Newcastle United owner Mike Ashley is increasingly confident of a £300million sale of the club in the new year, the Express reports.
Manchester United chief executive Peter Kenyon is close to agreeing a deal to buy-out the Magpies’ owner, with the legal team at law firm Walker Morris, who are working on the sale with Kenyon, being told that all Christmas leave has been cancelled.
It is believed that a deal in principle has been agreed for the sale of the club in the new year.
Ashley has owned Newcastle for the last 11 years but is now keen to sell the club on, with fans having been unhappy with the direction that he has elad them in recent years.
Kenyon’s consortium includes Rockefeller Capital Movement, and the US firm has more than £18bn of assets.
Ashley has been in regular contact between with Kenyon the past two months and it now seems a sale is almost certain to go through in the new year.
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