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ASH TOON EXIT NEAR.

Byline: SIMON BIRD

MIKE ASHLEY has moved closer to selling Newcastle after Tyneside businessman Barry Moat tabled his first written offer for the club.

The SportsDirect tycoon is now considering Moat's bid, which comes in at just under pounds 100million.

Ashley attended Saturday's clash with Bristol City and was in the directors' box as fans chanted for him to "get out of our club".

Moat made his move at the end of last week after talks with Ashley over the structure of a deal and gaining approval to take on the club's pounds 25m overdraft.

Ashley must decide whether to hold on to the club until the summer, when the value could double if promotion is won, or bail out now.
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Title Annotation:Sport
Publication:The Mirror (London, England)
Date:Oct 6, 2009
Words:121
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