Mike Ashley’s Valuation of Newcastle United Halted Takeover By Britain’s Richest Man

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Mike Ashley’s Valuation of Newcastle United Halted Takeover By Britain’s Richest Man
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Over the summer, amid all the talk of a Middle Eastern takeover of Newcastle United, one man much closer to home was baulking at the valuation set by owner Mike Ashley.

Forbes

“We'd obviously been looking at Premiership clubs as well. We spent quite a lot of time looking at Premier League clubs,” Ratcliffe told BBC Radio 5Live. “Obviously people talked to us about Newcastle as well. But again you come back to a valuation in the hundreds of millions and it's very difficult to contemplate.LONDON, ENGLAND - FEBRUARY 02: Mike Ashley, Newcastle United owner is seen in the stands prior to the Premier League match between Tottenham Hotspur and Newcastle United at Wembley Stadium on February 2, 2019 in London, United Kingdom.

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