Newcastle fans have formally launched a campaign to buy the club as they look to raise funds from banks, businesses and fellow supporters.

Sportswear tycoon Mike Ashley recently took the club off the market - for the second time - after revealing he was prepared to part with the club for around £80 million. Ashley has faced repeated supporter demonstrations against his tenure, and last week incensed fans by changing the name of the club’s famous old ground to the sportsdirect.com@St James’ Park Stadium. (more…)

It’s been an incredibly turbulent reign for Newcastle United owner Mike Ashley and you have to wonder how the supporters are going to react to news that St. James’ Park has been renamed “sportsdirect.com @ St. James’ Park Stadium”.

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After shopping the club around for months on end and not getting the offer he was looking for, Mike Ashley has taken Newcastle off the market while giving the full time manager’s role to Chris Hughton until the end of the 2010 - 11 season.

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Although he was initially looking for around 25 Million Pound, Kevin Keegan is set for 2 Million Pound plus interest after an independent arbitration panel awarded the former Newcastle Manager compensation over his controversial dismissal that must be paid within the next seven days.

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Fulham have completed the signing of Damien Duff from Newcastle United for a fee believed to be in the region of £4m. The Ireland international had committed his future to the Magpies following their relegation to the Championship, but his reputed wages of £60,000-a-week always suggested a sale was likely. (more…)

Despite announcing to the world that Newcastle United was putting a freeze on all player movement until the club was sold, Nigerian International Obafemi Martins put the final touches on his move to Bundesliga side Wolfsburg on a four year deal.

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After seeing the club relegated under his ownership and drip money left and right, Newcastle Owner Mike Ashley has taken the extraordinary step of putting a freeze on player movement until the once proud club finds a buyer.

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It’s been an interesting past two weeks for Michael Owen after the press ran him ragged over his representation’s 34 page player brochure, but the 29 year old could be having the last laugh after passing Manchester United’s stringent medical testing at the club’s Carrington training ground.

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