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Newcastle no longer for sale

Newcastle owner Mike Ashley confirmed on Sunday morning that the club are no longer for sale after failing to find a buyer.

The billionaire sportswear magnate has decided to push ahead with his own plans for the club following a three-month campaign to find a purchaser.

Ashley engaged the services of investment bank Seymour Pierce after deciding to call it a day at St James' Park in September following mass protests against his regime in the wake of Kevin Keegan's departure as manager.

Ashley launched a £134.4million takeover of the club in May last year and has since invested around a further £100millon in servicing the debt burden and attempting to strengthen the playing squad.

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