Report: Newcastle sale talks between Ashley, Staveley collapse

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Talks between Mike Ashley and Amanda Staveley over the much-desired and -rumored sale of Newcastle United are off, according to a report from Sky Sports and various other UK news outlets.

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Sky has quoted a source close to Ashley as having said: “Attempts to reach a deal (with Staveley) have proved to be exhaustive, frustrating and a complete waste of time.” (Full quote below)

Ashley, the club’s current and long-beleaguered owner, has been seeking a potential buyer since putting the club up for sale back in October. Staveley emerged as the front-runner (the only runner, perhaps) in the days following Ashley’s announcement, and reportedly tabled an offer of $335 million in early December before reportedly offering something closer to $400 million a couple weeks later.

Ashley selling the club — and doing so before the end of the January transfer window, which now appears nigh impossible — appeared to be one the few scenarios in which Rafa Benitez would remain the Magpies’ manager beyond the end of the current Premier League season (Newcastle currently sit 15th, just three points clear of relegation) after constant rumors of his discontent and lack of financial backing last summer.