By Laura O'Leary

12th Nov, 2017 | 1:42pm

Big takeover update after news that Newcastle price has been agreed with Staveley - reports

By Laura O’Leary

A report has surfaced suggesting that Amanda Staveley and her PCP group have agreed to buy Newcastle United for £300 million, though club sources are rejecting the development, according to the Chronicle.

The report, cited by the Chronicle as being from Indonesian outlet Semuanyabola, claimed that the price of £300million had been agreed and that a deal would go through in December – ahead of early estimates.

It also claimed that Benitez would have a huge transfer fund available to him, with the report estimating that between two transfer windows Benitez could spend up to £500 million.

However, the Chronicle claims that a deal is no closer to being done than it was a few weeks ago,

It goes on to say that a bid has yet to be made by Staveley and her PCP partners, which would ruin Mike Ashley’s goal of selling the club by the start of 2018.

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Newcastle United are currently 11th in the Premier League, just inside the bottom half of the table, after a string of two consecutive defeats has seen them slide down the table.

They lost both games – against Bournemouth and Burnley – by a goal to nil.

In other Newcastle United news, this man is a huge doubt for the club’s clash with Manchester United on Saturday.

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