Ashley cuts Newcastle price tag
Ashley announced he was selling after fan protests
Newcastle owner Mike Ashley has reduced his asking price for the club from £450m to a figure in the region of £280m to £300m, BBC Sport understands.
Having paid £133m for the club and paid off its loans, a price of £300m would still leave him with a profit of £50m.
"Newcastle is a private company and Ashley has no shareholders to consult before accepting a bid," explained BBC Sports Editor Mihir Bose