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Newcastle United put up for sale as Mike Ashley seeks swift exit

• Ashley’s lawyer says it is hoped deal can be concluded by Christmas
• Option of staggered payments also being offered to potential suitors

Mike Ashley has confirmed that he is actively attempting to sell Newcastle United. Although the Sports Direct owner has been open to offers for the club since the turn of this year, Ashley has now instructed St James’ Park officials to issue a formal statement clarifying his intentions for a swift exit.

Andrew Henderson, the lawyer for Ashley’s company St James’ Holdings, revealed the hope is to conclude a sale by Christmas. He said: “Our intentions are to see if the club can be bought by new ownership by potentially Christmas. That would allow seriously interested parties to put themselves forward. It would allow a diligence period to carry on, then hopefully by Christmas a sale could conclude.”

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