Newcastle United the subject of takeover bid


Reports suggest that a Chinese consortium is interested in taking over Newcastle United, with Owner Mike Ashley weighing his options.

Having tried to sell the club in recent times, it is believed that Mike may give in and sell, if the offer is good enough. The north-east club just recently regained promotion back to the Premier League after winning the Championship title.

In 2015, the club owner had made claims that he would not sell the club until it had won a trophy or qualified for the Champions League. He said ‘‘If we ever get in a position of a Champions League place, that counts as winning something’’.

If the takeover happens, Newcastle will become the second Premier League club with Chinese owners after West Brom were also recently taken over.

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