Newcastle owner Mike Ashley considering Chinese investment

Newcastle owner Mike Ashley has never really been the most popular man on Tyneside, and it appears he could be about to split opinion once more.

According to reports from the Newcastle Chronicle the controversial owner is open to the idea of selling the club, or a percentage of the shares, to Chinese investors.

Whilst the club are yet to comment on the situation regarding interest from a Chinese investors, given their strong stance against any suggestion of takeover in recent years, there could well be more to come on this one.

Chinese interest in the Premier League is growing, with West Brom already under Chinese ownership and Southampton reportedly close to a takeover. Whilst a takeover would divide supporters there is no doubt it could define the next era at St. James’ Park given the wealth it would bring.

Although Ashley has had his fair share of foul-ups whilst in charge of the Toon Army, it is quite clear that he won’t take any decision over the club’s future lightly, having ploughed in hundreds of millions in interest free loans during his time at the helm.

As per the Chronicle, the club’s latest set of financial records the club still owe Ashley and his companies £129m in terms of loans.