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    Living on the edge

    By Phil Holland

    Wednesday, April 29, 2009

    After Monday night's 0-0 stalemate with Portsmouth, Newcastle United fans are coming to terms with the fact that relegation is now a distinct possibility. But while dropping out of the Premier League after 15 years as a top flight club would be a devastating blow for legions of proud Toon supporters, the financial reality of relegation could quickly lead to disaster for the club. After losing half his £1.4bn fortune over the last year, club owner and sportswear tycoon Mike Ashley is reporte ...

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