Newcastle to be sold for £300m by the end of the week

Date published: Wednesday 13th December 2017 3:24

Mike Ashley is on the verge of selling Newcastle United, with a deal reportedly set to be completed by the end of the week.

The Sports Direct owner is expected to hand the club over to Amanda Staveley and her group of backers for a fee of around £300million.

According to several sources, the deal has made significant process over the past week and will be completed by the end of the week, providing a huge boost for manager Rafa Benitez.

The takeover would help the Spaniard in his hopes of securing new players in January, while it will also be welcome news for supporters of the club.

After the parties were locked in talks for six weeks, Ashley has reportedly finally agreed a package to sell the club, having met Staveley at his favourite London curry restaurant last week.

Ashley has been at the helm for ten years, enduring a mixed tenure including two relegations and two promotions.

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