Newcastle United owner Mike Ashley wants out before Christmas and Amanda Staveley could save him from finally being the ex-owner of the club.
The club currently received a near £300m bid from Staveley’s PCP Capital Partners. Ashley and Staveley have been in negotiations for weeks within St James’ Park but the negotiations could stretch into the New Year.
Staveley has emerged as the frontrunner to buy Newcastle.
Ashley, on the other hand, may not want the £300m bid since he values the club in the region of £400m since that was the price he bought it a decade ago.
During Ashley’s term, Newcastle have been relegated twice, which cost them millions of pounds in TV revenue and the owner was also unpopular with the Toon Army.
Ashley could still make a profit with a bid in excess of £262m while the current bid is reported to be around £300m. But there is still no guarantee if he would accept it.
Talks are still on the table and this may continue until January or until an agreement has been made.