The King Power Stadium

Next Game

Leicester v Newcastle

Saturday, 02 May 2015, 12:45

Barclays Prem

St James' Park, Newcastle

Last Game

Newcastle 2 - 3 Swansea

Saturday, 25 April 2015, 15:00

Barclays Prem

Ashley open to Newcastle sale

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

Last Updated: 26/06/13 at 14:04 Post Comment

Mike Ashley: Controversial tenure at Newcastle

Mike Ashley: Controversial tenure at Newcastle

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

However, those reports 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 Buckinghamshire-born 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.

Related News

Most Commented

Readers' Comments

N

o credit to Brendan for playing an innovative 'False No.1' for the first half of the season?

balls-to-monty
Football365's Top Ten PL Goalkeepers

I

ve been really impressed by Adrian when I've seen West Ham matches. Really good keeper and has earnt the 'Ammers many a point this season. Wouldn't swap Lloris for anyone either, he's currently far too good for us.

dryice
Football365's Top Ten PL Goalkeepers

H

ow is Mignolet, most PL clean sheets this season, not a part of this list? Ridiculous!

mahzaib aziz
Football365's Top Ten PL Goalkeepers

Footer 365

Hull 1-0 Liverpool: Michael Dawson goal gives Tigers crucial lift in relegation fight

Michael Dawson’s first ever Hull goal secured three crucial points in the relegation fight with victory over Liverpool.

Champions League: Real Madrid's Bale and Benzema fit for Juventus clash

Gareth Bale and Karim Benzema should be fit for Real Madrid's Champions League semi-final first-leg clash at Juventus.

Manchester United confirm tour of US in 2015

Manchester United have confirmed they will face Barcelona, PSG, Club America and San Jose Earthquakes on a US tour this summer.

Mail Box

Is Mrs Mediawatch A Brighton Fan?

The Mailbox stands firmly in Bournemouth's corner, Jose Mourinho is defended in force and Manchester City would want him if he was sacked at Chelsea...

Mourinho A 'Motivator Of Idiots'

The Mailbox asks whether Jose Mourinho is really that special or is he just 'a motivator of idiots?' And strikers don't come through at top clubs...apparently.

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company