Newcastle want money up front from Moat

Newcastle owner Mike Ashley has told local businessman Barry Moat the club is his for "£80million up front," and no instalments.

"Barry Moat has been driving me mad for two years," he told The Times.

"If he wants to buy the club, he's got a one-off opportunity to come up with the cash - £80m up front.

"I have to put £20m a year into the club - I spend more than every other fan put together puts into the club each year. If you can't pay up front to buy the club, you can't afford it."

Ashley also admits that he does regret buying the club two years ago, when he paid more than £130million and also paid off substantial debts.

"Of course I regret it," he said.

"I never said I was an expert in football clubs. I tried my best. But I accept my best was woefully short."