Newcastle United has denied suggestions the club is on the brink of
Senior figures at St James’ Park have refuted rumours Mike Ashley will place
the club into administration if a buyer is not found over the coming weeks,
It has been reported widely that Newcastle are being run on a day-to-day
basis through a bank overdraft of £35m or more.
Singapore-based Profitable Group has also announced it is withdrawing its
interest in the club.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children