Progress needed in Amanda Staveley's Newcastle negotiations

Businesswoman Amanda Staveley in the stands during the Premier League match at St James' Park, Newcastle.
Image: Amanda Staveley's PCP Capital Partners made a £300m offer for Newcastle United last October

Negotiations over the sale of Newcastle United to Amanda Staveley will need to make significant progress over the next month if they are to stand a chance of success, Sky Sports News understands.

A shortened summer transfer window, coupled with the World Cup finals in Russia, means any potential talks with PCP Capital Partners will need to be rekindled in the next few weeks if they are to have sufficient time to recruit in the summer.

Having gambled on Newcastle surviving the drop this season, it is understood Newcastle owner Mike Ashley will be looking to recoup between £380-£400m from the sale of the club, which is significantly more than the £300m that was offered by Staveley last October.

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Newcastle manager Rafael Benitez wants to discuss his future as soon as possible

Any purchase of the club by PCP Capital has always included a clause that manager Rafa Benitez would remain in charge, and the Spaniard has suggested he will be happy to stay on Tyneside if he guaranteed sufficient funds to strengthen his squad.

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However, on Saturday it was reported that Benitez, who has a year remaining on his existing contract, is reluctant to sign a contract extension until the future ownership of the club is resolved.

United's 2-1 win over Arsenal all-but secured their Premier League status, passing the 40-point mark set by Benitez who has warned Ashley he cannot keep performing "miracles" every season.

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