Toon owner Mike Ashley is today reported to be willing to sell Newcastle United - for £420m.
The Shields Gazette: "The Toon supremo named his price last month when a New York finance company made an approach to buy the club, The Sun says today.
Ashley Future Under The Spotlight Again!
By Nu Mad
Updated Friday, 4th July 2008
The Shields Gazette: "The Toon supremo named his price last month when a New York finance company made an approach to buy the club, The Sun says today."Ashley told private equity investors InterMedia Partners - based in the swanky Chrysler Building - he wanted £420m to seal the deal.
"The Americans' interest was so serious, owner Ashley permitted them to see all Newcastle's financial documents, accounts and records."
We published this report on Monday ....
We all know a Dubai consortium tried to buy out Newcastle back in December, and rumours are again flying, now that Newcastle United chief Tony Jiminez has been sent to Dubai on "mystery" business.
One report suggests he is there "to search for potential investors", but with Kevin Keegan desperate to dabble in the transfer market and owner Mike Ashley quiet, rumours are starting to spread.
The Daily Mail: "Jiminez, a property developer by trade but in charge of player recruitment in Mike Ashley's unusual Premier League set-up, would hardly be in the United Arab Emirates to look for playing talent.
The Daily Mail: "Jiminez, a property developer by trade but in charge of player recruitment in Mike Ashley's unusual Premier League set-up, would hardly be in the United Arab Emirates to look for playing talent.
"But Dubai is the first port of call for those wanting to sell a share of, or a whole, football club. Newcastle have already sounded out Dubai International Capital, the investment arm of the royal family, about taking a stake."
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