The latest on Newcastle United’s takeover

Newcastle United manager Rafael Benitez right instructing his players during the English Premier League soccer match between Newcastle United and We

The seemingly annual Christmas talk of the sale of Premier League Newcastle United is now in full swing with former Manchester United and Chelsea chief executive Peter Kenyon leading discussions in the U.S. to create a consortium of buyers who will put up the £300 million needed to buy the club from Mike Ashley.

Although it is unknown whether an official bid has been submitted, it is believed that a possible deal with Kenyon and U.S. financial advisory firm Rockefeller Capital is what Ashley was hinting at.

Peter Kenyon's consortium are believed to be one of the parties who have tabled an offer.

The news emerged amid reports that former Manchester United and Chelsea chief executive Peter Kenyon is ready to show his hand after spending several weeks attempting to put funding in place, while there have been suggestions that prospective purchasers from the United States, the Middle East and Turkey have made contact.

West Ham United's Robert Snodgrass left and Newcastle United's Ki Sung-yueng chase the ball during the English Premier League soccer match between N
Newcastle owner says EPL club could be sold b...

In a rare television interview, the 54-year-old businessman revealed that negotiations are "at a more progressed stage than they've ever been" but after a proposed takeover from Amanda Staveley collapsed earlier this year, supporters are naturally sceptical.

However, the recent developments will give hope to a starved Toon Army, who have long held out hope that Ashley will finally end his 11-year tenure at the club.

Sources close to Ashley insist another three parties are interested in buying Newcastle and can match his £300million-plus valuation.

"I will say that I hope it will not be a distraction. Why? We have an important game to play and we have to focus on that", the Spaniard said. We are in the same situation that we were in before. "For us, it is really business as usual". Fine. We are looking for the targets, so it depends who is there and who is available.

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