By Russell Edge

1st Oct, 2017 | 6:00am

Report provides important update on critical Newcastle deal

By Russell Edge

Newcastle United have agreed deals with a ‘series’ of potential investors with regards to a potential takeover deal, according to a report.

The Press Association report on their official sports Twitter account that the club have had a number of parties sign non-disclosure agreements, although insist that any potential deal is not expected in the immediate future.

The news comes after the Chronicle reported that one of these agreements had been signed by a Chinese company, as they look to agree a deal which would see current owner Mike Ashley relinquish his control of the club.

Ashley has been heavily linked with selling the club in recent years, and it was reported in June that a Chinese company were considering making a move for the club, although it has not been established if they are the same group who has been in talks with the club.

If Ashley were to sell it would see him end his 10 year affiliation with the club after securing ownership back in 2007 in a reported £134million deal.

Subscribe to Football Insider TV now

He has been a controversial figure at St James’ Park, with the Sports Direct owner widely criticised by both fans and the media for his running of the club.

Meanwhile this summer saw current manager Rafael Benitez voice his frustrations at the club’s transfer dealings, although he has insisted that the relationship between the pair is fine.

This move could prove to be critical to the future of the club, with new investors potentially willing to back the manager in the transfer market as well as improve other areas of the club.

In other Newcastle United news, Jermaine Jenas has predicted the club’s clash with Liverpool on Sunday.

We’ve launched a << BREAKING NEWS FEED>> exclusively for your club. ‘Like Us’ on Facebook by clicking here if you want 24/7 updates on all Newcastle United breaking news.