Dubai-based financier Amanda Staveley is said to be in the box seat to lead a £300million takeover at Newcastle United.

After owner Mike Ashley said he wanted to sell - and quickly - many expressed in an interest, including a Chinese consortium and Staveley, mouthpiece of the PCP Partners in the Middle East.

PCP were one of five parties to sign a non-disclosure agreement with Ashley wanting to get the sale done by Christmas, report the Newcastle Chronicle.

However, the Chronicle understands that early interest from China now appears to have waned and PCP Partners could have a clear run at buying the Magpies in the next few months.

There has also been interest from investors in the United States and Ashley’s legal representatives have stated that talks with other parties are still ongoing.