No firm bids for Newcastle takeover - but developments could happen quickly

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Newcastle United have NOT received any firm bids for the club - but interest in a takeover is hotting up.

Reports this morning claim financier Amanda Staveley has launched a £300m bid to buy the club, backed by Middle Eastern money.

Mike Ashley

Mike Ashley

However, the Gazette understands that no firm bids have been made to owner Mike Ashley yet.

Ashley officially announced on Monday that he wanted to sell the club, having sought out investment from a number of parties over the summer.

Four prospective buyers have signed non-disclosure agreements, and now Staveley - who helped Sheikh Mansour buy Manchester City through her investment company PCP Capital partners - is reported to have signed an NDA of her own.

Four potential buyers for Newcastle United
We reported yesterday that Staveley, who attended the game against Liverpool at St James's Park, has held talks with the Newcastle hierarchy and is weighing up a £300m bid, with the prospect of investing further funds for transfers.

However, she is not the only interested party, with Russian billionaire Mikhail Prokhorov also monitoring the situation on Tyneside.
Sources at the club expect the situation to develop quickly, with Ashley keen on concluding a sale before Christmas.