Newcastle subject of £300m takeover bid
Mike Ashley took over the running of Newcastle United in 2007
A financial firm headed by British businesswoman Amanda Staveley has tabled a formal takeover bid in the region of £300m for Newcastle United.
PCP Capital Partners has been in talks with the Premier League club's owner Mike Ashley for about a month, and a source close to the deal said an offer has now been made.
Ashley said on 16 October he wanted to sell after 10 years in charge.
Staveley watched Newcastle's 1-1 home draw against Liverpool on 1 October.
The 44-year-old helped broker the purchase of Manchester City by Sheikh Mansour bin-Zayed bin Sultan Al Nahyan in 2009, and it was reported she led Dubai International Capital's £400m bid for Liverpool in 2008.
More to follow
Source: bbc.com
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