The board met Ashley, who recently bought a 41.6% stake in the club from Sir John Hall´s family, to determine his intentions for the club.
Under stock exchange rules, he was required to submit a formal takeover bid and today´s announcement appears to have taken his St James´ Holdings Limited group close to that goal.
© Copyright PA Sport Ltd 2007, All Rights Reserved.
Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: https://www.givemesport.com/writeforgms