A Newcastle United takeover has taken a step closer after new documents show that owner Mike Ashley has entered into a charge agreement with potential buyer Amanda Staveley.
Financier Staveley is leading a bid which involves Saudi Arabia’s sovereign wealth fund and the Reuben Brothers.
It is understood to be worth £300m.
The 31-page charge agreement lodged at Companies House lays the legal groundwork for a potential deal to be completed.
The documents include details of a £150m claim related to Staveley’s firm, PCP Capital Partners, and its long-running legal case against Barclays Bank PLC.