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As featured on NewsNow: Football news

American group could complete Newcastle takeover this week

Newcastle United could be sold this week.

The News of the World says Seymour Pierce, the brokers handling the sale, have received a formal bid from an international consortium with no links to the North East. The American group tabled a bid of around £100million on Friday after Barclays did the paperwork on a working overdraft of £25m to ensure the club can keep going in the short-term.

"A deal is nearly done, it's very close," said a source. "It could be announced as early as Tuesday or Wednesday next week."

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