300m pound bid tabled for Newcastle, says reports

A British businesswoman has made a formal offer of around £300 million ($397m, 338m euros) for Premier League club Newcastle United, according to British media reports on Monday. Several media outlets, including the BBC, said Amanda Staveley's financial firm PCP Capital Partners had made a bid to owner Mike Ashley. Newcastle are yet to comment on the reports.

FULL STORY: Financier Amanda Staveley submits a formal £300m takeover offer to Newcastle owner Mike Ashley to buy the club. https://t.co/eLPuR3c0FN pic.twitter.com/ArnDKwwYRw

— Sky Sports PL ? (@SkySportsPL) November 20, 2017

PCP Capital Partners is believed to have been in talks with the club about a potential takeover for several weeks. Sportswear magnate Ashley announced he wanted to sell the club in October after 10 years in charge, having paid £134.4m to buy the club in 2007. The 53-year-old Londoner has proved a divisive figure during his tenure, which has seen Newcastle twice relegated from the Premier League and then immediately promoted back. Staveley, 44, helped broker Sheikh Mansour's purchase of Manchester City in 2008.

A financial firm headed by British businesswoman Amanda Staveley has tabled a formal takeover bid in the region of £300m for Newcastle United.

? https://t.co/rb4e5aA83K pic.twitter.com/IqMWyLoCnT— BBC Sport (@BBCSport) November 20, 2017

She was spotted watching the Premier League side's 1-1 draw with Liverpool at St James' Park last month. Newcastle were promoted from the Championship under Rafael Benitez last season. The northeast club regularly attract crowds of over 50,000, but their supporters have not had a trophy to celebrate since the 1969 Inter-Cities Fairs Cup (the precursor to the UEFA Cup).