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.