Newcastle United have issued a fresh 'no comment' status on the latest suggestion of a takeover deal.

United sources are playing down the state of play in a potential takeover deal with a Saudi Sovereign-Wealth Fund - Public Investment Fund.

Suggestions in the Wall Street Journal claim that a £340million offer for the club is on the table.

Chronicle Live understands that there have been discussions with the group but in the last four months United have spoken to a separate consortium.

But those close to the deal have indicated while Crown Prince Mohammed bin Salman has got the capacity to finance a full takeover, Mike Ashley is yet to receive a firm bid.

Understandably, fans will be sceptical when it comes to takeover talk with several groups linked.

In the build up to the cup clash with Oxford United, club officials have insisted it is business as usual.

United chiefs have distanced themselves from any deal being close in recent months.

The new links say that Amanda Staveley has organised a group of investors in partnership with Crown Prince Mohammed bin Salman’s investment tool - the Public Investment Fund - for the potential takeover.

Toon owner Mike Ashley lost patience with Staveley in 2017 after a proposed takeover from PCP Capital Partners failed to get off the ground.

Back then those close to Ashley dismissed the deal as a waste of time, and three years down the line the club remains unsold despite being on the market.

Ashley stated in July that he could own Newcastle "forever" but insisted that he hadn't seen a solid bid on the table from any of the interested parties.

In an interview with the Daily Mail, Ashley said then: "So I have to assume I will stay running this football club.

"There are no offers.

"Define an offer. I'm not a believer any more. Peter Kenyon convinced me last Christmas that it was going to get done. I'm never doing that again. I think I could own this football club for ever.

"That is my new mental state.

"The reality is with these deals that once it gets out, if it's not done, it's probably not going to get done.

"The day someone buys Newcastle, they'll do their due diligence - and finished.

"It will happen like Manchester City. By the time the media find out, it's already complete.

"There's no need for a delay with Newcastle. It is, honestly, a very well-run football club."