Mort: no Newcastle takeover

Newcastle chairman Chris Mort has dismissed speculation that the club are looking to sell to a consortium led by Newcastle legend Alan Shearer. The club's owner Mike Ashley was also reportedly in discussions with Dubai Investment Capital with regard to a potential sale.

"The reality is that the Alan Shearer story and the PCP story were both absolute rubbish," Mort told the Times.

"Alan has obviously denied he has been approached by a consortium and we had never heard of PCP until Monday's story."