Newcastle United Up For Sale? RUBBISH!

Last updated : 26 August 2007 By Footy Mad - Editor
Sunday Sun:
 

NEWCASTLE UNITED owner Mike Ashley is ready to name his price to would-be buyers of the club: £225 MILLION.

And he must now wait to see if that figure scares off a Chinese consortium showing interest in the Magpies.

Although a rumoured Icelandic bid for the club came to nothing, the Sunday Sun understands there is real substance to talk of an approach from China.

But whether that will offer Ashley a £50 million-plus premium on his investment in United remains to be seen.

The sports retail billionaire has ploughed around £170 million - £133 million in buying the club, £30 million to reduce its debts and a £7 million net spend on players - into St James's Park.
 
No quotes from anybody ... just pure speculation.

Sorry, but I don't believe a single word of it.

Having spoken to those behind the scenes at St James' Park, I can promise you Ashley is here for the long haul, and not to stick a few million in his arse pocket!

Why would he want to? The man could buy half of the African continent just to make it his holiday home.