Date: 21st November 2017 at 5:15pm
Written by:

By Russell Edge

Amanda Staveley and PCP Capital Partners have already tabled two bids for Newcastle United and are hoping to convince Mike Ashley to accept an offer which would give him cash in hand, according to a report.

United Arab Emirates based newspaper the National claim on their website that the British businesswoman, who is based in Dubai, has seen a prospective £350million deal, which was to be paid in instalments, turned down by the owner of Sports Direct, as there were stipulations included which could have seen the eventual price lessened.

However the report states that PCP have shockingly returned to make a bid lower than the initial offer tabled, said the be in the region of £300million, but that it would be a lump sum rather than a tiered deal, which would allow Ashley to wipe his hands clean of the Magpies immediately.

It is said that the offer is made up of funds from both Chinese and Middle Eastern backers, and that Staveley and her team are keen on ensuring that the deal is secured as soon as possible to allow funds to be invested during the January transfer window.

However, the National claim that this is unlikely considering the amount of work needed to seal the deal, although the process for the Premier League’s fit and proper person test has reportedly begun.

In other Newcastle United news, a report states that the takeover talks are on the brink of collapsing.

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