United senior figures have denied suggestions that its owner Mike
Ashley will put it into administration, after a deal to sell the club fell
Times, the club has denied that their chairman, Mike Ashley,
is considering putting the Tyneside outfit into administration if he fails to
find a buyer, meaning the club would receive an automatic ten-point deduction
from the Football League.
Yesterday the Singapore-based Profitable Group announced they had withdrawn
from the running to buy Newcastle after failing to meet the asking price of
It has been reported that Newcastle’s daily operations are being run from a
bank overdraft of at least £35m, and that Ashley, who is keen not to further his
loss of £250m on the club, is hopeful that a buyer will be found in the coming
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies