Ashley denies sale reports

10 July 2008 02:42
Newcastle United owner Mike Ashley has denied claims he is seeking to sell the club, but has confirmed he is on the lookout for new investors. Several reports had suggested the Magpies owner was looking to leave St James' Park just 12 months after taking the helm. But Ashley has rubbished the stories and insists the only financial deals he is interested in are ones offering fresh investment. Referring to a possible takeover bid, he told the Evening Standard: "That is not true. "I would say that I am keen to have partners in Newcastle. That's a very expensive seat I sit in." Meanwhile, Ashley has brushed off claims that he had held talks with the Saudi Bin Laden Group - run by Osama bin Laden's half-brother Bakr - over a £300million buyout. "I think I'll start with people from Newcastle, not in some cave in Afghanistan," he added.

Source: ESA