Newcastle United insist they will not be going into administration.
The drastic option was the talk of the training ground this Monday but a source close to owner Mike Ashley said: 'Administration is not an option. The club is still in discussions with various parties over a possible sale.'
One party that isn't in discussion is The Profitable Group.
Steve McMahon, the group's commercial director, said: 'We have pulled out. How long can you keep hanging on? We have put a bid in (two weeks ago) and we have had no communication, no response - nothing.'
Source: Daily_Mail