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Mike Ashley takes Newcastle off the market as he is ‘no longer looking to sell’

Mike Ashley takes Newcastle off the market as he is ‘no longer looking to sell’

Mike Ashley could be the Newcastle United owner for a while longer as an interesting development has emerged.

According to a report by The Times, it is understood that he is ‘no longer looking to sell’ the Magpies, having put the club up for sale 17 months ago.

There has been a number of potential buyers at stages, with the likes of Amanda Staveley and Peter Kenyon as the most notable, however, they fell short of what Ashley wanted for the club.

It is understood that the current owner has now become ‘deeply frustrated’ with the whole process and how expensive that it has been regarding the legal fees.

However, it now appears that he could be about to keep reins of the club, which could spell bad news for fans, who have been angered with the way he has operated during his tenure.

The Verdict:

Newcastle appear to be edging closer to retaining their Premier League status once again this season, which will have only increased the value of the club, which may have made it even harder for Ashley to sell.

If he does decide to take the Magpies off the market, then it will be interesting to see what he does in the summer in terms of recruitment and investment, as they will need to spend to improve.

Rafa Benitez is another issue as the Spaniard’s contract is set to expire in the summer and with the pair having different ideas on player acquisitions, Ashely remaining may see the manager leave St James’ Park.

Newcastle fans – thoughts?

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