Newcastle United have rejected bids from Chinese investors looking to buy the club, according to a report.
Owner Mike Ashley made it clear that he was not willing to sell after the club dropped out of the Premier League last season.
And the Daily Telegraph reports that a number of foreign investors have since approached the club about a sale.
Chinese consortiums were reportedly "at the front of the queue".
However, they have all been told by managing director Lee Charnley that the club is NOT on the market.
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Newcastle are top of the Championship and odds-on favourites to return to the top flight at the first attempt.
Charnley and manager Rafa Benitez oversaw a huge squad rebuilding project in the summer which saw a dozen players, including Dwight Gayle and Matt Ritchie, recruited for a promotion push.
But the club still turned in a £30million-plus profit on transfers in the last window thanks to the high-profile departures of Moussa Sissoko, Georginio Wijnaldum and Andros Townsend.
Meanwhile, there has also been interest in North East rivals Sunderland from Chinese investors.