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Newcastle owner Ashley gives Mauriss short takeover deadline

Newcastle United owner Mike Ashley will give Henry Mauriss until August 14 to reach an agreement for his proposed takeover bid.

On Thursday, Saudi Arabia's Public Investment Fund withdrew the £300million offer they and the Reuben Brothers had tabled for the Toon.

Financier Amanda Staveley, who was leading their joint-bid, blamed the Premier League for dragging its heals.

While Ashley says he is still hopeful of resurrecting a deal with the Saudis, the door is now open for Mauriss, says the Mirror.

The American is understood to be willing to pay £350m, with Chris Ronnie, a long-time associate of Newcastle owner Mike Ashley and, ironically, an old school friend of Magpies boss Steve Bruce, steering negotiations.

And while a mid-August deadline has been set to give Newcastle clarity ahead of the 2020-21 season, there is hope that an agreement could even be reached in the coming days.

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Paul Vegas

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