NEWCASTLE owner Mike Ashley needs to lower his expectations for how much money the club will be sold for, if the Magpies are ever to be bought by another owner, claimed Simon Jordan.
The former Crystal Palace owner said it’s unlikely that anyone will pay Ashley’s estimated value of the club.
A number of parties have shown interest in taking over Newcastle over the past 12 months, but a deal is yet to be agreed.
Jordan thinks Ashley would almost certainly agree to sell the club if a sensible offer came in.
“He wants a certain figure and he’s not able to get it,” Jordan told talkSPORT.
“I think that figure is just short of £350m, which is what he thinks the club owes him and what it probably does owe him.
“How many football clubs have you seen being bought in this country for £350m? There is the problem.
“We get to hear how much Manchester United is worth, how much Arsenal are worth, how much Liverpool are worth – but nobody’s buying them.
“Without defending Mike Ashley, I think he’d run out the door if he got a sensible offer.
“From what I gather, there’s a lot of noise coming out from people about what they will or won’t do, but no one’s coming up with the money.
“I’m not defending Mike, I think he should try harder to come up with a solution to get out of that football club – because it does the football club no good and it does him no good.”
Ashley has already rejected bids for the club from Amanda Staveley and Peter Kenyon.