Newcastle United fans unhappy with the way Mike Ashley is running their club may be pleased to learn that there are four parties lining up bids to buy him out, according to The Guardian.

The report states that all four of them have raised in excess of the £300 million they need to take over the Magpies.

Ashley wants to sell before January and he is hopeful that a deal to install new Newcastle owners can be done within a matter of weeks.

The Guardian claims that all four parties are based overseas, with bids for the Magpies expected to come from the Middle East, Turkey, and the United States.

Peter Kenyon, the former Chelsea and Manchester United chief executive, is also expected to table a bid for Newcastle.

Ashley claimed in a TV interview that talks were “at a more progressed stage than they’ve ever been,” suggesting a sale is imminent.

The 54-year-old has tried – without success – twice before to sell Newcastle, which he bought for around £135 million in 2007.

Fans of the Magpies have long been unhappy with Ashley, who they see as obstructing manager Rafa Benitez’s chances of on-field success.

He has consistently been denied transfer funds with which to bolster Newcastle’s squad – not that he is the first manager to have clashed with the current chairman.

While Ashley is keen to sell, previous attempts to find new owners for the Magpies have come to nothing, so supporters will be cautiously optimistic and guarding against getting their hopes up at this early stage.

Benitez will also be hopeful that the situation does not have any effect on the Newcastle players as he prepares them for tonight’s Premier League trip to Everton.

The Spaniard has guided the Magpies to 15th in the table despite a dreadful start to the season which saw them pick up just three points in their first 10 matches.

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