Date: 20th June 2009 at 8:02am
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Newcastle United have reportedly received two ‘serious bids’ and are now considering the merits of each, while the club also expects late offers from two other consortia.

According to a source at St James Park, United owner Mike Ashley expects the sale in ‘less than two weeks’ with a managerial appointment slated for 28 June 2009, although, any comment on whether it would be Alan Shearer was not made.

Managing director Derek Llambias is due back on Tyneside on Tuesday and will oversee the sale til the end with bankers Seymour Pierce hopeful of finally wrapping up the sale of the Championship club.

It has also emerged that one of Ashley’s demands in addition to the £100 million asking price is to recoup any funds that he allocated to the club from his personal account for purchases in the transfer market over the past two years – amounting to as much as £15 million.

The extra £15 million is what has kept the sale from going through sooner, with Mike Ashley still hoping for a buyer to give in to his demands.