Sky Sports is reporting tonight that an American consortium are hoping to hold talks with Newcastle over a possible takeover deal in the next 48 hours.
Representatives of the New York-based consortium have flown over the pond again, and previously were holding discussions with investment bank Seymour Harris in London, but now want to meet with owner Mike Ashley and Managing Director Derek Llambias directly.
That seems to point to some progress having been made – but yes, we’ll not hold our breath.
With the summer transfer window due to close at 5:00 pm tomorrow, the famous Tyneside club, renowned for its tremendous fan base, remains up for sale three months after Ashley decided to put it on the market again for the second time in less than a year.
Some caution though from sources on Tyneside, who say the group still have to show they have the money to buy Newcastle.
Ashley wants £100M, but there is also an outstanding overdraft of £20M on a £39M limit.
We hope something comes of this.