Source: Northern_Echo
Newcastle owner Ashley does not want £111m loan repaid
NEWCASTLE owner Mike Ashley has insisted he is not looking for his interest-free loan to the club to be repaid.[LNB] Latest financial figures show Ashley has loaned the club £111m, which is repayable on request.[LNB] There has been speculation, since Ashley announced there would be no capital outlay on players this summer, that he would instead look to recover what he is owed following the Magpies return to the Barclays Premier League.[LNB] But Ashley has now moved to scotch the rumours.[LNB] A statement released via the club's official website, www.nufc.co.uk, said: "In relation to recent media speculation following the statement made by the club on May 9, Newcastle United would like to make it clear that owner Mike Ashley is not looking for his interest-free loan to be repaid, or to take any money out of the club."[LNB]
