Newcastle United Up For Sale

English Premier League club Newcastle United, have been put up for sale by owner Mike Ashley.

The Magpies who are England’s ninth most successful club of all time, are four times League champions and six times FA Cup winners.

The Magpies have been relegated twice from the English top flight during Ashley’s 10-year reign.

BBC reports that after winning promotion last season, Rafael Benitez’s side are ninth in the Premier League table after eight matches.

“Newcastle United requires a clear direction and a path to a bright and successful future,” a club statement said.

“To give the club the best possible opportunity of securing the positioning and investment necessary to take it to the next level, at what is an important time in its history, its present ownership has determined that it is in the best interests of Newcastle United and its fans for the club to be put up for sale.”

“To give an incoming owner the maximum possible flexibility to make meaningful investment in the club, including in its playing squad, the sale process will give interested parties the opportunity of deferring substantial payments.

“A process will now commence of identifying new ownership for the club that will be capable of delivering the sustained investment in and dedication to the club that is necessary for it to achieve its ambitions.”