Ashley looking to sell Newcastle for £481m

Newcastle United owner Mike Ashley is looking to sell the club for £481million, says the Sun.

The English newspaper says Ashley have already tried to find a Middle East investor to buy the club from him.

A source told The Sun: “In reality, Newcastle have been up for sale for the last six months.

“If there had been interest from Dubai or Abu Dhabi it would already have surfaced.

“What makes it even more difficult is that Newcastle do not appear as a very saleable asset at the moment.

“The club has no manager, the fans are protesting and the team is struggling.”

Dubai investment group, who it has been reported is interested in buying the club, insists they have not been in contact with Ashley.

DIC’s chairman Mohammed bin Rashid Al-Maktoum said: “We have not had any contact. I am not interested in any English club right now.”

[Source: The Sun]