Ashley: Newcastle not for sale

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Newcastle owner Mike Ashley will not sell the club “for the remainder of this season and at least until the end of next season…for any price.”
Speculation was rife that the entrepreneur was considering selling the Barclays Premier League club in a bid to increase his stake in Scottish Championship side Rangers.
But in a brief statement to the Stock Exchange, he said: “I will not be participating in the open offer (to buy shares) which closes at 11am today, Friday, September 12, 2014.”
The 50-year-old is listed as having a stake of around 4.6 per cent in Rangers, but he has also secured the naming rights for Ibrox in a deal to control the club’s merchandising sales through his Sports Direct firm.
And later on Friday afternoon, Newcastle issued a statement which revealed that the Daily Telegraph has been banned by the club for a series of reports on the matter.
The statement said: “The truth is Mike Ashley remains committed to Newcastle United.
“For the avoidance of doubt, this means that for the remainder of this season and AT LEAST until the end of next season, Mike Ashley will not, under any circumstances, sell Newcastle United at any price.
“The club cannot be stronger in stating its position on this matter.”

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