Freddie Shepherd has today announced a consortium bid from a group of Northern investors interested in pissing on the business grave of Mike Ashley, the current owner of Newcastle United.

According to reports Shepherd and his consortium have offered up to £60 million, the same price just paid for a single player in Christiano Ronaldo, for the opportunity to rub Ashley face in the ridiculous mess he has made of the North-Eastern football club.

The consortium is said to also want to obtain control over Newcastle F.C and continue the decade long running-into-the-ground of the delusionally self-proclaimed ‘biggest club in the world.’

Shepherd said today through a mouthful of pie and money, “Its funny really. Everyone thought i was just some pig fat swilling chump with a stupid face. Little did they know my plan to sell Newcastle at an inflated rate to an idiot with no idea how to run a football and then buy it back three years later for a third of the price would actually work.”

Shepherd, well known for accurately referring to females in Newcastle as ‘dogs,’ is said to be hoping to further manipulate the ridiculous optimism of Newcastle fans by installing Alan Shearer as manager and watching as shirts sales continue to increase as the club sinks further into obscurity.