Sky Sports break damning update on Amanda Staveley's bid to takeover at NUFC

According to Sky Sports News, negotiations over Amanda Staveley's potential takeover of Newcastle United will need to make 'significant progress over the next month' if there's any chance of her succeeding Mike Ashley at St James' Park.

Sky report that the World Cup and shortened transfer window (not ending on August 9th) mean that there'll be less time for the club to recruit this summer, meaning any talks between PCP and Mike Ashley will NEED to resume in the coming weeks to give Benitez enough time to bring in new players this summer.

Not only that, they claim that Mike Ashley's asking price could rise to as much as £400m - suggesting he's raised the club's price tag by £80-100m after we've successfully survived the drop this season.

Here's a snippet from their piece released in the last few moments:

"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."

Not what we wanted to hear.

An increased price tag and a limited period of time to re-negotiate. Time for Staveley to step up if she really is serious about buying NUFC.