Ashley wants £100million

Magpies chairman names price as Shearer is made to wait

Newcastle United’s board has confirmed that chairman Mike Ashley has put a £100million asking price on the club.

Ashley is believed to be close to ending his expensive and ultimately disastrous association having now set a figure that represents a huge loss on his initial investment.

More than a week after it emerged that Ashley was looking to get out for the second time since he took control, the Magpies issued an official statement setting a price as Keith Harris, chairman of investment bankers Seymour Pierce, continued his search for buyers.
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