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.”