A £300million Newcastle United takeover has been agreed, subject to Premier League approval and the club have been tipped to appoint Mauricio Pochettino as their new manager if the deal is completed.

When £300m Newcastle takeover will be completed as deal needs approval

That is the view of former Toon skipper and Ireland international Mick Martin.

The prospective new owners are headed by Amanda Staveley, head of PCP Capital Partners, but the majority of the backing will come from the Public Investment Fund of Saudi Arabia.

Stavely's PCP Capital Partners, who have previously tried to buy the club, will take a 10 per cent shareholding, with PIF acquiring an 80 per cent stake in the club if the deal goes through.

The remaining 10 per cent would then be taken by the Reuben Brothers, who have assets worth more than £18billion and also own Newcastle racecourse.

JUST IN: Jadon Sancho set to be offered huge Dortmund deal to fend off Man Utd or Chelsea transfer