Report: Newcastle handed blow over potential takeover in move which will infuriate fans

Newcastle United owner Mike Ashley is still looking to sell the club but is set to demand in excess of the £300million which he set as the asking price over the winter, according to a report.

The Shields Gazette claim on their website that the Sports Direct supremo is willing to enter into negotiations with any interested parties but that a cut-price deal is off the table with the club now having seemingly secured their place in the top flight.

Sitting 10th in the Premier League table, the report states that Ashley is set to use the club’s high position, as well as the big-money television deals which have been agreed, to demand more money than the initial £300million he had asked for, in a move which will dent hopes of securing a sale and infuriate the fans, who will be desperate to get rid of the British businessman.

Football Insider verdict

The thought of Ashley staying beyond the summer is something which Newcastle fans do not want to think about, for his presence at St James’ Park is toxic. Having the Sports Direct supremo as owner for any longer would put manager Rafael Benitez’s future in serious doubt, and considering the Spaniard has worked something of a miracle with the lack of financial backing, his exit would be a massive bombshell. Yes, Ashley is entitled to demand what he believes the club is worth but it seems as though he is vastly inflating the valuation, warding off potential suitors and keeping him in charge. If he is serious about selling up, then he will have to cut his asking price. Otherwise, Newcastle fans are in for another year of frustration.

In other Newcastle United news, the club must swoop for a 13-goal target after Liverpool joined the hunt.

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