ashley Open To Newcastle Sale

// Latest Addition | Mike Ashley Open To Newcastle Sale
Email to a friend Plain text Print version // Font size: Decrease font Enlarge font

Newcastle owner Mike Ashley is open to any suitable offers, but not actively seeking to sell the club.

photo Newcastle owner Mike Ashley is open to any suitable offers, but not actively seeking to sell the club.

The sportswear tycoon has been widely criticised since he took over the club in 2007, and his critics were given further ammunition by reports in Wednesday's press suggesting he was ready to sell up.

The reports, however appear to be wide of the mark despite the Sports Direct owner coming under increased pressure to end his tenure at the club following the recent controversial appointment of Joe Kinnear as director of football.

Ashley is believed to be holding out for an offer that will allow him to recoup all of the money he has spent in his six years in charge at St James' Park, a figure of £267m according to the latest Deloitte Annual Review of Football Finance published earlier this month.

Ashley launched his bid for the club in May 2007 when he bought the Hall family's shareholding and had full control in July that year after purchasing the shares of then chairman Freddy Shepherd.

That is reported to have cost the businessman around £134m but, having failed to undertake due diligence before his takeover, he had to spend a further £100m clearing out existing debts.

Ashley also footed a large proportion of the club's wage bill following their relegation from the Premier League in 2009 to help fund their immediate return to the top flight.

Tagged : No tags for this article

Headlines Newsview all

Wizkid's Baby Mama and Girlfriend Attend Same Event

Two women in Wizkid’s life Tania and Shola both turned up for the just concluded Rhythm Unplugged concert which held at the Eko Hotels December ... Full story

Bomb Blast Hits Gombe Motor Park

The latest bomb is said to have been detonated today, December 22, at about 11am at the Dukku Motor park in the state near the ... Full story

Charly Boy Says Nigeria Is Ruled By 'Scammers And Gangsters'

Charly Boy talks about how the many creative, progressive and hardworking Nigerians are ruled by a few riffraffs, scumbags, fraudsters and scavengers. He also says ... Full story

Nigerian Soldier Sentenced To Death Cries Out For Help

A young Nigerian soldier who was one of the 54 sentenced to death has sent a passionate appeal to Nigerian. One of the 54 Nigerian soldiers ... Full story

70% of candidates fail 2014 WASSCE

Of the 246,853 candidates who sat for the November/December 2014 West African Senior School Certificate Examination, only 72,522 candidates, representing 29.37 per cent, obtained credits ... Full story

Mr. Ibu Shows Off Massive Weight Loss In New Photos

Well, Mr. Ibu seems to have lost quite a lot of weight lately! Most likely for height reasons, he's channelling Rick Ross ... Full story

Boko Haram Kill 32; Kidnap 185 Women And Children In Borno

Multiple sources have it that Boko Haram, the deadly sect waging an insurgency against the state have killed 32 people in Borno State, and kidnapped ... Full story

Alhaji Bappa Tilde, Ex-Bauchi Accountant-General Shot Dead

Former Accountant-General of Bauchi State, Alhaji Bappa Tilde who was abducted last Saturday has been killed. According to residents, Tilde, 72, was brought by his abductors ... Full story

Inmate dies in prison after six adjournments to his trial

A man who was remanded in prison for attempting to steal his brother's money from an ATM has died due to the ineptitude of prison ... Full story

Seyi Shay Grabs Wizkid's Crotch in New Video

So, Seyi Shay and Wizkid featured in this new video titled 'Crazy', and Seyi Shay seems to have done something very crazy; she grabbed Wizkid's ... Full story

Couple tortured by police sue for N100m

The couple brutalized by a police corporal in Lagos, Ejeh and Grace Smith, is suing the police authorities for damages. The Lagos couple that was brutalized ... Full story

Comment on: Mike Ashley Open To Newcastle Sale

Rate this article

0

Featured author

Reinetta Zachary

Breaking News

Angry Wife Wants N40m From Hubby For Infecting Her With HIV

No longer able to condone her husband's alleged acts of infidelity, which has also made her a carrier of the dreaded Human Immune Virus (HIV), ...

Cool FM’s Big Girl, Destiny Amaka Finally Engaged? (Picture)

It would be recalled that beautiful Nollywood actress and also Cool FM's On Air Personality, Destiny Amaka De Souza once told Nigeriafilms.com that she is ...

Foremost Nigerian Artist Loses Wife To Cancer

According to reports, wife of a talented Nigerian artist, Zinno Orara, Adaora, is dead. The woman was said to have died few hours ago after ...

Niyola Confirms Relationship With Banky W

She's pretty, talented, sexy and easy going. Nigerian music sensation, Niyola, came under the spotlight after her popular song and video directed by Kemi Adetiba, ...

Why I Always Grab My Bo@bs In Photos- Ruth Kadiri

Edo State-born actress, Ruth Kadiri, who debuted in Nollywood in ‘Sincerity’, a movie she also wrote, in recent times, has upped her game in the ...

There Are Many Handsome Men To Date, Stop Calling Me A Lesbian- Rukky Sanda Begs

Rukkayat Sanda is indeed a beauty to behold. And this is not just because she has the looks, but she also has a fashion sense ...

Aftermath Of Failed Political Ambition, JJC Surprised Kate Henshaw

After losing out at her party’s primaries in a bid to contest for a seat in the Federal House of Representatives in the 2015 election, ...

Beware Of Hustlers This Christmas

"Ladies no longer want love and romance. All they want are material things! Money! Money! Money! The other day, I took one out for a ...

My Wife Will Never Cheat On Me- Captain Mathew Ekeinde, Omotola Hubby

Last week, a particular story of how Super star actress Omotola Jalade's has been tempted countless times to cheat on her husband went viral. In a ...

Check Out Actress Angela Okorie At Old Age (Photo)

Ex-Delta Soap model and actress, Angela Okorie is a beauty to behold and cherish. She radiates so much freshness that she could easily mistaken for ...