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Newcastle owner Ashley informs Staveley group that sale will happen

Newcastle United owner Mike Ashley remains confident of selling up this summer.

The Sun says Ashley believes he will soon be able to finalise the sale of the club for £300m.

Ashley has informed the Saudi Arabian consortium, who are led by Amanda Staveley, to be prepared to complete a deal within a month.

He has been involved in a lengthy legal battle with the Premier League and took them to the Competition Appeal Tribunal after the consortium pulled out of a deal last year.

Ashley has remained in contact with Staveley, with the hearing set to begin next Friday.

In addition, a separate arbitration action will take place in July.

The consortium is made up of Staveley's firm PCP Captial Partners as well as PIF and Reuben Brothers.

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