Newcastle consider improved Veloso bid
Newcastle United are poised to improve upon their initial bid for Sporting Lisbon ace Miguel Veloso, if the transfers of Shay Given, and Charles N'Zogbia are wrapped up on time.
The Guardian reports that Bolton Wanderers have launched a £14 million bid for the midfielder, but the player is considering his options.
Magpies' owner Mike Ashley is prepared to match Bolton's valuation if the impending transfers of the two outgoing players is completed on time - freeing up funds for the bid to go through.
It is understood that Manchester City's latest bid for Shay Given is £7 million, while N'Zogbia's transfer will earn the Toon £6 million.
Ashley had previously released £10 million for transfers to manager Joe Kinnear, and with Nolan and Ryan Taylor coming in for a combined £5 million fee, one wonders where the rest of the money will go.
Ashley is however reluctant to fund anymore moves until the Given transfer is completed, as it will give him a chance to assess the club's accounts.
There were conflicting reports on the Veloso situation, with Portuguese media sources asserting that Newcastle's interest in the player was only to bring him in on loan, while the British media were convinced that a £10 million initial bid had been made by the Magpies.
Kinnear may be plotting the transfer behind closed doors, and may only reveal the scoop once the ink dries on paper.
Veloso's versatility is what makes him an attractive prospect for the Magpies. He can play at left-back, at central midfield, or in central defence, making him a very valuable player.
Ashley has repeatedly said that he will bid for 'the right players' - the fans will hope that Veloso is the right player.