Date: 16th November 2017 at 4:20pm
Written by:

By Russell Edge

The Football Association have been made aware that there is set to be a change of owner at Newcastle United as the club await a formal bid from any proposed investors, according to a report.

The Chronicle claim on their website that the FA are ready to conduct the necessary tests on the potential new chief at St James’ Park, to adjudge they are fit and proper to take over the role, but that there is yet to be the crucial development of an official offer tabled.

The Daily Mail’s Craig Hope named British businesswoman Amanda Staveley, who is said to fronting an approach from PCP Capital Partners, as the only serious contender to take over, as she and her people conduct the necessary investigation during a period of due diligence.

The Chronicle state that Staveley values the company in the region of £300million, with those at Newcastle knowing PCP have placed this price tag, and that negotiations are set to take place with current owner Mike Ashley over the final cost of the take over.

It is reported that if all goes smoothly then a deal may well be completed by the time the January transfer window opens, although that possibility is delicately poised with just over six weeks left until the new year.

In other Newcastle United news, a report has made an outrageous claim over Ashley’s true intentions regarding the proposed takeover.

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