AMANDA STAVELEY has made a second £300million bid for Newcastle - upping the pressure even more on owner Mike Ashley.

Negotiations are now thought to be at a delicate stage, although sportswear tycoon Ashley still wants nearer £400m.

Staveley's PCP Capital Partners are reportedly keen to pump money into manager Rafa Benitez's squad in the January transfer window.

And Liverpool supporter Staveley, a businesswoman with a wealth of connections, knows Benitez from his time as Kop chief.

She also helped Sheikh Mansour bin Zayed’s Abu Dhabi United Group take over Manchester City in 2008.

That cash injection transformed City.