The Premier League are close to signing off the deal for the Saudi consortium to buy Newcastle United, Football Insider understands.

The ruling body have overseen a forensic investigation into allegations of illegal streaming involving the Saudi government and a homegrown pirate TV and streaming service.

A Newcastle source has told Football Insider that the Premier League has yet to find sufficient evidence to support blocking Mike Ashley’s proposed £300m sale.

Football chiefs have been keen to hold a thorough probe after new legal documents were passed to them last week.

This meant a decision to approve the Newcastle takeover by a consortium involving Saudi Arabia’s public investment fund, Reuben Brothers and Amanda Staveley had to be pushed back.

However, there is how growing confidence PCP Partners’ £300million takeover will soon be ratified.

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That is a massive boost for Newcastle fans, the majority of whom have thrown their weight behind the takeover and the plans for huge investment in the club and playing squad.

It would also bring an end to the reign of Mike Ashley, who is a deeply unpopular figure among the fanbase.

The delay in announcing the takeover, backed by Saudi Arabian crown prince Mohammed bin Salman, has led to suggestions Ashley may consider alternative buyers.

However, a deposit has been paid and all the relevant paperwork has been signed, and the deal will be finalised if it gets Premier League approval.

In other Newcastle United news, it can be REVEALED that senior midfielder is unlikely to play for the club again after transfer talks.