Mike Ashley yet to receive 'acceptable' offer to sell Newcastle
By Kaveh Solhekol, Sky Sports News Reporter
Last Updated: 17/10/18 2:42pm
Mike Ashley has not received any "acceptable" offers for Newcastle a year after he officially put the Premier League club up for sale.
Ashley's lawyer appeared on Sky Sports News last October to announce that Ashley had taken Newcastle as far as he could.
Andrew Henderson, of Dentons, said: "I think there's a view that over the years there has been a considerable investment, perhaps a feeling that all that can be done has been done. So, it is probably just a recognition that it might be time for a change".
The aim was to sell the club by last Christmas, but despite expressions of interest, no serious or acceptable offers have been made.
A group of Saudi Arabian investors are the latest interested party, but no contact has been made with Ashley's camp.
'Newcastle a waste of potential'
Newcastle are a "top six" club and are wasting their potential under the ownership of Mike Ashley, according to the Sunday Supplement panel.
Ashley will not sell unless he receives assurances that prospective new owners have the funds to take the club forward.
Businesswoman Amanda Staveley tried to buy Newcastle for £250m last year, but she could not agree a deal with Ashley.
In September, there were reports that former Manchester United and Chelsea chief executive Peter Kenyon was trying to form a consortium to take over at St James' Park.
Newcastle are currently 19th in the Premier League and have not won any of their opening eight matches this season.