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The staggering £300m Mikey Ashley 'lump sum' set to finally seal Newcastle United sale

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dailyrecord.co.uk

Controversial owner Mike Ashley looks set to finally depart Newcastle United after 13 years at the helm. But seemingly not without a hefty profit.The Sports Direct tycoon has long been a pariah on Tyneside, and in certain parts of Glasgow, but it's reported he's on the verge of selling the club.PCP Partners, led by businesswoman Amanda Staveley, look set to complete a £300million deal backed by the Saudi royal family.Although the process has been held up by the coronavirus pandemic, it now appears close to completion, with documents showing talks stretching back to January.The Saudi group, fronted by Crown Price Mohammed bin Salman, have a net worth over £340billion.

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