MX23RW : Saturday, October 16 21:52:10| >> :120:42364:42364:

Newcastle United 'receive £300m takeover bid from PCP Partners'

Amanda Staveley's PCP Partners reportedly table a £300m offer to buy Newcastle United.

PCP Partners have reportedly submitted a formal takeover offer of £300m to Newcastle United.

The firm, which has previously acted on behalf of Middle Eastern investors, is being fronted by businesswoman Amanda Staveley.

The Brit sparked takeover talk when she was spotted watching Newcastle take on Liverpool in a 1-1 draw at St James' Park on October 1.

Current club owner Mike Ashley has since confirmed his intention to sell the North-East outfit, of which he has been in control since June 2007.

According to Sky News, Staveley's PCP firm values the club at £300m and has tabled that amount in a bid to buy Ashley's shares.

Reports had claimed that the Magpies wanted the sale to go through by Christmas.

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Liverpool owner Tom Werner looks on prior to the Barclays Premier League match between Liverpool and Norwich City at Anfield on January 19, 2013 in Liverpool, England.
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