Amanda Staveley makes £300m offer for Newcastle United

City investment manager Amanda Staveley lodges formal £300million bid for Newcastle United

City investment manager Amanda Staveley lodges formal £300million bid for Newcastle United

That could come as soon as this week, according to insiders.

Ms. Staveley's bid is a combination of her own equity and money from investors, some of which are based in the Middle East.

PCP had been exploring a deal to buy the Merseyside club from its American owners for much of the past year, but was ultimately deterred by their repeated attempts to increase Liverpool's price tag.

PCP Partners headed by Amanda Staveley has tabled a formal takeover bid for Newcastle United Football Club in the region of.

PCP Capital Partners is believed to have been in talks with Newcastle about a potential takeover for several weeks.

The 44-year-old helped broker the purchase of Manchester City by Sheikh Mansour bin-Zayed bin Sultan Al Nahyan in 2009, and it was reported she led Dubai International Capital's £400m bid for Liverpool in 2008.

The club won promotion back to the Premier League last season and are now 11th in the table.

That case is unlikely to conclude for some time as the bank contends with a separate criminal probe brought by the Serious Fraud Office.

The ball is now in owner Mike Ashley's court as he decides whether or not to accept the first approach, having stated his intention to push through a deal before Christmas.

Manager Rafa Benitez, meanwhile, is desperate for new owners to arrive before January to enable him to invest in a team which has lost three on the spin in the Premier League.