Newcastle United will have to pay Tottenham £12.5 million if they want to appoint Mauricio Pochettino as manager this month -- but can do so for nothing thereafter, sources have told ESPN.
PCP Capital Partners, a financial advisory firm backed by the Public Investment Fund of Saudi Arabia, are closing in on a £300m takeover subject to the Premier League ratifying their agreement.
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Sources told ESPN last month that the prospective new owners are keen to replace boss Steve Bruce with a high-profile manager and Pochettino is a leading candidate with some reports suggesting they could make him one of the best-paid managers in the world on £19m-a-year.