Mike Ashley is ready to sell Newcastle United.
He told The Sunday Times: "It has been catastrophic for
everybody. I've lost my money and I've made terrible decisions. Now
I want to sell it as soon as I can ... advisers will be appointed
shortly."
Ashley had sought a buyer last year, following supporters' angry
criticism after Kevin Keegan's departure from the club.
Keith Harris, chairman of investment bank Seymour Pierce,
scoured the world looking for buyers after being asked to do so by
Ashley.
