Newcastle sale reports 'utter nonsense': Llambias

New Newcastle managing director Derek Llambias insists speculation owner Mike Ashley is looking to sell the club is “utter nonsenseâ€_. Reports last week claimed American investors InterMedia Partners had been approached about a possible takeover of the club. Ashley bought Newcastle for £134.4m (€169m) last summer and has since invested £100m (€126m) in paying off debts and strengthening the squad. Llambias, promoted from his role as deputy chairman following the departure of Chris Mort last month, insists the current regime is committed to the club. “At a time when everyone at Newcastle United is working hard to prepare for the new season ahead, it is annoying that we have to continually correct inaccurate newspaper stories,â€_ he told club’s official website, www.nufc.co.uk. “Whoever is putting these stories... [read full story]