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Mike Ashley takes Newcastle United off the market

The ongoing saga around Newcastle United FC has taken another turn as under-fire owner Mike Ashley has taken the club off the market after 17 months. The Magpies’ owner has been asking for around £280m (€327m/$371m) for the club.

Ashley’s decision to take the Newcastle United off the market will no doubt be met with apprehension by many of the club’s fans. The Sports Direct founder, who has owned the club since 2007, has had a rocky relationship with supporters throughout his time at the club. Ashley’s tenure has included two relegations from the Premier League and consistent speculation as to the future of his ownership the club.

In December, it was reported that Ashley was in “advanced talks” to sell the club. This came less than a year after a proposed takeover from Amanda Staveley fell through. 

Throughout his tenure Ashley has been criticised for lack of spending and ambition but Newcastle shattered its transfer record with the signing of Miguel Almiron in the most recent transfer window.