Newcastle United owner Mike Ashley is reportedly interested in selling the club.

Ashley is apparently ready to sell just a few months after buying the Magpies for £130m and his representatives approached DIC, offering to sell for £300m, according to the Daily Telegraph.

The Dubai-based consortium were reportedly uninterested at that price and remain committed to buying Liverpool from Americans George Gillett and Tom Hicks.

It now seems that Ashley's best chance of selling Newcastle United will be to a local consortium who could offer around £250m and the incentive of Alan Shearer's involvement.

"Alan has been contacted by a group who want to try to buy Newcastle," a source is quoted in the Daily Telegraph.

"They're from the North East. What they want from Alan is not his money but his support, his blessing."

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