Mike Ashley waits on fresh Newcastle bid

Financier Amanda Staveley
Financier Amanda Staveley

Amanda Staveley is yet to return with an improved bid for Newcastle United.

Staveley’s PCP Capital Partners submitted an offer for the Premier League club worth up to £300million last week.

However, the cash value of the bid was less than that figure.

And United owner Ashley – who is prepared to accept staggered payments – rejected the offer.

One or more of the other interested parties, having have signed non-disclosure agreements and gone through the club’s books, could yet lodge a bid of their own.

Ashley did not set an asking price at the start of the sale process.

However, the billionaire is understood to be looking for closer to £400million, though that figure could prove to be unrealisitc.

Dubai-based Staveley, backed by Middle East money, has not been granted a period of exclusivity to conclude a deal.

Sports Direct majority owner Ashley – who bought Newcastle a decade ago for £134million – hopes to sell the club by Christmas.