Newcastle fans launch buy-out attempt

Published Add your comment

Football News

Newcastle fans have formally launched a campaign to buy the club.

They hope - by appealing to fans, banks and businesses - to raise sufficient funds to prise the club from owner Mike Ashley's grasp.

The sportswear tycoon recently took the club off the market for the second time after revealing he was prepared to part with the club for around £80million.

Ashley has faced repeated supporter demonstrations against his tenure and last week incensed fans by changing the name of the club's famous old ground to the James' Park Stadium.

Newcastle United Supporters Trust (NUST), a not-for-profit organisation formed in the wake of former manager Kevin Keegan's constructive dismissal in September 2008, has spearheaded the campaign for him to leave.

NUST spokesman Mark Jensen said: "We have emailed over 40,000 supporters to ask them if and how they want to buy into the campaign to lead a city-wide bid to buy back the club.

"The club is a fantastic investment if run properly and we aim to attract the type of investors who will seek to bring back the values of integrity and honesty to the club.

"We've been in discussions with serious people in the city and beyond and they have thrown down the gauntlet to supporters to lead the charge."

Copyright (c) PA Sport 2009, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE:

Newcastle United
Kevin Keegan

Article Comments

Read more

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again