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Toon’s £225m price tag
Aug 26 2007 by Neil Farrington, Sunday Sun
NEWCASTLE UNITED owner Mike Ashley is ready to name his price to would-be buyers of the club: £225 MILLION.
And he must now wait to see if that figure scares off a Chinese consortium showing interest in the Magpies.
Although a rumoured Icelandic bid for the club came to nothing, the Sunday Sun understands there is real substance to talk of an approach from China.
But whether that will offer Ashley a £50 million-plus premium on his investment in United remains to be seen.
The sports retail billionaire has ploughed around £170 million – £133 million in buying the club, £30 million to reduce its debts and a £7 million net spend on players – into St James’s Park.
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