Newcastle sale moves closer as Amanda Staveley increases offer to £300m

• Agreement between two parties close with takeover set for late January
• Mike Ashley could still offer Rafael Benítez a £30m transfer kitty

Optimism that Amanda Staveley will persuade Mike Ashley to sell Newcastle United to her Dubai based PCP Capital Partners Middle Eastern investment fund rose on Wednesday when the Yorkshire-born financier increased her offer for the club to around £300m.

Related: Rafael Benítez airs frustration over Newcastle transfer budget uncertainty

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