We had heard last week that Newcastle had signed non-disclosure agreements with some potential investors as they started doing some due diligence looking at the club’s financial books.
Press Association Sport is now reporting Newcastle have already held some initial meetings with the would-be buyers, so the acquisition process is progressing.
The report indicates that no deal is imminent but with some buyers interested it may quicken the process and the next step would be one of the buyers making an official bid for the club.
The last we heard on the price was that Mike Ashley wanted £380M and with the money, the Premier League clubs get from TV rights – anywhere from £100M to £160M – that’s not too bad a price in our opinion.
Don’t forget the TV rights are expected to increase once the next three-year agreement is reached and the games seem more popular than ever around the world.
Newcastle spent only a net of £12M in the summer although it looks like money will be made available in January.
Newcastle are also making an attempt to tie down Rafa Benitez and his coaching staff to a long-term deal.
And Rafa has recently said positive things about wanting to stay long-term at Newcastle.
This all makes sense and Rafa said he has talked to the Newcastle hierarchy recently, and one thing they will have told him is that there are buyers interested in Newcastle United.
PA Sport are reporting the buyers are at different stages of the acquisition process.
If we do get a wealthy and ambitious new owner and with Rafa the manager at Newcastle United there will be nothing to stop us becoming a top club in Europe.