Mike Ashley is inviting offers for Newcastle United.
The Telegraph says Ashley is willing to listen to offers to sell Newcastle as he looks to bring an end to a troubled seven-year reign at St James' Park.
Ashley has become involved in the running of Rangers and is interested in taking complete control. However, he has been prevented from increasing his stake to more than 10 per cent by the Scotland Football Association as he already owns Newcastle.
Uefa rules stipulate the same person cannot own two clubs that might meet each other in European competitions, and while neither Rangers or Newcastle are playing in Europe, they could in the future.
He could be willing to offload Newcastle for around £230 million, which includes repayment of the £129 million he is owed in the form of interest-free loans. Ashley paid just £134 million to buy Newcastle from Sir John Hall and Freddie Shepherd in 2007.
The Telegraph says anyone who claims they are interested in negotiating a price will be asked to pay for the use of a box at St James' Park for 10 years up front to prove they are serious bidders.
