There was news yesterday coming from the Middle-East yesterday that the sale of Newcastle United to Amanda Staveley as the main buyer could move quickly and the report suggested it could be completed even before the end of the year.
Arab News are reporting that a source close to Staveley claims that interest is at an early stage but that Staveley is hoping if she decides to buy Newcastle United that the deal could go through quickly – possibly by the end of the year.
We think that is unlikely, but Amanda knows what it takes to buy a club as she’s been involved in these deals a few times before and she’s a top financier.
Amanda Staveley – could be next Newcastle United owner?
Here’s an extract from the Arab News report:
“Amanda Staveley, the financial entrepreneur who made her name in Middle East investment, could use Arabian Gulf money in a possible takeover of English football club Newcastle United.”
“She is said to be interested in the club in the northeast of England, believing it shares similar characteristics to Manchester City, which she helped Sheikh Mansour bin Zayed Al-Nahyan of the UAE buy in 2008 for £210M ($278M), and which has since risen to the top of the English Premier League (EPL) helped by a big injection of Gulf cash.”
“A source close to Staveley told Arab News that her interest in Newcastle was at an early stage, that there had been no talks yet with Mike Ashley, the current owner, and that she was still interested in other clubs in the EPL.”
“But it was also indicated that a deal could be done relatively quickly, if serious talks got underway, possibly by the end of the year.”
“Like Manchester City, Newcastle is a traditionally strong footballing brand in a city that is enthusiastic about the game.”
“Unlike the City deal, however, in which Staveley acted as an adviser to Sheikh Mansour, she would be the principal investor in Newcastle, via her firm PCP Capital Partners.”
“Any bid would be backed by funds from her extensive network of contacts in the Middle East, Asia and elsewhere.”
“Globally PCP has $37B (£28B) of assets under management, with Staveley acting for big Gulf investors in London real estate and other assets, as well as for wealthy Chinese investors.”
“Any discussions between Staveley and Ashley are likely to focus on price. Ashley is said to have spent £300 million on the club in the 10 years he has owned it, so any deal would probably have to start at that price.”
“”The identity of Middle East investors to help fund Staveley’s possible bid is not yet known.”
“She has extensive connections in the UAE and Qatar, and has also been looking increasingly at Saudi Arabia, where she said she saw big investment opportunities on the back of the Vision 2030 transformation strategy.”
Things seem to be set up for Staveley to now start talks with Justin Barnes as the next step, and Barnes will handle the business for Newcastle United owner Mike Ashley – at least initially.
But we have no idea what Ashley wants to do and whether he will be willing to sell Newcastle United but if Amanda bids around £400M for the club then Mike might want to do the deal.
It could all come down to the amount Amanda bids, but this potential deal seems to have been worked on before now, and maybe things can move quickly – always assuming Amanda decides she wants to buy Newcastle United.
That’s the latest on the situation, and things do seem to be moving, and the next step would seem to be a meeting between Amanda Staveley and Justin Barnes and Lee Charnley.
Justin will be representing Mike Ashley and will know the type of deal Mike is looking for.
We’ve been in this situation before where hopes that Mike Ashley would sell.
But not to a person like Amanda Staveley who would seem to be a great owner for Newcastle and she’s also much better looking than Mike.
But we have to be a little careful, nevertheless, it’s a huge and exciting development at the club for the fans.
It’s also a bit of a life-saver that this has come during the International break when there’s usually nothing much going on at all.
It will be unbelievable if Amanda ends up buying Newcastle United.
Unbelievable I tell you!