Newcastle’s board have announced they are to “consider” an offer from Mike Ashley following discussions with the billionaire businessman today.

Mike Ashley is set to meet with the board of Newcastle next week as he attempts to push through his takeover of the club.

Newcastle United chairman Freddy Shepherd has warned billionaire businessman Mike Ashley he will have to splash “a whole lot more” cash if he is to complete his takeover of the club.

Billionaire businessman Mike Ashley’s St James Holdings Limited have announced the acquisition of 41.6% of Newcastle United for more than £55m from Sir John Hall’s family.

Kevin Keegan will find himself cast in an unaccustomed role when he returns to Tyneside this weekend.