MANCHESTER, November 21 (Reuters): PCP Capital Partners has submitted a bid of around 300 million pounds to take over Premier League club Newcastle United, a source with knowledge of the bid told Reuters. Newcastle owner Mike Ashley put the club up for sale last month and PCP, the investment firm run by British businesswoman Amanda Staveley, was widely expected to be the main bidder for the North East team. The source said PCP has offered different payment structures, meaning that the value of the bid was not fixed. Newcastle did not respond to a request for comment. Ashley has faced criticism for not investing more in players, and his announcement in October that the club was up for sale was welcomed by fans.
