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John Carver says it is vital for Newcastle United that a takeover happens as quickly as possible.
Much-maligned owner Mike Ashley is in talks to sell the club to businesswoman Amanda Staveley for around £300m.
And Carver says Ashley must not drag out a deal with relegation from the Premier League looking a distinct possibility for the Magpies right now.
Speaking on talkSPORT, the former Newcastle coach and manager said: “It does need to happen, everybody is aware of that, but the quicker it happens the better it is for that football club.