NEWCASTLE United Football Club is up for sale, with an asking price of £100m, the club's ownership confirmed today.

It emerged last week that owner Mike Ashley was ready to relinquish control of the club, recently relegated from the Premier League.

A statement on the club's official website this morning reads: "The board of Newcastle United can today confirm that the club is for sale at the price of £100m.

"Interested parties should contact Newcastle United at admin@nufc.co.uk (or Keith Harris at Seymour Price) for further details.

"The club will not be making any further comment at the present time."

More later