Newcastle owner Mike Ashley close to £300m deal to sell club to Amanda Staveley... and PCP Capital are willing to help fund January spending

Daily Mail | December 13, 2017

Mike Ashley and Amanda Staveley have moved closer to reaching a deal for the sale of Newcastle United.

Sportsmail can exclusively reveal that an agreement in the region of £300million could now be close.

We understand that Ashley would fund Rafa Benitez’s January transfer spending but would be reimbursed by Staveley and PCP Capital Partners - her Middle East investment fund - when the deal is completed, most likely around the end of January.

Mike Ashley (right) is on the cusp of selling Newcastle to Amanda Staveley for u00a3300m — Mike Ashley (right) is on the cusp of selling Newcastle to Amanda Staveley for £300m

Staveley will reimburse Ashley if he funds Newcastle's transfer business in the January window

This development comes after Ashley and Staveley met for the first time in London last week.