Newcastle closing in on £227M American takeover

The Sun says the Toon boss will get £20m to spend on new players, should American financiers Polygon and the United Bank of Switzerland succeed with their takeover of the Premiership side.

Chairman Freddy Shepherd will earn £20 million from the takeover, while former owner Sir John Hall and his son Douglas, who paid £3 million for the club in 1991, should get around £48 million.