Mike Ashley’s accountants told Newcastle will be ‘disappearing from the book’ with £350m takeover ’90 per cent’ complete

MIKE ASHLEY'S accountants fuelled speculation he is finally set to sell up as it was confirmed the club will be "disappearing from the book".

Saudi Arabia's Crown Prince Mohammed bin Salman has been in talks to complete a £340million takeover of the Premier League side.

According to the Financial Times, Ashley's accountants were informed in recent weeks that Newcastle will no longer be on his books.

The source also claims that the prospective buyers have set aside a further £200million to invest in the club.

It was reported that the takeover is "90 per cent certain" after a shell company created by Amanda Staveley was registered to facilitate the deal.

Dubai-based financier Staveley hopes to assume a ten per cent stake in the final agreement.

But the latest report suggests the talks could "drag on for weeks" or even collapse altogether.

SunSport exclusively revealed that a return for Rafa Benitez is also being targeted as part of the takeover plans.

Saudi Arabia's Crown Prince looks set to buy the club in a consortium including billionaire brothers David and Simon Reuben.

It has been claimed that any deal would include David’s son Jamie getting an executive role at St James’ Park.