Amanda Staveley, one of the City’s leading dealmakers, has mounted a £300million bid to buy Newcastle United that would see her become the new face of the club.
Staveley ‘s investment fund PCP Capital Partners, which is backed by £28billion from the Middle East and China, is understood to be in talks with owner Mike Ashley.
A deal may be done by Christmas and Staveley could pump as much as £300m into manager Rafa Benitez’s transfer funds.
Yorkshire born and bred, Amanda Staveley has become the front-runner to become the newest owner in the Premier League.
The 44-year-old who runs PCP Capital Partners entered a non-disclosure agreement with Newcastle United on Thursday ahead of an anticipated £300m bid for the club.
Staveley was once involved romantically with Prince Andrew, Duke of York, before meeting her meeting her husband Mehrdad Ghodoussi, who worked for her company.
Meanwhile, a club statement read: ‘As one of the Premier League’s oldest and best-supported football clubs – and for the benefit of its many fans and supporters in the UK and across the world – Newcastle United requires a clear direction and a path to a bright and successful future.
‘To give the club the best possible opportunity of securing the positioning and investment necessary to take it to the next level, at what is an important time in its history, its present ownership has determined that it is in the best interests of Newcastle United and its fans for the club to be put up for sale.
‘To give an incoming owner the maximum possible flexibility to make a meaningful investment in the club, including in its playing squad, the sale process will give interested parties the opportunity of deferring substantial payments.
‘A process will now commence of identifying new ownership for the club that will be capable of delivering the sustained investment in and dedication to the club that is necessary for it to achieve its ambitions.’