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Mike Ashley to stay at Newcastle United: Extra £20million to be spent at club

Newcastle are no longer for sale after owner Mike Ashley took the club off the market and confirmed Chris Hughton will become permanent manager.

Hughton has been given a contract until the end of the 2010/11 season.

But perhaps more significantly, Magpies owner Ashley has been unable to sell and has vowed to plough another £20million into the club this week.

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