American TV mogul Henry Mauriss lodges proposal to buy Newcastle United after weeks of talks

An American millionaire is reported to have bid for Newcastle United. Credit: PA Images

American businessman Henry Mauriss is believed to have lodged a formal offer to buy Newcastle United.

The chief executive of ClearTV is expected to have put together a bid after holding talks with Mike Ashley in the last two months.

It is understood that the proposal is worth £350million although Newcastle's current regime are yet to comment on the offer.

ChronicleLive understands that the proposal is worth £350million although Newcastle's current regime are yet to comment on the offer.

Mr Mauriss is reportedly a big Major League Baseball fan who has noted the success of Liverpool's link-up with John W. Henry and The Fenway Group who run Boston Red Sox.

The move follows the publication of the World Trade Organisation report which revealed their findings on links between Saudi Arabia and TV piracy.

There was no mention of Newcastle United's potential takeover proposal involving Amanda Staveley, the Reuben brothers and Saudi Arabia's Public Investment Fund.

The bid to from the Middle East is still in the process of the Premier League owner's and director's test and it is unclear whether Mr Mauriss has reached the stage where top-flight chiefs are assessing his proposal yet.