Report – Amanda Staveley Ready To Bid £304M for Newcastle Plus £150M For New Players

News today from Reuters that Amanda Staveley’s PCP Capital Partners is looking at bidding a possible £304M bid for Newcastle United.

A confidential source is quoted by Reuters today that the businesswoman may be close to finally bidding for Newcastle United

Amanda was at the Liverpool game a few weeks back when rumors started to circulate that she was interested in buying either Liverpool or Newcastle United.

Mike Ashley was initially quoted to want around £450M for the club, and the latest figure is that he dropped the price to £380M.

So if this news is true, this is a decent first offer from PCP Capital Partners.

Amanda Staveley with Iranian husband Mehrdad Ghodoussi at St. James’ Park

This is some of what the source has said on condition of anonymity:

“PCP Capital Partners, the investment firm run by British businesswoman Amanda Staveley, is interested in bidding around $400 million (£303.7 million) for Newcastle United.”

“PCP, which has not yet put in an offer for Newcastle United, believes the club is worth around 300 million pounds with a further 150 million pounds needed to invest in players over the next two years.” 

That’s about £75M each year on player investment over the next two years, so that’s excellent – as long as this is all true.

PCP Capital Partners represents investors in both the Middle East and China, where Staveley mainly operates with her company.

The news is that Amanda is one of four bidders who are looking to possibly buy Newcastle United, who have had world-class manager Rafa Benitez in charge of the club for the last20 months.

Amanda was said to have entered into negotiations to buy Liverpool a week or so ago but was quoted £1B for the club.

That’s about £700M more than the American owners Fenway Sports Group paid for the club six years ago.

If Amanda’ group is successful in buying the games north-east club, it’s reported she would become the principal owner.

Let’s hope this report is more accurate since the one about Turkish billionaire Murat Ulker wanting to buy the club turned out to be untrue.

Comments welcome.

19 comments so far

  • james589

    Oct 18, 2017 at 1:27 PM

    Comment #1


    Just when everything was beginning to settle down after a solid start to the PL campaign, MA puts us up for sale to kick the media circus into a frenzy once more. We never seem to be out of the limelight for long.

    The news of us officially being put up for sale, whilst not a surprise given speculation in recent months, smacked a little of desperation – a ‘come and get me’ plea of sorts. My take is that whatever has been going on behind the scenes hasn’t drummed up adequate levels of interest so they’ve gone public.

    I’d be interested to know what the driver for the sudden flurry of activity is – MA seems to want out and quickly, but why? Why not wait until the end of the season when (all being well) we will retain PL status and guarantee ourselves another season of TV revenue etc. and the value of the club would increase? Did he settle Rafa down after the summer transfer window with assurances of money to spend in January, but with no intention for it to be his money and now wants out before he potentially has to invest more? Does he know that if he doesn’t back Rafa he will walk and doesn’t want to deal with the inevitable fallout? Does he think the TV money bubble will burst so he’s getting out while the going is still good? There must be something behind the seeming ‘rush’ to sell… either he’s trying to free up capital for another project (selling NUFC must be easier than selling wallpaper eh), he knows something we don’t, or he’s genuinely just had enough – I find the latter hard to believe given the exponential increase in the club’s value should we retain PL status.

    Suffice to say I’m skeptical of Ashley’s intentions and can’t see him just walking away. I would expect to see the following as part of any deal:
    – Agreement on Sports Direct advertising provided Free of Charge for X years following sale.
    – Agreement on supply of club merchandise – potentially exclusively through Sports Direct for X years following sale.
    – Ashley to retain some sort of stake, interest or at the very least an earn-out to allow him to benefit financially should the club go on to success and increase in value in years to come.

    As for rumours around who has/hasn’t signed NDAs etc., all I will say is that the sole purpose of those documents is for details to remain absolutely confidential – that includes interested parties. As such any media speculation on that point is exactly that, speculation. Sometimes the adage ‘there’s no smoke without fire’ can ring true but looking at the odds and seeing Mark Zuckerberg high on the list of potential buyers tells me that no one has any real knowledge of who is interested!

    Just my two cents as an interested onlooker… like everyone I just hope that if we do sell, it’s to the ‘right’ buyer – someone who believes in the potential of the club, has the financial clout to invest in us to take us to where we believe we can be, and has a genuine interest rather than just viewing us as a cash cow.

  • Ron Knee

    Oct 18, 2017 at 1:32 PM

    Comment #2


    Apparently, Ashley wants the cash for some property deals. There are one or two posts on his motivation for selling!

  • james589

    Oct 18, 2017 at 1:33 PM

    Comment #3

    Also, Ed – having just seen the latest medical update, I’m glad that the situation has improved and wish you all the best for your ongoing treatment.

  • lesh

    Oct 18, 2017 at 1:35 PM

    Comment #4

    Let’s hope this is true and that PCP or one of its associates is or has been undertaking due diligence.

    Again, I’ll say that if Ashley’s hoping to recoup the money he put into the club, the money that he injected to sustain and get it promoted twice – the result of his own mismanagement – then he should just take the hit and write it off.

    And, what about the Strawberry corner plot that was taken from the club and into Mash Holdings? Is he intending to sell that to a potential border?

    Sparky, Hibbit, I’m sure I’m not alone in hoping your confidence is not misplaced.

  • Our Toon

    Oct 18, 2017 at 1:37 PM

    Comment #5


    Thanks for the info mate, one thing I don’t understand and hope you can clarify.

    Why would Ashley bid on land and then risk losing that bid by gambling on selling a football club? Normally banks will look at the assets the buyer has and the sellers of the land want to see proof of funds / access to funds etc.

    Ashley has the assets to get a loan from the bank, unless this land is going to cost more than his asking price for nufc which I very much doubt. Can you shed some light on this at all please?

    Ashley / mash holdings is worth a heck of a lot and he could get a monumental amount of credit to back his lands bids without having to sell any assets. It just doesn’t make sense to me

  • james589

    Oct 18, 2017 at 1:39 PM

    Comment #6


    I did read something the other day to that effect. It makes sense given the fact that they have been so open about being willing to accept deferred payments etc. and furthers what I was saying about there being an urgent driver for MA to cash in on at least some of the value he has tied up in the club… interesting to know what it could be… buying the stadium from the council to charge NUFC rent?! I jest…

  • lesh

    Oct 18, 2017 at 1:39 PM

    Comment #7

    * border = bidder

  • hibbit

    Oct 18, 2017 at 1:50 PM

    Comment #8

    if i’m wrong i’ll hold my hands up and walk away after a grovelling apology

    But at this moment i’m 100% sure the club will be sold before Christmas
    i’ve been banging the drum about this since June when the club was first offered for sale
    i’m also very confidant Rafa knows exactly whats going on and that’s why he stayed

  • Mister Tuff

    Oct 18, 2017 at 1:51 PM

    Comment #9

    Mind if he can get away with it I can see Mr Tubbs trying to keep his SD advertising at least for a short period.

  • Rotonda heights

    Oct 18, 2017 at 1:58 PM

    Comment #10


    You mentioned something quite interesting a couple of threads back that Rafa may be part of a buy out, ie a place on the board. Was that just left field speculation or have you heard a whisper?

  • posada

    Oct 18, 2017 at 2:01 PM

    Comment #11

    If this is true it looks like Amanda is playing hard ball.

    Good, stick it right up Fatty.

    My Uncle Mike that is.

  • Reilly

    Oct 18, 2017 at 2:08 PM

    Comment #12

    i think sparky has made 2 seperate storys into 1.
    there is no way ashley needs to sell the club just to fund buying some land in the smoke.
    i think its just the right time for ashley to sell and move on.

  • lesh

    Oct 18, 2017 at 2:08 PM

    Comment #13


    If your optimism’s been posted in good faith, then there’d be no apology necessary as far as I’m concerned.

  • DubaiMicky

    Oct 18, 2017 at 2:08 PM

    Comment #14

    @Rotanda, Rafa being part of the buy-out? Now that would be fantastic at the moment. However in 5/10/20 years time? Who knows.

  • Rotonda heights

    Oct 18, 2017 at 2:13 PM

    Comment #15


    Jib just floated it but I like the idea.

  • ArtyH

    Oct 18, 2017 at 2:22 PM

    Comment #16

    so on the face of it if Staveley and co are interested it will be sold for around £330m and £125m for players over the two years, seams fair to me, get on with it. A battle of Beauty and the Beast, come on you little Beauty 😉

  • Christopher Asprilla

    Oct 18, 2017 at 2:52 PM

    Comment #17

    We can speculate and hope for the best outcome but no one apart from Fat Mike could possibly know the reason of this supposed sale. Totally agree with James589 good comment pal. Nobody has even realised that the actual Reuters report claims Staveley is one of four bidders. That passed by but haven’t we got 4 non disclosure signers? Or has this supposed Middle East non disclosure been PCP all the time. There are instances when a club could let a buyer look at the books without signing the disclosure especially when their big fish like Staveley. People also fail to realise the reports that have slipped through the cracks because there are literally thousands of them but three reports from major papers in Britain not your tabloid rubbish went into the Staveley interest further a couple of weeks ago. Staveley hasn’t been at Newcastle once this season she’s been there at least twice if not three times . The home game with Stoke being one. The fact that Staveley officially said she was there as a friend of Kenny Dagleish but has since been found out that her tickets for those two games were supplied by one Rafael Benitez. Now there’s something a miss there! People have also failed to remember that she first took interest after a number of Newcastle fans on twitter regularly begged her to buy our beloved mags. This all seems to good to be true but there is real justification along with the Middle Eastern reports two weeks ago saying exactly what today’s are saying . Remember this was said before Ashley announcing a fire sale that Staveley had decided she wanted the club and wanted to be in charge by Christmas. Coincidences when you get more and more of them start to make you think are these really coincidences! There will be some catch relating to Ashley but this really could be a very profitable deal for the price quoted. There’s not much difference between 300 and 400 M when you first start negotiating and according to many reports Ashley’s price could of dropped to as little as 300-350 M. Staveley is the dream . Takeover is the need. The real worry is though if we are in the same position come January although some papers say there will be transfer funds us older and wiser supporters know that they will not be forthcoming and instead of waiting for the Newcastle sold headline we’ll be waiting for the Rafa walks headline. Here’s hoping . I’m 38 and I’ve never been this excited and worried at the same time for our beloved magpies. 300 M a healthy profit and the chance to walk away knowing he gave the club the best chance it will get. Doesn’t sound to bad for Ashley but money and greed are his idols so this is a case of “buyer beware”.

  • Chancel be a fine thing

    Oct 18, 2017 at 3:10 PM

    Comment #18

    75 million per year investment on players? What does that mean? Is that on top of any money already in the club and available for players? Does that figure include wages? Will any money gained from sales be added to the transfer fund? If this money is external money added to the club finances then great. Some people were expecting 80 million to be spent last summer and that’s just one window.

  • remember69

    Oct 18, 2017 at 6:08 PM

    Comment #19

    If I’m correct Staveley has yet to sign a confidentiality agreement, correct? In that case she does not have access to the books so the bid can only be fake.
    This speaks more of trying to get Liverpool to drop their price – THAT is the club she wants to buy……

    I sincerely hope I’m wrong, but you know what they say (especially where MA is concerned) “if it sounds too good to be true…..”


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