Report reveals major details over Newcastle takeover talks - discussions have begun

By Russell Edge

Newcastle United are in talks with four parties over a potential takeover of the north east club, according to a report.

The Chronicle claim on their website that the quartet of investors have all signed non-disclosure agreements to continue discussions over the sale from current owner Mike Ashley.

The report also states that the Magpies have received new enquiries from interested parties following the club’s announcement via a statement from St James Holdings Limited that they are up for sale.

However, it is reported that none of the aforementioned parties have signed a non-disclosure agreement which would see discussions between them and the club advance.

One potential investor who has not yet signed said agreements but is said to be firmly interested in making a bid is Amanda Staveley, the international financier who fronts PCP Capital Partners.

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The Chronicle says that it is expected she will meet with Mike Ashley and his team to discuss her interest and the details of the middle eastern backing she has received.

Reuters reported on Wednesday that Staveley was looking to submit a bid of £303million for the Tyneside giants and would invest a further £150million in the transfer market over the first two years at the helm.

In other Newcastle United news, the club held talks with Liverpool over a swoop for this former star.

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