Mike Ashley hoping to sell Newcastle ‘before January transfer window’

Newcastle takeover

Ashley has now revealed he is not in exclusive talks with any particular party but that "talks are in a more progressed stage than they've ever been".

"I'd like it to be before the January transfer window".

The NUFC owner stating that talks with the potential buyer are way beyond any previous talks with anybody wanting to buy the club and that it is "possible" a deal could be done and dusted in December - but "realistic" for it to happen this month might be "too strong a word" to use.

Businesswoman Amanda Staveley tried to buy Newcastle for £250m previous year, but she could not agree a deal with Ashley.

"I am hopeful - for the Newcastle fans, for the club, for everybody, that I will be able to step aside and we will be able to get an owner in that will please everybody", Ashley said.

Ashley bought former owner Sir John Hall's 41.6 per cent stake in the club back in 2007.

"[Is that] Realistic? It's possible".

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The club's precarious Premier League status has, in turn, made potential investors wary of meeting Ashley's demands, with fears of the economic impact that any relegation to the Championship might have.

The businessman's update on the sale process are likely to be welcomed by many fans, though there may also be raised eyebrows over his talk of recent good form.

Even still, Saturday's 3-0 defeat at home to West Ham was a timely reminder of the help Benitez needs, and was accompanied by a "late walk-in" protest from thousands of supporters, revolting against Ashley's ownership.

"Hopefully we can carry on the good form...just recent good form...and we can get the deal done".

They are 15th in the standings with 12 points from 14 games.

There are rumours circulating that Ashely, via his lawyers, has spoken with buyers but is yet to see evidence of proof of funds, whilst some senior Newcastle staff members are believed to be "skeptical" about how honest Ashley was during his Sky interview.

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