Newcastle United valued at €340m in potential bid

PCP Capital Partners, the investment firm run by British businesswoman Amanda Staveley, is interested in bidding around £300m (€340m) for Newcastle United after owner Mike Ashley put the Premier League club up for sale, according to a source.

Speculation over Ms Staveley’s interest in the St James’ Park club was sparked when she was seen at the ground watching a match earlier this month against Liverpool, another club she has been linked with buying in the past.

PCP Capital, which acts for investors in the Middle East and China, is one of four potential bidders for the club, the Financial Times reported this week. PCP is best known for acting as an intermediary between Barclays and a group of Abu Dhabi investors during the 2008 financial crisis, helping the British bank avoid a UK government bailout.