Magpies rubbish sale claims

04 July 2008 03:09
Newcastle United have dismissed as "absolute nonsense" talk that owner Mike Ashley is preparing to sell the club. Several reports on Friday morning claimed New York-based finance company InterMedia Partners were interested in taking over at St James' Park and had already held talks with Ashley. However, the Magpies have denied claims that Ashley wants to sell his stake in the club. The stories also suggested that the Magpies owner was looking for £420million to sell a club which he bought for around £130million last summer. "It is absolute nonsense," claimed a club spokesperson. Ashley took over at St James' Park in June 2007 after buying out Sir John Hall and then former chairman Freddy Shepherd.

Source: ESA