Newcastle owner Mike Ashley has revealed he wants to sell the club "as soon as I can".
Earlier this week Ashley apologised for mistakes he made during the season which ended in relegation from the Barclays Premier League.
Now he wants to offload the club and recoup some of his massive investment. "It has been catastrophic for everybody. I've lost my money and I've made terrible decisions. Now I want to sell it as soon as I can ... advisers will be appointed shortly," he told The Sunday Times.
Ashley had sought a buyer last year, following supporters' angry criticism after Kevin Keegan's departure from the club. He now regrets buying his 100% stake in Newcastle in 2007.
"Of course I regret it," he said.
"I never said I was an expert in football clubs. I was just a fan - although a very wealthy fan. But I'm not so wealthy now. I put my money into it and I tried my best. But I accept my best was woefully short. I am genuinely sorry for everybody about what has happened."
Comment 29 - 48 of 48
Hutch, he keeps getting wig in his eyes
Mr Impactclean -
Your spelling and grammar are no better - are you using a keyboard with no letters on it?
Mr Checkerboard -
Did you not get that job cleaning up the rubbish in White Hart Lane? Let me guess, you failed the intelligence test? Please go back to the job centre and don't post again until you are contributing to the country.
hey up connolly,
your quite right,ashley bought into rot,as a fan he wanted glory for nufc,but the advisors and managers at this club abused his naevety,150 staff,yes 150,and not one of them was prepared to wise up mr ashley,unfortunately the left overs from freddie,who no doubt were still recieving instructions on how not to assist mr ashley,and,ensure that he cocked up,big style,freddie is waiting in the wings his work is done.
freddie will buy back,and guess what his best mate,yes best mate keegan might well be reinstated,"what do you reckon".!!!!!!!!granny
Jason B comment 43, what had Fergie done before Man Utd?
Hmmm let me think....he was the manager of Aberdeen right?
He won the Scotish title 3 times
Scotish Cup 4 times
Scotish league cup once
Won the European Cup winners cup beating Real Madrid!
Won the European Super cup
Well.....what are you going to say to that?
Tony K,
YA CAMERON IS THE BANK MANAGER OF NORTHERN ROCK.THATS WHY HE FEELS NEWCASTLE IS AN INVESTMENT.HOW MANY BANK MANAGERS GOT THE WISE BRAINS? A BANK MANAGER MIGHT NOT BE A FINANCIAL ANALYST YOU IDIOT
colin h, re your comment 39 have you noticed that nearly all your comments are hidden due to their low rating and those that aren't are thumbs down anyway. I myself will agree with the vast majority that you are indeed the biggest prikk on this site at this moment in time.
Colin H what had fergie done before man u, what had keegan done before nufc i'll answer that for you, f--- all. Tunnel vision and insular, recipe for disaster. See words go both ways cunny funt
its not that long back when there was only 11,000 of these real fans attending the mag home games
Few bigger names than Shearer, Jeeze you need to talk sense, what the hell has he done as a manager???, i'll answer that for you, f--- all. Tunnel vision and insular, recipe for disaster.
Didn't a ref retire after death threats from Chelsea fans? Alan Shearer wants to manage the club and there are few bigger names than him in world football. Talk sense.
Have you noticed that out of the three relegated clubs West Brom and Boro have had more sympathy about it than you. In fact most of the football fans in this country have been laughing at you, now you cannot use the manu jealousy bit, what the hell have you got to make them jealous?. Relegation or not i do not see any big name managers queuing up to manage your club, why ???, the fans, passion no doubt, but you are also real nasty, the abuse from you is second to none, death threats etc.. Everybody knows that if you are not Geordie you will not be welcome, the championship is harder to get out off than staying in the PL, and i think you have much to fear, ie a Leeds. Ashley did not come to wreck the club, nor did Wise, don't you think other people read these forums, players, investors etc., what kind of signals do you send?. Start all holding your hands up and say enough is enough and stop pointing fingers, you have all gone down together, you can only come back together otherwise you are doomed to years and years of second rate football.
sorry guys just checked my spellings & they are shucking focking
eeee checkerboard thinks he's dead funny & clever - little does he know it's all been said before 100's of times - caft dunt
To Yahoo/Eurosport, I find it very upsetting and offensive that this story and Newcastle are still listed under the Premiership. This story should be in the Championship section! Then in 2010 the league one section!
It's an insult to all Premiership teams including the biggest team in the North east Sunderland!
Poor journalism guys. As soon as the final whistle blew against Villa Newcastle should have been put in the Championship section. I tfind it very upsetting and distressing that this has not been the case. I think I will contact my lawyer and sue sombody about this!
Ok Mike get yourself away .......oh yeah and thanks for paying off all those debts as well ...Shame you got us relegated, halved the value of your own assets and are leaving us right in the @#$%e.
Mr Ashley you got NUFC into this mess and you want to cut and run?.Its a bit different running a football club compared to a "pile them high,sell them cheap"retail group isnt it ?.A bit late to show contrition now isn't it?.Weasel words from a "man" with all the charm of a worn out bog brush and wants to leave it to some one else to sort out.
forgot to say ive got my 3k here
very assute englishman & cameron leave ashleyliam he's just roused from his white lightning indused stupour
so now hopefully a suitable investor with sound business accumin will come & take nufc off ashleys hands - & he sells at a realistic price - otherwise i'll have my £3k ready
As long as we (that is the loyal fans) keep up our attendence and Shearer sticks with us then this club will stablise and Nufc will get through this and we will become a strong club, once again. Just keep looking forward people and believe.
Long live the legend
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