Newcastle United have opened talks with a second prospective investor as discussions with Amanda Staveley and PCP Capital Partners continue to go on behind the scenes, according to a report.
The Telegraph claim on their website that the Magpies have welcomed the approach from the as yet unnamed party, but do not give any details as to whether they have tabled an official offer, as Staveley was said to have done so in the past weeks.
The British businesswoman, who is based in Dubai, is claimed to have made an initial bid of £300million for the north east side, although it was reported to have been rejected by current owner Mike Ashley as a result of the performance based clauses which were included for him to receive the full amount.
Newcastle have been officially up for sale after the club released a statement in October indicating that Sports Direct supremo Ashley was looking to end his 10 year association with the club.
After initial elation from Newcastle fans there has been frustration over the lack of developments in recent weeks, so the report of a second bidder will come as exciting news to the Toon Army, who are hoping to see the back of Ashley sooner rather than later after a tumultuous decade with him at the helm.
In other Newcastle United news, a report has revealed a crucial update on a proposed swap deal for a Champions League hot shot.