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Mike Ashley banking significant profit from Coventry City but not close to his Newcastle United bonanza

Fair play to Coventry City for their determination in getting back to the big time but Monday should be about Newcastle United securing another win on the road under Matthias...You can click here to read the full article.

Published: Sunday, 11 October 2026 at 10:35 AM
Mike Ashley banking significant profit from Coventry City but not close to his Newcastle United bonanza
Key Things to Know
  • Mike Ashley secured a significant profit after selling the CBS Arena to Coventry City's ownership for up to £40m.
  • Ashley's Frasers Group originally purchased the stadium and related assets for a reported £17m in November 2022.
  • The Mag argues Ashley's arena profit is still far below his overall financial gains from Newcastle United.
The Story in 60 Seconds

The Mag highlights that Mike Ashley generated a significant profit by selling the Coventry Building Society Arena to Coventry City's current owners for up to £40m. Ashley's Frasers Group previously acquired the stadium and surrounding assets for a reported £17m in November 2022, though the writer notes this windfall remains smaller than his returns from Newcastle United.

The piece also previews Newcastle United's Premier League fixture against Frank Lampard's newly promoted Coventry City. Ahead of the trip under manager Matthias Jaissle, Newcastle expects several key players, including Nico Gonzalez, Lewis Miley, William Osula, and Joelinton, to be available in the matchday squad.

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