LONDON (Reuters) - PCP Capital Partners, the investment firm run by British businesswoman Amanda Staveley, is interested in bidding around $400 million (£303.7 million) for Newcastle United after owner Mike Ashley put the Premier League club up for sale on Monday, according to a source familiar with the matter. 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 on Tuesday. Newcastle United did not respond to requests for comment. Newcastle have been relegated twice since Ashley took charge in 2007. After winning promotion back to the Premier League last season, Rafael Benitez's side are ninth in the standings with 11 points from eight games.

Source: The Star October 18, 2017 09:45 UTC