GOONERSGUIDE ENGLISH PREMIER NEWS SECTION

This is our English Premier news section where we provide any news items that might have a significant effect on the matches being played - or sports betting in general.

English Premier News :: Americans in takeover talks with Newcastle Utd owner

Posted on 2008-07-05 by Gooner

Discussions have taken place over the potential sale of Newcastle to American investors.

It is being reported on BBC Sport that representatives of owner Mike Ashley have met with New York-based private equity fund InterMedia Partners.

A report claimed Ashley named a price of £420m - which would be £286m more than he paid for the club a year ago.

The Newcastle United club have dismissed it as "absolute nonsense" but still sources in the US claim initial talks had taken place.

Former chairman Freddy Shepherd had already fought off a series of potential takeover bids when Ashley made his move last summer, eventually securing a £134.4m takeover.

Ashley has since ploughed around £100m into the club to sort out the debt situation and to strengthen the squad. Recently though, Ashley has made an attempt to slash transfer expenditure and a spiralling wage bill.

Sourced From : BBC Sport

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