In Brief

Newcastle United boss Mike Ashley says he won't sell

Businessman regrets buying beleaguered club and tells fans there's no more money for players

Mike Ashley "regrets" buying Newcastle United but says he is "wedded" to the team and will not sell - even if the Magpies are relegated for the second time since he took over.

However, the Sports Direct boss admitted he no longer has any say in the running of the club he bought in 2007 and warned he would not offer the board more money for players.

"Do I regret getting into football? The answer is yes," he said, in a rare interview carried by most newspapers.

"I have had tonnes of fun in it but I haven’t been able to make the difference I wanted to... I wanted to help Newcastle, I wanted to make it better. I do not seem to have had that effect."

Asked if going down to the Championship again would make him sell up, he replied: "I am wedded to Newcastle… They've got me and I've got them. That's just the way it is." 

Ashley also says he had handed over the day to day running of Newcastle to Lee Charnley and the board on account of the "negativity" around his stewardship.

"I don't know what players they sign, I don’t know what team they are going to pick on a Saturday," he said.

He added that he will not be giving any more money to the club, which owes him around £130m, but does not pay interest on the debt, according to The Times.

"All I said was, 'There is a bank account and when you have emptied it, it is empty... Don’t come crying to me for any more money. But you have a big balance in the bank account so have a go.' They proper had a go at it this season I think everyone would agree and the result has not been ideal. There is virtually nothing in the bank account, they have emptied it," he said.

Newcastle are now second from bottom of the Premier League and three points from safety. New manager Rafa Benitez, who took over from Steve McClaren earlier this month, has earned only one point from his first two games in charge.

Recommended

‘Netflix of sport’ DAZN in advanced talks to buy BT Sport 
DAZN cameraman
In Focus

‘Netflix of sport’ DAZN in advanced talks to buy BT Sport 

Jimmy Greaves: the greatest striker England has ever seen 
Jimmy Greaves has died at the age of 81
View from the terraces

Jimmy Greaves: the greatest striker England has ever seen 

Messi vs. Ronaldo: how football’s two superstars compare
Lionel Messi and Cristiano Ronaldo
Profile

Messi vs. Ronaldo: how football’s two superstars compare

A World Cup every two years - for football and rugby union?
Football’s Fifa World Cup and rugby union’s Webb Ellis Cup trophies
Pros and cons

A World Cup every two years - for football and rugby union?

Popular articles

Doctor says we should not sleep naked because of flatulent spraying
The feet of a person sleeping in a bed
Tall Tales

Doctor says we should not sleep naked because of flatulent spraying

Penguins ‘might be aliens’
Penguins
Tall Tales

Penguins ‘might be aliens’

The man tasked with putting a price on 9/11’s lost lives
Kenneth Feinberg at a Congressional hearing
Profile

The man tasked with putting a price on 9/11’s lost lives

The Week Footer Banner