Lee Ryder has dropped a promising update on Mike Ashley and the potential takeover of Newcastle United.

Writing in his latest piece for The Chronicle, the journalist has said that Ashley is 'still confident' of getting the deal he wants with the Kingdom of Saudi Arabia (KSA) group, despite a recent report from The Mirror which stated that the KSA consortium has 'turned its attentions' to Inter Milan and is now 'working on' a deal with the current Serie A leaders.

Nonetheless, Ryder has stated that Ashley 'remains eager' to sell at St James' Park and feels as if his deal with the KSA group 'still stands' given that the club have eased worries of being relegated from the Premier League after their 3-2 win over West Ham United on Saturday.

Still hope for Newcastle takeover

Given Ashley's latest stance, there seems strong hope that the proposed deal between him and the KSA consortium can still be revived.

Yes, there is talk of the group potentially switching their attentions to Inter, but if Newcastle were to avoid relegation, then that would certainly tick a box for them given that they wanted to invest in a club in the Premier League.

Nonetheless, the potential takeover of the Magpies will likely not be revisited until their top-flight status is 100% secure for another season.

In other news, find out what big PIF claim has been dropped on the potential takeover!