Report reveals controversial figure could remain at Newcastle despite takeover talks

By Russell Edge

Newcastle United owner Mike Ashley may prefer to agree to a co-investment opportunity rather than sell the club outright, according to a report.

The Chronicle claim on their website that the business tycoon may not want to relinquish full control of the club, as it offers his Sports Direct brand worldwide exposure thanks to the scale of coverage of the Premier League.

They also state that he is hoping to initiate a bidding war for the club, using reports of deals for the club as a negotiating tactic to ensure he receives the highest price.

A co-investment would see Ashley remain at Newcastle in an official capacity, something which fans are unlikely take kindly to.

This latest account comes after a busy couple of days regarding potential future investment in the club.

Subscribe to Football Insider TV now

A report from the Press Association confirmed that the club had signed a number of nondisclosure agreements with a series of potential investors, with the Chronicle claiming that at least one of the parties was a group from China.

Meanwhile Sunday saw international financier Amanda Staveley, a key adviser in the sale of Manchester City to Sheikh Mansour back in 2008, spotted in the stands for the Magpies’ clash against Liverpool.

Sky Sports reported that she had met with officials of the club after the full time whistle, before Middle East news website Arab News made the claim that a potential takeover could be just months away if negotiations between Ashley and Staveley were to begin soon.

Ashley has been a controversial figure on Tyneside since taking over in 2007, thanks to decisions such as renaming St James’ Park and appointing Joe Kinnear as manager.

In other Newcastle United news, Football Insider have ranked the club’s three worst players of the season so far.

We’ve launched a << BREAKING NEWS FEED>> exclusively for your club. ‘Like Us’ on Facebook by clicking here if you want 24/7 updates on all Newcastle United breaking news.