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

Court Summons EFCC, Zenith Bank To Defend Freezing Of Fayose?s Account

The Federal High Court, Ado-Ekiti, has summoned the Economic and Financial Crimes Commission and the Zenith Bank Plc to show why an order exparte to ... Full story

I Have Exchanged Ideas With Christians Across The Country Says Buhari

President Muhammadu Buhari says he has met with Christians from all over the country and exchanged ideas with them, expressing pleasure with the meeting. Buhari, who ... Full story

Nigeria?s Sovereignty Negotiable Says Soyinka

Nobel laureate, Prof. Wole Soyinka, has added his voice to the ongoing calls for the restructuring of the Nigerian federalism. According to him, the sovereignty of ... Full story

Vice Chancellors Of State Universities Demand Autonomy On Admission Policy

The Association of Vice-Chancellors of State-Owned Universities has asked the federal government to allow the senates of their institutions prescribe the modalities for admission. The Secretary ... Full story

Read How U.S., France Support Convicted Chad Dictator, Habre

The United States and France supported Hissène Habré, the former Chadian dictator who was convicted of atrocity crimes on May 30, 2016, throughout his rule, ... Full story

Fayose And Nigeria?s Immunity Scandal

Governor Peter Ayodele Fayose of Ekiti State has a solid claim to the title of politician par excellence of Nigeria’s Fourth Republic. In many ways, ... Full story

Arms Deal, Witness Reveals: How Badeh Wanted Me To Claim His Property

The trial of a former Chief of Defence Staff, CDS, Air Chief Marshal Alex S. Badeh, continued on Tuesday before Justice Okon Abang of the ... Full story

Why Buhari Ordered Arrest Of Close Ally And Arms Panel Member, Umar

President Muhammadu Buhari ordered the arrest of a key member of the panel investigating the mismanagement of public funds meant for the war against Boko ... Full story

Boko Haram: Nigeria Army Clear Ngoshe,Gava And Rescue 16

Troops of 121 Task Force Battalion, 26 Task Force Brigade, accompanied by a large number of Civilian JTF from Gwoza, Tuesday, embarked on a very ... Full story

Buratai?s Dubai Mansion Has Exposed Hypocrisy In Buhari Government Says Lawyers

Frontline lawyers, Tuesday, told the Federal Government that only security agencies have the statutory duty to clear the Chief of Army Staff, Lt. Gen. Tukur ... Full story

Wike Resurrects Lloyd?s Murder Trial Case

The Port Harcourt Division of the Court of Appeal has reserved 26th September for hearing of an appeal by a former Leader of the Rivers ... Full story

Comment on: Mike Ashley Open To Newcastle Sale

Rate this article

0

Breaking News

Popular Nigerian Music Artiste Proposes To White Girlfriend On The Street Causing Traffic Jam

Nigerian born show-stopper, AdmiralC4C who has made a name for himself on the musical scene in Romania is currently engaged to his baby mama, Ana ... Full story

Super Star: Nigerian Pastor Stages Extravagant Wedding Ceremony In Germany

A Nigerian pastor has become the talk of town after his expensive wedding in faraway Germany. The pastor identified as Benson Oben Bechemayor of The Chapel ... Full story

Forex: Foreign Investors Want Naira Devalued Above 300/$1?

The new foreign exchange regime implemented by the Central Bank of Nigeria (CBN) saw the naira “effectively devalued” from 197 to about 283 against the ...

SO HOT: Nigerian Soft Porn Actress, Afrocandy Show Boobs And Thighs In Skin Tight Dress

Mother of two, Afrocandy looks s*xually appealling in a fading green gown which has attracted accolades from her fans.  From the numerous pictures shared on her ... Full story

Super Eagles To Face Lagos All Stars In Honour Of Keshi aAnd Amodu

The Lagos state government in conjunction with the Sports Writers Association of Nigeria and the Nigeria Football Supporters Club will be organizing a Farewell Testimonial ...

Lil Wayne Ready To Face A Battery Charge In Court If Found Guilty

A bouncer who was working the door at  a party organised by Lil Wayne and 2Chainz has come out to accuse Wayne of punching him ...

Cheating Is Bad; It Destroys Everything Says Toke Makinwa

Media personality, Toke Makinwa covers the latest edition of Glam Africa Magazine. In it she talks about having a member of the opposite sex as ...

Tyga And Kylie Jenner Reportedly Back As A Couple

Kylie Jenner and Tyga seem to have really gotten back together. The duo were seen at Kanye West' Famous video release party over the weekend ...

Zuckerberg And Bill Gates Lose $3.4 billion To Brexit

Bill Gates, the world’s richest man, and Mark Zuckerberg, co-founder of Facebook, have lost $3.4 billion to the decision of the UK voters to leave ...

Workers ask federal govt to investment into auto industry

Members of the Automobile, Boatyards, Transport, Equipment and Allied Senior Staff Association have urged the Federal Government to invest in the auto industry, own its ... Full story