Ashley revealed he is looking to sell the club last month after more than ten years ownership, but according to The Times he is looking for a sum of nearer £350 million and is not interested in negotiating an incentive-based deal, which Staveley is said to have offered.
Some reports have suggested that a number of different sums were proposed based on certain circumstances happening on the pitch, including one that would have forced Ashley to repay a chunk of the fee should the Magpies be relegated from the Premier League.
These were swiftly rebuffed by Ashley, who is understood to want a single lump sum for the club.
Should Ashley’s asking price be met, Newcastle will be sold for around £140 million than Southampton who were bought for £210 million by Chinese businessman Jisheng Gao.
The Sports Direct tycoon has been a largely unpopular figure on Tyneside after a fallout with Toon legend Kevin Keegan led to his resignation as Newcastle boss in 2008, but had previously insisted he would not sell the club until they won a major trophy.
He’s decided his time at St James’ Park is up now though, and is hopeful a deal to sell his shares can be agreed by the new year.
Staveley has previously been involved in high-profile football takeovers, having played a part in Sheikh Mansour’s huge money takeover at Manchester City in 2008.
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