Report delivers major update on potential Newcastle takeover as new contact made

A new group of investors have made a tentative approach over potentially purchasing Newcastle United from current owner Mike Ashley as negotiations with Amanda Staveley continue, according to a report.
The Daily Mail claim on their website that a second Middle East based group, following in the footsteps of Staveley’s PCP Capital Partners, have been examining the public accounts of the Magpies and have the financial backing to meet the £350million asking price set by Ashley.
It is reported that although there has been no official approach, the group have used a British investment group, Blackbridge Cross Borders, to make contact with Ashley’s lawyers over the possibility of submitting a formal bid for the north east club, in what is a major update with Staveley appearing to be the sole suitor in recent months.
The report also states that the British businesswoman, fronting PCP’s approach, still has a £300million bid on the table for Ashley, although discussions over the takeover are said to have stalled with neither party appear ready to compromise on their demands or offer.
The club have been up for sale since October, with Sports Direct supremo Ashley confirming via a statement that he is looking to end his tumultuous decade on Tyneside.
In other Newcastle United news, the club are set for imminent talks over the bargain capture of a youth hot shot.

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