Newcastle United put up for sale as Mike Ashley seeks swift exit

• Ashley instructs club officials to issue statement clarifying intentions
• Option of staggered payments also being offered to potential suitors

Mike Ashley has confirmed that he is actively attempting to sell Newcastle United. Although the Sports Direct owner has been open to offers for the club since the turn of this year, Ashley has now instructed St James’ Park officials to issue a formal statement clarifying his intentions for a swift exit.

Justin Barnes, a lawyer and long-time Ashley associate, has been involved with Newcastle throughout 2017, with his role primarily involving identifying a buyer. It is understood non-disclosure agreements have been signed with more than one party – with interest believed to have come from China – but no formal offer has yet been made or accepted.

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