There are reports tonight that Amanda Staveley's PCP Capital Partners has launched a bid to buy Newcastle United from Mike Ashley.
It's believed the formal takeover offer is for £300 million.
Who is Amanda Staveley?
Amanda Staveley played a key role in Sheikh Mansour's takeover of Manchester City in 2008.
She is said to control around £28bn of Middle East money through PCP Capital Partners and is reportedly looking to invest in an English top-flight club.
She met club officials after attending the 1-1 Premier League draw with Liverpool at St James' Park on October 1st.
If the bid goes through it will be third time lucky for Mike Ashley, who bought Newcastle United for £134.4 million in 2007.
Two previous attempts to sell up have proved unsuccessful.
Heavy and persistent rain is expected across parts of north and northwest England through much of Wednesday.
Many places within the warning area will see 25-50 mm of rain, with around 100 mm possible over higher ground.
The heavy rain is likely to clear eastwards during Wednesday evening.
There remains some uncertainty with regards to the exact location of the heaviest rain.
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A dry, sunny, but cold day with a brisk northwesterly wind during the morning, this slowly easing later in the day.
Remaining cold, clear and dry overnight with widespread frost.
Maximum temperature 6 °C.
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