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

Popular Musician Feyisayo Mojisola Oyetade Dies On Child Naming Ceremony Day

A popular hip-hop singer has died on the naming day of her 8-day-old baby boy. The singer, Feyisayo Mojisola Oyetade, who is a popular singer in ... Full story

Husband Snatching Mess: Femi Anibaba's Wife Tells Ronke Odusanya She Can Have Her Husband

Folape Sokoya, wife of Femi Anibaba, the man Ronke Odusanya was accused to have snatched, has finally spoken on the issue and has also wished ...

Boko Haram divided over peace talks with the Federal Government

Following the ceasefire deal the Federal Government entered into with Boko Haram, the violent fundamentalist sect has split into two. While one faction wants peace, ...

Dilish Mattews - The Truth About My Affair With Edo State Governor

Pretty and sexy Dillish Mathews, became famous when she made it to the top and announced the winner of the 2013 edition of Big Brother ...

Stephen Keshi expected in Ethiopia for contract talks

Former Super Eagles coach, Stephen Keshi, is expected in Ethiopia this week to finalise discussions with the country’s FA on the vacant national team job, ...

Boko Haram captures another town in Borno State

Suspected members of the terrorist sect, Boko Haram, have captured another Borno town, Abadam, after laying a massive siege to it. It was gathered from security ...

Over 3,000 Students Fail Bar Exam At Nigerian Law School

Apparently there was mass failure at the Nigerian Law School this year. The Nigerian Law School recently released the 2013/2014 August result, and it was ... Full story

Boko Haram Militants To Release 218 Chibok Girls Monday

There are strong indications that the 218 schoolgirls abducted six months ago in Chibok, Borno State, by the violent Boko Haram sect may be released ... Full story

Ella Matins - After Dating a President, I Can’t Date an Ordinary Man

Top Beninoise musician and actress, Ella Matins, has revealed that her embarrassing moment in life was when she performed alongside DJ Arafat and during the ... Full story

Boko Haram’s Danladi Ahmadu Negotiates Cease-Fire

Islamist militant group Boko Haram is in talks with the federal government to release more than 200 girls abducted six months ago and negotiate a ...

Nigerian man in Malaysia jumps to his death trying to escape from police

A Nigerian man named Osazuwa allegedly jumped to his death from a 15-storey building on Monday October 13th as police stormed a place he was ...

Comment on: Mike Ashley Open To Newcastle Sale

Rate this article

0

Featured author

chuky01

Breaking News

Uche Jombo Adds Weight In New Pictures

Prolific Nollywood actress, Uche Jombo seems to have added more weight, according to latest photographs of hers on the internet.The talented actress attended a movie ...

Tiwa Savage Removes Wedding Ring

It has been observed by Nigeriafilms.com from a latest picture of Tiwa Savage posted by the singer on one of her social media pages that ...

Pictures Of What Dudes Rocked To 2014 Nollywood Movies Awards

Movie practitioners in Nigeria gathered once again to celebrate the best among best at the 3rd annual Nollywood Movies Awards (NMA). The glamorous and colourful ...

Questionable Dress Styles At Genevieve Pinkball Foundation Event [Pictures]

‘The way you are dressed is how you will be addressed’, so says a popular saying and for this reason, in trying to imitate fashion ...

Nigeria Declared Ebola Free By WHO

Following a 42-day period without any new cases of Ebola in Nigeria, the World Health Organisation (WHO) has declared the country Ebola free.Nigeria first recorded ...

Desperation Is The Cause Of Marriage Failures In Nollywood—Fidelis Duker

Ace Nigerian filmmaker, Fidelis Duker, has said one of the reasons marriages of entertainers don’t last is the inability to do thorough research on the ...

Airtel Frustrates Cossy Orjiakor

One of the telecoms operators in Nigeria, Airtel, seems to be having a serious issue with controversial Nigerian entertainer, Cossy Orjiakor, who is well known ...

Ngozi Ezeonu Throws Superlative Ceremony For Mum’s Burial [Pictures]

Last Friday, popular Nollywood actress, Ngozi Ezeonu gave her late mother a befitting burial in Anambra State. The event was attended by several associates of ...

Ann Njemanze New Glowing Look

Ann Njemanze, the Nollywood star who also plays the role of Inspector Sankey, a very annoying but insistent sleuth on M-Net’s popular soap, Tinsel now ...

How JJC Romantic Affair With Stylist-Turned Lover Crashed

He started out as a music producer, but when it was time to kick off his career as a rapper, Abudulrasheed Bello chose to be ...