BBC Report

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

PCP Capital Partners has been in talks with club owner Mike Ashley for about a month, and a source close to the deal said an offer has now been made.

Newcastle are yet to comment publicly on the news, although a club source has disputed the value of the bid.

http://www.bbc.co.uk/sport/football/42060056