Hello and welcome to the Newcastle United live blog for Wednesday, January 17.
Mike Ashley walked away from takeover talks with Amanda Staveley and PCP Capital Partners after talks proved to be 'exhaustive'.
It is a blow for Newcastle fans, but the club remains on the market and the search for a new buyer continues
Nonetheless, Benitez has reportedly been 'given the green light' to bring in up to three new recruits in what is a critical fortnight for the club.
We'll have the latest on the takeover and also all of the January transfer rumours that are starting to stack up.Meanwhile, on the pitch, we will have all of the build-up to Newcastle's trip to Man City this weekend.
As ever we want to hear from you, so please send us your thoughts over Facebook at www.facebook.com/chroniclenufc/ or on Twitter at @ChronicleNUFC.
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Morning - Ashley walks away from takeover talks
Good morning and welcome to today’s live blog.
It is the morning after the night before, and last night saw the news that Mike Ashley has walked away from takeover talks with PCP Capital Partners.
Ashley’s camp claim talks with Amanda Staveley were a ‘complete waste of time’ and they claim a bid was never on the table.
However, Staveley’s camp are adamant they submitted a bid in November.
Lee Ryder summed it all up last night...