Report: Amanda Staveley to increase Newcastle United's January transfer budget to £40m

Manager of Newcastle United Rafael Benitez gives instructions during the Premier League match between Arsenal and Newcastle United at Emirates Stadium on December 16, 2017 in London,...

Amanda Staveley is still negotiating a deal to buy Newcastle United from Mike Ashley.

DIC negotiator Amanda Staveley takes her seat before Liverpool took on Chelsea in their UEFA Champions League semi-final football match against Liverpool at Anfield in Liverpool, north...

According to a report in the Daily Mirror, Amanda Staveley has changed her mind over Newcastle United’s transfer budget, and will now offer Rafael Benitez £40 million, if she takes over.

The Daily Mail initially suggested that Staveley would spend £30 million in the transfer window, if she took over before the new year.

However, the Mirror suggest that the businesswoman is now prepared to inject an extra £10 million into the club.

Manager of Newcastle United Rafael Benitez gives instructions during the Premier League match between Arsenal and Newcastle United at Emirates Stadium on December 16, 2017 in London,...

Newcastle have been struggling for wins of late, and Benitez is known to want to add quality at St. James’ Park.

The Magpies have failed to win any of their last nine matches, with their lack of options clearly a concern.

Newcastle’s organisation has been good, but they have lacked quality at either end of the pitch.

Rafael Benitez, Manager of Newcastle United looks on prior to the Premier League match between Newcastle United and Everton at St. James Park on December 13, 2017 in Newcastle upon Tyne,...

Benitez’s side are now in 18th place in the Premier League table, with concerns rising that they could be relegated.

Staveley is still expected to take over at Newcastle before the January transfer window opens, but there is some work to done before a deal with Mike Ashley becomes possible.

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