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Staveley says Newcastle bid is still on table

In an interview with The Times Amanda Staveley insists that she is not a time waster and her £250m bid to buy Newcastle United is still on the table. She responded to 'hurtful and absurd' suggestions that her move for the club had been a bid for self-publicity.

While Staveley's most recent bid of £250m was significantly below Ashley's £350m asking price, she was committed to investing a further £200m on new players and updating Newcastle's trading ground and academy. 'This is an investment, but it has to be a long-term investment,' Staveley said. 'Newcastle would be run as a business, but we want it to be a successful, thriving business that is an integral part of the city.'

A staging post could be the next Premier League tv rights deal. Then whether Newcastle stays up is pivotal. A relegated club would have a much lower value.

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