Newcastle United for sale : previously £481 million, now just £300 million

Newcastle owner Mike Ashley has today significantly reduced the asking price for the club to just £300 million. Ashley had been looking for as much as £481 million when he first put the club up for sale about two weeks ago but he must now realise that the club is not worth that amount of money and has therefore reduced the asking price.

Following the announcement that the Nigerian consortium interested in buying the club had officially made an offer, many people have speculated as to how much they have actually offered Ashley for the club. From what I can gather, it is obvious to me that the consortium only bid somewhere in the region of £200-£250 million which has led to Ashley's rethinking of his first asking price.

Anyway let's hope one way or another the club is indeed sold so that we can get Ashley out of the Premier League. It was obvious from the minute he walked in the door at St James' Park that he couldn't run a football club and so has proven the case. I think most Magpies fans will agree with me here, Get rid of Ashley and bring back Keegan.