Alex Bruce has claimed that speculation over a potential Newcastle United takeover is “pointless” until a deal is actually confirmed. 

Speaking exclusively to Football Insider, the former Hull City defender suggested that the Toon Army have had their fingers burned before by rumours that have amounted to nothing, and should be wary of getting their hopes up again too soon.

BBC Sport report that a £300 million buyout could be on the verge of completion, with Mike Ashley said to be in talks with financier Amanda Staveley, who is leading a bid involving Saudi Arabia’s sovereign wealth fund and the Reuben Brothers.

But Bruce has urged supporters to take a cautious approach to the update.

Speaking to Football Insider, he said: “We’ve seen a million times before that Newcastle has been spoken about in terms of a takeover and nothing has come to fruition.

“Until there is actually a takeover in place, I think it’s pretty pointless talking about it.

“The proof is in the pudding that all the takeover talk in the past has been a little bit up in the air.

“Listen, whether Ashley sells it and whether it’s the right person who comes and buys it, we’ll have to wait and see, but until that moment when it’s confirmed and it’s in black and white, done and dusted… I think that’s the only time you can really talk about it.”

Newcastle United manager Steve Bruce

The Magpies have been at the centre of takeover speculation on several occasions before.

The most recent example prior to the current situation came last summer, when the Bin Zayed Group were heavily linked with a sensational buyout that ultimately came to nothing.

In other Newcastle United news, ‘Gutted’ – Alan Hutton recoils at prospect of PL 25-yr-old signing for Toon Army.