By Laura O'Leary

2nd Dec, 2017 | 3:12pm

Massive takeover update as consortium makes improved bid for Newcastle, keen for quick deal – report

Amanda Staveley has submitted a fresh bid of £300million for Newcastle United and is “keen” for a deal to get done before January, according to a report.

The Sun reports that the businesswoman and her PCP partners are keen for a deal to be agreed soon so they can “pump money” in to the Magpies during the January transfer window.

The same report believes that Staveley is in agreement with Newcastle United boss Rafa Benitez, that a “large splash-out” on new players is the only chances the club have if they want to challenge for a place in Europe.

The Magpies currently sit 12th with 15 points from 14 games, making them closer to the relegation zone than qualification places for Europe.

Mike Ashley has publicly stated he wants to sell the club by Christmas, but according to reports wants an offer in the region of £400million, £100million more than what Staveley is reportedly offering.

Jim White reported that Staveley’s first bid was in the region of £260million, and if this is true the second offer is a significant increase.

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The report hints that the second bid has addressed key clauses related to relegation and Newcastle’s tax investigation that Ashley was not happy with.

At this stage according to The Sun’s report, Staveley and her PCP partners remain the only serious bidders.

In other Newcastle United news, Danny Higginbotham has pinpointed the Magpies’ failures in recent weeks.

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