Newcastle takeover: Mike Ashley was set to confirm £300 million deal last week

Newcastle United owner Mike Ashley was hours away from confirming £300million ($372 million) sale of Premier League club last week, according to reports. However, it was Saudi consortium who insisted on a delay to ensure talks were completed and re exist issues between two parties pertaining to Newcastle takeover.

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Newcastle takeover: Mike Ashley decides to sell club

It has been reported that Newcastle takeover is being brokered by Amanda Staveley, a UK-based businesswoman. re have been doubts wher Newcastle takeover will actually materialise, considering fact that re has been official statement from club on a possible deal. However, according to Daily Mail, club sources have confirmed that Mike Ashley has decided to sell club and expects last-minute complications.

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Newcastle takeover: Mike Ashley wants to reveal deal details

Reports indicate that Mike Ashley was willing to reveal minutes of Newcastle takeover meeting. However, Saudi owners asked him to wait until all issues were sorted out along with a positive response from Premier League. A public statement is expected to be made only after green light from Premier League.

Also Read | Who is Amanda Staveley? Amanda Staveley's net worth as Newcastle takeover edges closer

Newcastle takeover: Mike Ashley net worth

Amid Newcastle takeover reports, Mike Ashley has gained prominence as owner of club. UK-based businessman is considered as one of most successful entrepreneurs in country. A huge football fan and a man keen on pursuing business related to sport, Mike Ashley net worth is estimated at £2.02 billion ($2.5 billion) according to Forbes. Mike Ashley is also founder and CEO of Sports Direct, UK's largest sporting goods retailer.

Also Read | Mike Ashley set to sell Newcastle for £300million to group led by Amanda Staveley