The Times reported recently there are as many as four consortiums currently interested in buying Newcastle United FC and three of them have been conducting due diligence looking at the financial records and having already signed a non-disclosure agreement.
There has been a lot of news surrounding 44-year-old Amanda Staveley since she attended St. James’ Park for the game against Liverpool.
She is the Senior Partner at PCP Capital Partners which is located in Park Lane, London and she is interested in potentially buying Newcastle.
But she is is the only one of the four bidders who has not done any due diligence on Newcastle’s books, according to a report in the Mirror today, which is a bit of a surprise if that is true.
Mike Ashley – current Newcastle owner
Staveley is reported to have opened talks with Liverpool FC which is probably one reason she was at St. James’ Park to watch Liverpool and informally meet with their officials after the game, but she’s still said to be interested in possible buying Newcastle.
She met with Rafa Benitez after the game, and we thought that was to see if he was willing to stay long-term at Newcastle if she was successful in buying the club.
But maybe it’s was (also) to ask if he would consider returning to Liverpool as manager if she was able to buy the Merseyside club.
Some things are working towards Newcastle being sold quickly and possibly by the end of the year:
- One is that Mike Ashley would like to sell quickly since he doesn’t want to invest any more money into the club in January.
- The buyers will want to complete the deal before the end of the year so that they can provide transfer funds to Rafa Benitez to significantly improve the squad as much as possible in January.
- The Premier League TV rights deal is currently being negotiated for the next three years starting in the summer of 2019.
It’s expected to top the £5.1B of the current deal, and there will be even additional funds such as those for the streaming rights for the games.
That could put the price of Newcastle up because of the increased future revenues of Newcastle – so any buyers will be keen to buy Newcastle before February.
The other three consortiums other than Amanda Staveley would seem to be ahead of PCP Capital Partners in the process of buying Newcastle.
And if we were to hazard a guess we’d say one of those three could buy Newcastle before Christmas, and they could be Chinese.
What we need is for any new owners to be everything Ashley was not.
Ambitious and willing to invest significant funds into the club, but let Rafa run Newcastle from the football side of things and recreate the club in his own image.
And even though Amanda Staveley is getting all the attention at the moment she may lose out – especially since she is trying to buy Liverpool for a third time – for a price said to be a massive £1B.
£380M is supposed to be the latest price on offer for Newcastle United, and that’s a lot less than £1B.
Some would even say it’s a much better deal given the enormous potential of Newcastle United under Rafa Benitez.
What do you think?