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Newcastle’s takeover by financier Amanda Staveley’s Middle-East backed PCP partners group is back on.

Sunday Mirror Sport can reveal there have been constructive talks between Newcastle United owner Mike Ashley’s representatives and Staveley over the past few weeks.

Ashley ended all discussions with the group in January accusing them of a publicity stunt when they failed to come anywhere near his £350 million asking price.

He believed there were too many clauses inserted in the PCP offer including one which would have seen Ashley miss out on a £100 million instalment if Newcastle were relegated.

But now with Premier League security looking more and more likely PCP are ready to increase their offer and move closer to Ashley’s valuation of the club he bought 11 years ago.

(Image: PA) (Image: PA)

It’s understood that PCP’s confidence in securing a deal in the region of £300 million has led to them making plans to improve the club’s training ground.

All this is good news for manager Rafa Benitez who would have to think long and hard about his future in the summer if Ashley was still in charge.

The Spaniard has spoken privately at his frustration of not being backed enough in the transfer market which has led to a season long battle against relegation.

(Image: Getty Images Europe)

(Image: Getty Images Europe)

He views keeping Newcastle in the Premier League as one of his best achievements but doesn’t want to face the same scenario next season.

Staveley’s group are committed to backing Benitez with a substantial transfer war chest if they wrest control of St. James’ Park and will immediately reward him with a new lengthy contract.