The sportswear tycoon bought a 41.6% holding in the St James´ Park club from former chairman Sir John Hall and his family on Wednesday for in excess of £55million.
Because of a fractured rib current chairman Freddy Shepherd was out of circulation when news of St James´ Holdings Limited´s takeover bid, which would be worth £133.1million in total, broke on Wednesday. But a board meeting has now taken place and Ashley has been invited to "an early meeting" next week.
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