Newcastle United owner Mike Ashley is reportedly still hopeful of a sale of the club being completed after naming a revised valuation.
The Magpies are the subject of a takeover bid by Amanda Staveley ‘s PCP Capital Partners, the first offer of which was rejected by Ashley last week.
Mike Ashley rejected a £300m take over bid last week
A follow-up bid is expected in the coming days, however, and The Times claims that the Sports Direct tycoon will shake hands on an offer of £350m – £50m more than Staveley’s group initially offered.
Staveley is said to have tabled a one-off payment, with no incentivised clauses included, but it was significantly below Ashley’s valuation.
The same report suggests that an ongoing tax investigation surrounding Newcastle has also presented a stumbling block, which will be factored into the next offer.
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