Administration rumours rejected by Newcastle Utd
Mike Ashley won't be placing club into administration, despite losses
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.