Journalist delivers positive updates on Newcastle takeover talks
Newcastle United owner Mike Ashley is still in talks to sell the club with both parties rubbishing any claims of talks having collapsed, according to a journalist.
The Chronicle’s Lee Ryder has claimed on his personal Twitter account that discussions between Ashley and PCP Capital Partners, whose approach is fronted by British businesswoman Amanda Staveley, are still taking place and will continue into the new year, allaying fears that the talks had fallen through.
#nufc sources now confirming that talks still ongoing. Nobody has pulled out of talks and process is ongoing. So on into the new year. Both sides have now dismissed talk of any kind of collapse.
— Lee Ryder (@lee_ryder) December 30, 2017
The Magpies have officially been up for sale since earlier in the current season, with Ashley confirming that he is looking to end his 10 year stint as owner of the club.
As a result the last couple of months have been filled with speculation over the club’s potential sale, with Staveley and her PCP group emerging as front runners in negotiations.
However there is yet to be an official breakthrough in discussions, with both sides said to have been hoping for an agreement by the new year, and it appears as though they will continue into the January transfer window.
Ashley’s tumultuous decade on Tyneside has been filled with controversy, with many decisions made which have riled the Newcastle faithful, casting a shadow over the club despite highlights of a fifth placed finish and a Europa League quarter final appearance.
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In other Newcastle United news, the club’s top flight rivals are readying a £12million swoop for one of the Magpies’ top stars.