Newcastle’s future was set to be resolved today however the deadline has been extended as Mike Ashley looks set to relinquish control of the North-East team.
A statement released by the club read: “Newcastle United confirm that we have extended our deadline to Barry Moat to table an offer for the club.
“The extension is being granted in order to allow Barry Moat and his advisers to conclude funding arrangements with Barclays, current banker, for the continuation of last season’s £39million facility.
“This would allow a formal offer to be tabled.”
