NEWCASTLE BID MOVES CLOSER
Thursday 18th October 2017
The sale of Newcastle has moved nearer after PCP Capital Partners, the investment company run by Amanda Staveley, signed a confidentiality agreement with the club's owners.
Staveley's organisation will now begin a period of due diligence of club finances after Sky Sports News revealed on Monday that owner Mike Ashley had put the club up for sale - and wants a deal completed by Christmas.
Ashley is rumoured to want around £400m for the club, according to sources in the north east, and PCP Capital Partners are understood to be taking a close look at as many as three Premier League clubs, including Liverpool.
It is understood that reports of a £300m bid from Staveley are premature - with a formal offer not expected until accountants have pored over the club's books.