Newcastle remain up for sale despite the collapse of talks with Amanda Staveley’s PCP Capital Partners.
Owner Mike Ashley called a halt to negotiations which had been ongoing with PCP since November on Tuesday evening as sources close to him dismissed them as “a complete waste of time”.
Press Association Sport understands there had been no contact between the two parties since before Christmas, and that the sportswear magnate had lost patience with both the public nature of the pursuit and a lack of tangible progress.
Sources close to the Staveley camp insisted in the wake of the development that their offer - which was not credible in Ashley’s eyes, not least because it included a series of clauses, one of which would guarantee a sizeable refund in the event of relegation - was still on the table and that they had not walked away.
The club remains on the market and an offer to accept payment in instalments over a fixed period is also still available.
However, Ashley has let it be known that he will only consider potential buyers who are serious in intent and who can prove it by demonstrating that the finance is in place to do a deal.
He is also determined that any negotiations will be conducted in private, as was the case when he launched his £134.4million takeover back in 2007.
Source : http://www.nottinghampost.com/sport/football/transfer-news/nottingham-forest-news-transfers-live-1075843243