Henry Winter of The Times has delivered a major update on the Newcastle United takeover.
The senior Times journalist has claimed that two American groups are still interested in buying Newcastle United, and they have the requisite funds to do so.
However, the Saudi consortium led by Amanda Staveley group have already submitted papers to the Premier League and they are well advanced.
Mike Ashley is finally ready to sell after 13 years of owning the club. The Business tycoon has agreed to sell to the Saudi consortium for £300m, a significant drop of £40m from his initial asking price due to the coronavirus impact.