Newcastle United owner Mike Ashley appears to have entered a stand-off with Amanda Staveley and PCP regarding a potential sale of the Premier League side.
The two parties have been locked in negotiations for weeks but Staveley’s opening offer of around £250m was quickly rebuffed by Ashley, who is looking for a figure closer to the £300m mark- but may not get his price.
The Daily Mail reports that the parties appear to be at a stand-off following the rejected offer but there is hope that a deal could go ahead, with the report adding that Ashley would be willing to sell for a further £50m and having no clauses attached.
Ashley initially hoped to conclude a sale of the Tyneside giants before Christmas but, with 19 days to go, that seems extremely unlikely and the Magpies look set to enter 2018 without a change in their leadership.
That could hand Rafael Benitez difficulties in the January transfer market as he seeks to improve his squad and fend off the threat of an immediate return to the Championship.