World Bulletin / News Desk

The Evening Standard stated that Yildiz Holding chairman, Murat Ulker was prepared to pay £220million to purchase the club from Mike Ashley.

The much-maligned Newcastle owner Ashley announced on Monday that the North East outfit were up for sale.

However, a statement from Ulker's Yildiz Holding company said: "The company is not purchasing Newcastle United football club and no discussions about the team have taken place.

"We wish them the best of luck in finding a new owner."

According to the announcement made by Yıldız Holding, 'Newcastle United' news is not reported correctly.