Newcastle United received a £133.1m ($263m) offer from English billionaire businessman Mike Ashley on May 23, 2007 to buy the club.
Ashley said in a statement "Newcastle United has a wonderful heritage and the passion of its fans is legendary. I am sure that, like me, they are already excited about the prospects for next season under the new manager's stewardship."
Ashley is already the largest shareholder in Newcastle United and currently runs Sports World International, the largest sporting goods retail in the United Kingdom.

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Ashley gives Newcastle £133m buyout offer