Home England Nigerian consortium to launch bid for Newcastle

Nigerian consortium to launch bid for Newcastle

Toon owner Mike Ashley has revealed he is ready to sell the club should someone meet his £400million asking price.

NVA Management chief executive Chris Nathaniel, who are handling the bid for the group of wealthy Nigerians, said: “All along I have been working hard to get wealthy and football-loving Nigerian entrepreneurs to buy the club since Mike Ashley indicated his willingness to sell the club to the person, people or entrepreneurs who can meet the £400million selling price of the club.

“Right now I am happy to tell you that well-meaning Nigerians have responded and the consortium of entrepreneurs has so far contributed £350m to buy the club.

“Ashley has stood his ground that he won’t sell the club until the money is raised to the asking price of £400m.

“So what that means is that we need to raise another £50m or £100m to shut the door behind the other top Arab companies who are also interested in the club.

“The Arab companies have also indicated interest and made offers — but they haven’t met the asking price too.”