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Newcastle in early stages of talks with potential investors as Mike Ashley looks to provide Rafa Benitez with cash he needs to build squad

Related Topics: Rafael Benítez

Newcastle have signed non-disclosure agreements with a series of potential investors as owner Mike Ashley attempts to find a way forward for the club.

It is understood the Magpies have held initial talks with several interested parties, but that no deal is imminent.

The news follows reports of an approach by a Chinese consortium and claims that Ashley is ready to drop his asking price to £380million.

Mike Ashley (centre) is looking to find additional investment to move Newcastle forward
Mike Ashley (centre) is looking to find additional investment to move Newcastle forward
The Magpies have lofty ambitions which require an injection of cash into the club
The Magpies have lofty ambitions which require an injection of cash into the club

Those reports were played down by sources on Tyneside, but it is clear that the club is on the international radar.