Morton chairman coy over takeover talk

As reported on Wednesday, Derek Llambias and Alan Carr mett with Sandy Easdale at a game featuring Morton's reserves, to open talks on a possible takeover and feeder arrangement. 

"We can confirm that Derek Llambias and Graham Carr attended Cappielow with Sandy Easdale on Monday in order to watch our talented youngsters turn out for the reserves in their match against Queen of the South," Rae said in a statement. 

"We have invested heavily in our youth academy and we can see that really beginning to bear fruit, something that is being recognised across Scottish football and beyond.

"While Derek and Graham were at Cappielow, we took the opportunity to give them a tour of the stadium, and they were very impressed with the whole set-up at the club.

"To receive interest in our operations from such high calibre individuals within the game suggests that we must be doing something right.

"We are always open to dialogue with interested parties who might want to discuss investment, no matter the level, with the sole aim of developing our club further as we aim to realise our maximum potential."

Ashley is a hugely unpopular figure at Newcastle, having previously admitted to lying and deliberately misleading the fans and general public over his running of the club.