Magpies refute takeover talk

By PA Sport  August 21, 2007
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These stories are complete news to the club....
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Newcastle today played down speculation that billionaire owner Mike Ashley could be ready to sell out just months into his reign.Reports from Iceland on Monday night suggested the sports retail magnate had held talks with potential investors Palmi Haraldsson and Jon Asgeir Johannesson over a £135million-plus takeover.However, a club spokesman was swift to dismiss the claims, saying: "These stories are complete news to the club."

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