Newcastle United owner Mike Ashley remains open to selling the Premier League club, despite the collapse of takeover talks with Amanda Staveley-led firm PCP Capital Partners.

On Tuesday, the businessman released a statement via Sky Sports News confirming that a deal has not been struck.

In fact, the Sports Direct owner claimed that discussions with Staveley and her team were a "waste of time", but according to The Chronicle, Ashley is still open to listening to offers from any bidder, as long as the figure is upwards of £300m.

The report claims that the Newcastle owner will turn away any investors who have clauses, including price reduction in the event that the North-East club are relegated.

The publication claims that Staveley and PCP Partners have not withdrawn their offer and remain interested in buying the club.