Newcastle United have failed to reach an agreement with Amanda Staveley and PCP Capital Partners after elongated negotiations between the two parties, according to Sky Sports.
The broadcaster report on their website that the discussions which had been taking place had not reached any sort of conclusion and that there is no deal on the table for the proposed takeover.
Sky Sports reporter Pete Graves has stated on his personal Twitter account that although the club remain up for sale, as they have been since October, there are no other offers that have been placed, with Sky’s source describing the discussions as a “waste of time”.
He reports that the original bid made by Staveley and PCP was in the region of £250million, below Ashley’s asking price, and that the two sides remain hugely apart on their valuations, meaning a collapse in talks.

The report will come as the ultimate hammer blow to Newcastle fans’ hopes of seeing the Sports Direct supremo end his decade-long reign on Tyneside, which has been a tumultuous 10 years for the club.
While they enjoyed a fifth placed finish and a Europa League quarter final appearance, the club have also suffered two relegations under Ashley’s watch, as well as a host of controversial decisions surrounding the Magpies, and they are currently under investigation over tax fraud by HMRC.
In other Newcastle United news, the club are eyeing up a record breaking swoop for an international terrier.
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