By Russell Edge

12th Nov, 2017 | 5:41pm

Report: Announcement on Mike Ashley's Newcastle future imminent

By Russell Edge

An announcement on Amanda Staveley’s takeover bid for Newcastle United will be made this week, according to a report.

The Daily Star claim on their website that the bid from PCP Capital Partners, fronted by British businesswoman Staveley, is set to be revealed as successful and that she and manager Rafael Benitez will be able to plan their approach for the January transfer window.

The Magpies have been officially up for sale since it was announced last month that current owner Mike Ashley was welcoming bids from interested parties, as he looks to bring his 10 year stint on Tyneside to an end.

Staveley, who is based in Dubai, was spotted at St James’ Park for the club’s 1-1 draw with Liverpool earlier in the season and she has become a front runner in a potential takeover.

She and PCP Capital Partners were reported to have signed a non-disclosure agreement with the club, along with several other interested parties, to further official discussions over a move to purchase the Magpies.

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Ashley’s decade on Tyneside has been full of controversy, with a fifth placed finish marred by two relegations, as well as a whole host of decisions made by the Sports Direct supremo, such as the renaming of St James’ Park to The Sports Direct Arena, which enraged the Toon Army.

In other Newcastle United news, this defensive star has had to undergo medical treatment.

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