Newcastle United owner Mike Ashley has revealed he wants to offload the club, just a week after being relegated from the Premier League.
Earlier this week Ashley apologised for mistakes he made this season which ended in relegation from England's top flight.
And he is ready to lose up to £150 million after reportedly deciding to sell the club for a cut-price £100 million.
"It has been catastrophic for everybody," the sportswear tycoon told The Sunday Times. "I've lost my money and I've made terrible decisions.
"Now I want to sell it as soon as I can ... advisers will be appointed shortly."
Asked if he regretted his decision to buy the club two years ago, Ashley, who bought his 100 percent stake in Newcastle two years ago , said: "Of course I regret it.
"I never said I was an expert in football clubs. I was just a fan - although a very wealthy fan. But I'm not so wealthy now.
"I put my money into it and I tried my best. But I accept my best was woefully short.
"I am genuinely sorry for everybody about what has happened."
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Earlier this week Ashley apologised for mistakes he made this season which ended in relegation from England's top flight.
And he is ready to lose up to £150 million after reportedly deciding to sell the club for a cut-price £100 million.
"It has been catastrophic for everybody," the sportswear tycoon told The Sunday Times. "I've lost my money and I've made terrible decisions.
"Now I want to sell it as soon as I can ... advisers will be appointed shortly."
Asked if he regretted his decision to buy the club two years ago, Ashley, who bought his 100 percent stake in Newcastle two years ago , said: "Of course I regret it.
"I never said I was an expert in football clubs. I was just a fan - although a very wealthy fan. But I'm not so wealthy now.
"I put my money into it and I tried my best. But I accept my best was woefully short.
"I am genuinely sorry for everybody about what has happened."
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