Newcastle United FC news: Takeover deal for club is ON as Amanda Staveley and Mike Ashley are back in talks

Newcastle United’s takeover by financier Amanda Staveley’s Middle-East backed PCP partners group is back on, according to reports.

It has been revealed there have been constructive talks between Newcastle owner Mike Ashley's representatives and Staveley over the past few weeks.

Ashley pulled the plug on a deal for the club with the group in January after his £350million asking price was not met.

He believed there were too many clauses in the PCP offer which would have seen him miss out on a £100million instalment if Newcastle fail to stay in the Premier League this season.