By Russell Edge

15th Jan, 2018 | 10:52pm

Report: Newcastle handed £300m-plus boost in takeover talks as Ashley sets decision date

Newcastle United owner Mike Ashley has set a decision date of next month to make a decision over selling the club as Amanda Staveley readies a new takeover bid worth in excess of £300million, according to a report.
The Daily Star claim on their website that the British businesswoman, who is fronting a takeover approach from PCP Capital Partners, is set to up her offer after seeing an initial bid rejected, with negotiations having taken place over the last month.
While this will be a major boost to the Newcastle fans’ hopes of seeing a takeover, current owner Ashley is set to wait until next month’s announcement over the Premier League’s new television deal before making a decision whether to accept the new offer, although he reportedly is welcoming of Staveley’s approach.
The report states that there will be no significant added investment into the current transfer funds made available to manager Rafael Benitez, although claims that there is money there for the Spanish boss to spend on reinforcing the playing squad.
Newcastle have been up for sale since October, with Sports Direct supremo Ashley looking to bring an end to his decade-long reign on Tyneside, during which he has seen the club relegated twice and are currently at the centre of a tax fraud investigation from HMRC.
In other Newcastle United transfer news, the club are tipped to secure the signing of a veteran international for a bargain deal.
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