Mike Ashley yet to receive any acceptable offers for Newcastle

Mike Ashley is reported not to have received any “acceptable” offers for Newcastle, a year after he officially put the Premier League club up for sale.

Ashley’s lawyer was on Sky Sports News last October to announce he had taken Newcastle as far as he could and was looking to sell.

Andrew Henderson, of Dentons, said at the time: “I think there’s a view that over the years there has been a considerable investment, perhaps a feeling that all that can be done has been done. So, it is probably just a recognition that it might be time for a change”.

The aim had been to sell the club by last Christmas, but despite some interest, no serious or acceptable offers have been made.

A Saudi Arabian group of investors are the latest interested party, although no official contact has been made with Ashley.

The report on Sky Sports adds that Ashley will not sell unless he receives assurances that prospective new owners have the funds available to take the club forward and invest.

Businesswoman Amanda Staveley tried to buy the Magpies for £250m last year but she failed to agree a deal with Ashley.

Newcastle are not exactly looking like an attractive option for any potential buyers at this early stage of the season, after failing to win any of their opening eight Premier League games, currently sitting 19th in the table.


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