Ashley puts Newcastle United up for sale

Ashley puts Newcastle United up for sale

This time, though, it seems the club really could be about to change hands.

Despite clearing existing debts and securing the club's financial future when he arrived, the Sports Direct entrepreneur has had a rocky 10 years with Newcastle, including two relegations and frequent discord with supporters.

The statement said Newcastle has made a public announcement due to growing "press speculation", which increased after the appearance of financier Amanda Staveley at Newcastle's game against Liverpool this month. "However, it is now a case of making sure the price is right for all parties".

Newcastle have been relegated twice since Ashley took charge in 2007.

Newcastle United have confirmed that the club is up for sale. "Clubs the size of Newcastle aren't bought and sold every day".

"That would allow for a period for serious interested parties to put themselves forward, for a diligence process to carry on, and then hopefully by Christmas for a sale to conclude with the sort of flexibility around terms we have discussed".

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January 2008: Manager Sam Allardyce sacked and replaced by Kevin Keegan. However his ownership was a turbulent one, marked by protests from fans and hard relationships with various managers.

The news that Newcastle United is now formally up for sale will gladden the hearts of every member of the Toon Army.

If Newcastle do have a new owner, it is likely to encourage Benitez to stay at St. James' Park, as he should have the money to spend on creating the squad he desires for the Tyneside club. The Magpies are in the midst of a successful season under manager Rafa Benitez, now sit ninth in the table.

If Newcastle can attract ambitious owners and big investment, Benitez - who has had run-ins with hierarchy in the past it should be stressed - might be able to tap in even more successfully to the huge potential this club possesses.

And that's it. It all comes down to the price Ashley is willing to accept.

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