Venables To Join The Cockney Mafia?
Venables has confirmed that he has held talks with Ashley, who is looking for an interim manager to step-in and fill the void that Chris Hughton is struggling to fill.
Newcastle suffered their fourth defeat in a row on Wednesday evening as they lost at home to Tottenham in the Carling Cup and Ashley has turned to Venables - whose last job was assistant to Steve McClaren with England.
Venables helped Bryan Robson and The Umbrella Man at Middlesbrough.
Venables: "I can confirm I met Newcastle representatives.
"Those talks will continue in the morning [Thursday] when, hopefully, I can give them a final decision."