Newcastle for sale at $158m

LONDON: Newcastle United annnounced yesterday they were up for sale at an asking price of 100 million pounds ($158 million).

The north-east side were relegated from the lucrative English Premier League on the final day of the season and owner Mike Ashley, who was almost once before hounded out of the club by angry fans, has now decided to sell-up.

"The board of Newcastle United can today (Monday) confirm that the club is for sale at the asking price of 100 million pounds," a club statement said. "Interested parties should contact Newcastle United (or Keith Harris at Seymour Pierce) for further details.