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Page last updated at 15:16 GMT, Thursday, 10 July 2008 16:16 UK

Ashley would welcome investment

Mike Ashley
Ashley purchased the Magpies in June 2007

Newcastle United owner Mike Ashley has admitted he would welcome external investment at St James' Park.

Ashley also responded to suggestions in the media that he is looking to sell his stake in the club.

"That is not true. I would say that I am keen to have partners in Newcastle," Ashley told the Evening Standard.

The billionaire's comments came as his Sports Direct empire reported that profits for the year to April halved after a drop in sales.

Ashley took control of Newcastle United from the Hall family in June 2007 for a figure of around 133m.

see also
Sports Direct sees profits halve
10 Jul 08 |  Business
US firm confirms link to Magpies
08 Jul 08 |  Newcastle
Newcastle chairman Mort moves on
17 Jun 08 |  Newcastle
Ashley promises Magpies revival
13 Jan 08 |  Newcastle
Magpies hold 'good' Keegan talks
09 May 08 |  Premier League
Wet weather hurts Sports Direct
19 Dec 07 |  Business
Ashley to take over Newcastle Utd
07 Jun 07 |  Business

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