Ashley edges closer to takeover

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Football News
A job Sam Allardyce has described as a "massive challenge" may soon be made a little easier after reclusive billionaire Mike Ashley´s projected takeover moved closer to completion.

Ashley surprised Newcastle officials by attending St James´ Park in person on Thursday to discuss the finer points of his bid to increase the 41.6% shareholding he purchased from Sir John Hall last week.

Ashley is believed to have been negotiating to increase his shareholding to 54%, effectively giving him control of the club, although Financial Dynamics, the public relations company handling Ashley´s interest, refused to comment.

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Premier League
Newcastle United

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