Newcastle takeover talks with Amanda Staveley and PCP Partners end
After months of negotiations, there is no deal in place for Mike Ashley to sell the club to PCP Partners.
Tuesday 16 January 2018 20:19, UK
Talks between Mike Ashley and Amanda Staveley's PCP Partners over a potential takeover of Newcastle United have ended for now, Sky understands.
As it stands, there is no deal in place between the two parties for a sale of the Premier League club, nor is one under discussion.
A source close to Ashley told Sky Sports News: "It is only right to let the fans know that there is no deal on the table or even under discussion with Amanda Staveley and PCP."
The source added that attempts to reach a deal had proved to be "exhaustive, frustrating and a complete waste of time".
Sky Sports News have contacted PCP and are awaiting comment.
Sky reported back in November that financier Staveley had submitted a formal bid to takeover the Tyneside club after months of negotiations.