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Has Mike Ashley lowered his asking price to sell Newcastle United?

Mike Ashley
(Image: DAILY RECORD)

Pressure is growing from the club’s supporters on the unpopular owner, with a protest against him taking place ahead of Saturday’s defeat to Arsenal at St James’ Park.

And it would appear Ashley is maybe trying to get the word out about his new desire to sell the Magpies at a lower price.

Reports on Tuesday morning suggested the Sports Direct owner had dropped his asking price from around £380m to around £300m - which matches information we were also given.

Late last year Ashley ended talks with Amanda Staveley’s PCP group branding them a ‘complete waste of time’.

But it does appear Ashley is trying to get the word out that he’s willing to start re-negotiating.

Just last week our NUFC editor Mark Douglas broached the subject of a takeover during one of our question and answer sessions, which you can read here.

On September 12, Mark wrote: “I know of interest: I can tell you there are at least two interested parties I’ve been told about (one would be PCP Capital, who retain interest but not at the prices being quoted). But whether it ever amounts to anything more than that is the £400million question.

“Or should that be £300million, because two weeks ago I was told friends of Mike Ashley were saying he would accept an offer in that region if there were no clauses attached to it. The same person said he was fed up with football - although I’ve heard that before.

“I thought the weekend column we ran by Neil Mitchell detailing the problems potential investors have had dealing with Ashley was instructive.

“Neil is someone who has been at the front line of this and wrote: ‘His behaviour and negotiation tactics, his disengagement from the process and the hands off attitude he takes are similar to his ownership of the club.

“‘They all serve to disrupt, upset and frustrate buyers to the point the deals break down, it leaves a bitter taste and Ashley’s PR machine portraying him as the unfortunate victim of it all.’

“I would think that when he does sell - and he will, eventually - it will be done quickly because whatever it is that is encouraging him to hang on to Newcastle at the moment is no longer his biggest motivation. It could be an overnight deal that catches us all out.

“Until then, I’ll be watching fan movements and Benitez’s future with interest. They are both key to what happens next, in my opinion.”

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