Newcastle dismiss talk that club is for sale

By Telegraph staff and Agencies Newcastle United's managing director Derek Llambias has dismissed suggestions that owner Mike Ashley is looking to sell the club. "Reports last week claimed American investors InterMedia Partners had been approached about a possible takeover of the club, which Ashley bought for £134.4 million last summer before spending £100 million in paying off debts and strengthening the squad. "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," Llambias, who was promoted from deputy chairman following the departure of Chris Mort last month, told Newcastle's official website "At a time when everyone at Newcastle United is working hard to prepare for the new season ahead, it is... [read full story]