Football finance expert questions Mike Ashley's Newcastle asking price

A football finance expert has claimed Mike Ashley's asking too much money for Newcastle United.
Lee Charnley and Mike AshleyLee Charnley and Mike Ashley
Lee Charnley and Mike Ashley

The cash value of the offer was worth significantly less than that figure.

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Ashley, according to a report in The Times yesterday, wants £350million for the Premier League club, which he bought a decade ago for £134million.

However, Kieran Maguire – who lectures in football finance at Liverpool University and runs the priceoffootball.com site – has questioned that valuation on Twitter.

Maguire tweeted: "Difficult to see how #Ashley can justify £350m asking price when he only paid £134m ten years ago & has overseen two relegations.

"Shirt sales and 50,000 crowds in stadium unused 340 days a yr doesn’t justify price."