3 months ago 04th Jul 15:44
Talks have taken place over the potential sale of Newcastle.
It is understood representatives of owner Mike Ashley have met counterparts from New York.
A report claimed Ashley named a price of £420m - about £286m more than he paid for the club a year ago.
Newcastle dismissed it as "absolute nonsense" but sources in the US claimed initial talks had taken place.
Former chairman Freddy Shepherd had already fought off a series of potential takeover bids when Ashley made his move last summer, eventually securing a £134.4m takeover.
He has since ploughed around £100m into the club to address the debt situation he inherited and to strengthen the squad.
Ashley has now embarked upon a economy drive in an attempt to slash transfer expenditure and a spiralling wage bill.
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