Mike Ashley eyeing Derby County takeover after selling Newcastle United

Pride Park Stadium-Derby County FC

The English billionaire recently sold Newcastle for 305m pounds to a Saudi Arabian Consortium.

Mike Ashley‘s more than a decade-long run as Newcastle United owner came to an end days ago after selling the club to Saudi Arabian consortium PFI.

The Magpies fans are relishing the takeover as their club currently has the richest owners in world football.

At the same time, they would be more than relieved to part ways with Ashley, with whom they haven’t enjoyed a good relationship.

Ashley has often received criticism for Newcastle’s lack of direction and the inability to compete with top clubs in the last decade.

Having been a mid-table club for the last few years, Magpies’ start to the new season is quite disastrous. They are currently in the relegation zone and reports are stating that manager Steve Bruce could be sacked soon.

Ashley doesn’t look like he will be staying away from the game for too long, as a report from the Daily Mail states he is looking at the prospect of taking over the Championship club  Derby County.

The Rams had earlier entered administration due to the financial woes and also received a twelve-point deduction as a consequence.

Derby’s administrators have received plenty of proposals from potential buyers as they are looking to end the club’s financial crisis.

Ashley wants to enhance the public relations for his company Sports Direct and he believes the acquisition of Newcastle would be the optimal solution. And his firm’s headquarters is only 30 miles away from Derbyshire.