Newcastle interim manager Joe Kinnear has revealed owner Mike Ashley is in talks with eight prospective buyers.
The 61-year-old insists he will not be in the job for the long term and said: "I know for a fact Mike is talking to eight consortiums about the club.
"I don't know the outcome of those. I haven't got a timescale on it, so I don't really know what the outcome is.
"As for who they are, what they are and when it will happen, there is no timescale on it."
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He threatened to consult lawyers over reports he turned up to take a training session on Monday only to find there were no players there - when in fact, no training had been scheduled.
"I am sending this to my lawyers. There's not even one ounce of truth in it," Kinnear told BBC Radio 5 Live.
"That's the only thing that sickens me. I don't mind what they want to say if it's true."
Ashley put the club up for sale in the wake of the sudden departure of former manager Kevin Keegan and BBC Sport understands Ashley has reduced his asking price from Ј450m to a figure in the region of Ј280m to Ј300m.
It is believed prospectuses of sale - an official document detailing the club's current financial position - have been sent out to seven interested parties with consortiums from Nigeria and South Africa among the most prominent.
All potential purchasers have had to sign a confidentiality clause to prevent the club's figures from being made public.
The Nigerian group has made its interest public, while the South African consortium has maintained a low profile.
(BBC)
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