Source: Daily_Mail
Newcastle owner Ashley blasted as McMahon's consortium pulls the plug
Newcastle have suffered another setback after the consortium headed by Steve McMahon pulled out of buying the crisis club.
The Profitable Group have ended their interest in a takeover with former Liverpool and England star McMahon criticising owner Mike Ashley for a lack of 'communication and response'.
The group were among a number of bidders, thought to include consortia from Malaysia and America, attempting to purchase the troubled north-east club following their relegation to the Championship.
'We have pulled out,' McMahon said. 'How long can you keep hanging on? We have put a bid in and we have had no communication, no response - nothing.
'It really is poor form from Newcastle, but if that's the way they want to run their business, good luck to them.
'I just feel sorry for the supporters - they deserve much, much better. They deserve to know what is going on. We wanted to come in and turn the club round because it clearly needs something at the minute.'
McMahon has also rejected suggestions that the Profitable Group had never provided proof of funds. 'That is completely
inaccurate,' he added.
