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.