Newcastle United owner Mike Ashley

Noel Whelan has blasted Mike Ashley after it was reported he tried to renegotiate the terms of the Saudi-backed Newcastle United takeover bid.

Speaking exclusively to Football Insider assistant editor Russell Edge, the former Premier League striker insists that it is “disgraceful behaviour” to try and get more money when a deal has been agreed.

The Daily Mail’s David Coverdale has reported that sources close to the Saudi investors say that Ashley tried to “significantly renegotiate” the terms of the takeover deal late on.

The Saudi Arabian-backed consortium confirmed on Thursday that they had pulled out of their bid to buy the Magpies after months of delays at the Premier League owner and directors test stage.

Whelan has ripped into the current Newcastle owner and says it is inexcusable if he tried to get a better deal out of the prospective investors.

Whelan told Football Insider: “He doesn’t even need the money, that’s the thing. Once you agree and shake hands, a deal’s done, that’s a gentleman’s agreement and that is how a deal is done, on trust.

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“Now if he’s gone to try and move to goalposts and try to get more money, that’s disgraceful behaviour. Why would you want to do business with a man like that?” 

Ashley has been in charge at St James’ Park since 2007 but the club have been publicly for sale for the last couple of years.

The Magpies finished 13th in the Premier League under Steve Bruce.

In other Newcastle United news, the Magpies have been tipped to miss out on a transfer deal from a relegated side.

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