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Reports of £300m formal takeover offer for NUFC

Amanda Staveley at St James' Park in October. Credit: Owen Humphreys/PA Wire/PA Images

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.

Mike Ashley. Credit: Dominic Lipinski/PA Wire/PA Images

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.

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Chris Coleman tipped to be new Sunderland manager

Chris Coleman. Credit: David Davies/PA Wire/PA Images

ITV News Tyne Tees understands that Chris Coleman, the Wales manager, has agreed to become the new manager of Sunderland AFC.

The 47-year-old is expected to be confirmed as Simon Grayson’s successor over the weekend in what will be a major boost for Sunderland.

It comes at the end of a 17-day search to find a replacement at the Stadium of Light.

We are extremely disappointed to see Chris’ tenure as Wales manager come to an end.

The FAW and Wales as a nation will be eternally grateful for the job he has done over the last six years as National Team Manager, from travelling the length and breadth of Wales outside of the media spotlight to talk to players and supporters, to guiding us to the semi-finals of the European Championships.

We wish Chris the very best of luck for the future as he returns to club management, a desire for which he has always been honest and open about.

– Jonathan Ford, Chief Executive of the Football Association of Wales
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