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Ashley in talks to sell Newcastle United

Newcastle United owner Mike Ashley is in talks to sell the club to a United States consortium.

That is according to The Daily Mirror who report that the controversial businessman has flown out to the United States to finalise a deal which could see the club valued at £350 million.

The news, if true, will bring cheers to the club’s supporters who have campaigned vociferously against Ashley, complaining of his lack of ambition and failure to invest in the team.

The 54 year old actually put the club up for sale last year, but despite protracted talks with financier Amanda Staveley at one stage, no deal materialised and Ashley retains ownership.

Whilst he has always insisted that he is in for the long haul as Newcastle owner, Ashley has been focused increasingly on expanding his business empire in the UK, recently buying the struggling House of Fraser retail group and acquiring a substantial stake in the Debenhams’ store chain.

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