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Newcastle United takeover close to completion

Newcastle United are reportedly just days away from confirming the completion of a takeover by Amanda Staveley’s PCP Capital Partners group which might take place before the end of the week.

After months of speculation, the Magpies were officially put on the market by unpopular owner Mike Ashley in October and Staveley quickly stepped in.

The British businesswoman is understood to have signed a confidentiality agreement with the North-East outfit last month and, following a due diligence process, a complete takeover is now on the brink of being finalised.

an announcement is expected at some point next week to usher in a new era at St James’ Park, where Ashley has been at the helm for more than a decade.

Once the relevant paperwork is signed, boss Rafael Benitez is hoping to be backed with a big financial windfall ahead of the January transfer window.

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