Do Not Sell My Personal Information
  1. Home
  2. Premier League
  3. Newcastle United

Newcastle United: Mike Ashley tax bill news has Magpies supporters panicking over takeover collapse

Newcastle United: Mike Ashley tax bill news has Magpies supporters panicking over takeover collapse - Newcastle United

According to a report from Insider.com, Mike Ashley’s firm Frasers Group has declared that they have cleared up a large part of the enquiry made into a £570 million Belgian tax bill – with these Newcastle United supporters fearing the worst following this update on the owner’s financial affairs. 

Ashley, who has reportedly been in talks with Prince Mohammed bin Salman to sell the club, brokered by Amanda Staveley (The Guardian), has appeared to have received a huge boost in regards to his firm’s financial dealings – with the £570 million tax debacle being cleared up according to a statement from Frasers Group via Insider.com. The Sports Direct magnate, who is apparently demanding a £340 million fee for the sale of Newcastle, is currently in talks with Prince Salman’s Saudi Arabian consortium backed by the country’s Public Investment Fund. Staveley, who failed to buy the club on a sole venture with PCP Capital Partners, is thought to be facilitating the deal in the hopes of gaining a 10% stake.

However, after this report about Frasers Group and the accused Belgian tax bill, Magpies supporters are fearing that Ashley’s incentive to sell has dropped – find all of their best comments from Twitter down below.

Do you think Mike Ashley will at long last sell the club? Join the discussion by commenting below…


To Top

Article title: Newcastle United: Mike Ashley tax bill news has Magpies supporters panicking over takeover collapse

Please leave feedback to help us improve the site: