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Mike Ashley breaks silence on Newcastle takeover and says he rejected higher bid

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Mike Ashley has broken his silence after the sale of Newcastle United to a Saudi-backed consortium was completed on Thursday.

The Sports Direct supremo sold the Magpies to the Saudi Public Investment Fund, fronted by Amanda Staveley, for £305million.

Confirmation arrived on Thursday evening, with thousands of jubilant fans gathering outside St. James's Park to celebrate the news.

Newcastle's new owners have promised significant investment, marking a contrast from Ashley's frugal 14-year reign on Tyneside.Ashley was disliked by the club's fanbase who often criticised the decisions he made and the lack of money spent on the squad.

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