Publican Charlie Chawke has launched an audacious bid to buy English football club, Newcastle United. Chawke confirmed yesterday that he was putting together a consortium to purchase Newcastle from its present owner, Mike Ashley, for £100m (€116m).
"We're looking at it, alright," Chawke said. "It's a great club. He [Ashley] is looking for £100m. You could probably get it for less with a bit of luck. A year-and-a-half ago he was looking for £600m. The problem is to get the syndicate together. Our syndicate in Sunderland bust up last year so a few of us are interested again but others are not, so we will just have to look at trying to get a few people interested in it."
Chawke was part of the Drumaville consortium, an eight-man group that included fellow publican Louis Fitzgerald and a number of property developers, which purchased Sunderland Football Club for €12.65m in 2006.
Having reportedly invested between €60m and €80m in the club, they pulled out three years later when American businessman Ellis Short bought their stake.