Amanda Staveley and her PCP group are the frontrunners for the group and have lodged a bid for the club but so far have not had the bid the accepted with it believed to be well below Ashley’s evaluation.
The Sports Direct tycoon is believed to want close to £350 million to £400 million for the club he bought for £130 million back in 2007.
The next few weeks with show how willing Ashley is to sell the club and equally how keen Staveley is to buy it. With the January transfer window only weeks away, it’s clear that Rafa Benitez needs to be backed and allowed to strengthen to aid the fight against relegation. United are lacking a goalscorer but as Benitez alluded to last week - they don’t come cheap.
With Ashley’s perceived history in the transfer market, coupled with the fact he wants to sell the club, there are doubts - despite the claim he will do - he will back Benitez.
But on the other hand - a relegated Newcastle will be worth much less than it is now and should any deal to sell the club fall through, a subsequent relegation and missing out on the TV money that comes with survival is unthinkable.
Yet is Ashley holding out for too much? Here’s the view of our writers.