Newcastle United up for sale

Lester Mason
October 19, 2017

Amanda Staveley has launched a £300million bid to buy Newcastle United, just days after Mike Ashley put the club up for sale. The club presently sit 9th in the Premier League table.

Newcastle United are expected to be taken over before the start of the January transfer window.

"So if that means us helping with additional funds being available in the short term, we would seek to accommodate that".

According to Sky Sports, talks between Ashley and Staveley, which took place on Tuesday were positive.

The colourful tycoon, who described himself as a power drinker during a court case this summer, has a majority shareholding of 55% in the FTSE 250 retailer, making him a billionaire - on paper at least. Ashley bought the club for £134m in 2007 and officially put it up for sale earlier this week.

The Newcastle owner's lawyer, Andrew Henderson, said: "Our intentions at the moment are to see if the club can be brought forward into new ownership by potentially Christmas".

Meanwhile, a club statement read: "As one of the Premier League's oldest and best supported football clubs - and for the benefit of its many fans and supporters in the UK and across the world - Newcastle United requires a clear direction and a path to a bright and successful future". The club has said they were willing to listen to offers that would be capable of "delivering sustained investment" towards achieving their ambitions in the top flight.

Newcastle United have performed admirably in their return to the Premier League, with the Magpies now boasting 11 points to their name and sitting in the top-half of the standings after eight matches.

Other reports by Iphone Fresh

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