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Newcastle owner Mike Ashley hopes to have club sold by January

Newcastle owner Mike Ashley hopes to have club sold by January

Newcastle United owner Mike Ashley has revealed that he hopes a "possible" deal to sell the club will be completed within the coming weeks, ideally so that a new owner will have control of the Magpies in time for the imminent January transfer window.

"Not (in) exclusive (talks) but talks are at a more progressive stage than they have ever been", he said.

"I'd like it to be before the January transfer window", he said.

The Sports Direct and House of Fraser boss did not name the prospective buyer of the Premier League club.

The club's precarious Premier League status has, in turn, made potential investors wary of meeting Ashley's demands, with fears of the economic impact that any relegation to the Championship might have.

"Realistic? Hmmm. Possible. Realistic is possibly too strong a word".

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Ashley pulled out of talks with Amanda Staveley's PCP Capital Partners in January after failing to strike a deal, while former Manchester United and Chelsea chief executive Peter Kenyon is also understood to have expressed an interest in putting together a consortium to buy out Ashley.

Even still, Saturday's 3-0 defeat at home to West Ham was a timely reminder of the help Benitez needs, and was accompanied by a "late walk-in" protest from thousands of supporters, revolting against Ashley's ownership.

"Hopefully we can carry on the good form - just recent good form - and we can get the deal done", Ashley said.

Let's not forget that Ashley has often used the media entity as a platform to make some outlandish statements, including saying that he doesn't have "cash in the bank" and that manager Rafa Benitez could have "every penny we [Newcastle] generate".

They are 15th in the standings with 12 points from 14 games.

"I'm very keen to sell it to the right buyer so that everybody's happy, That would be good news".