Another Report – Newcastle Likely To Be Sold Quickly – Sports Direct Signs To Disappear Forever

George Caulkin of the Times is reporting today that Amanda Staveley met with Newcastle officials over the weekend and more progress was made in the negotiations to buy the club.

When you look at the number of interested parties in buying Newcastle over the last couple of days you would expect Amanda to try to buy the club quickly as we reported earlier today.

That’s what Caulkin is reporting today and also the fact that Amanda has now finally signed a nondisclosure form.

We still think that is late to be signing a non-disclosure form if she wants to buy the club quickly.

Mike Ashley

Sports Direct signs will disappear from St. James Park once club sold

But what may have happened is that she had Liverpool as first choice but she now seems to want to buy Newcastle United instead.

Caulkin’s report quotes sources in the City that Staveley is soon to launch her bid for Newcastle.

The Financial Times yesterday reported that four groups are now in the process of doing due diligence for Newcastle where a deep dive is done into the club’s financial accounts before any bid is made.

You have to know the financial position of a club before you come up with a bid.

While Ashley has tried to sell the club before, he has pulled out of the attempt after a few months saying there were no buyers.

But it now looks like we have a front-runner in Amanda Staveley who will be acting on behalf of a middle-east consortium.

We would expect a meeting with Mike Ashley soon if the Caulkin report is accurate.

Amanda Staveley’s  aim seems to buy the club as soon as possible and before the end of this year.

Let’s hope that’s all true.

Just think of St. James’ Park without all those Sports Direct signs all over the place.

I feel better already.

Comments welcome.

14 comments so far

  • SuperShearer

    Oct 19, 2017 at 8:42 AM

    Comment #1

    Still feels a little too good to be true so I’ll wait until I see that yellow ticker-tape at the bottom of SkySports saying “Ashely sells NUFC to X”. Until then we’ve been here before and he’s likely to change his mind over a pint and pie.

  • Ron Knee

    Oct 19, 2017 at 8:48 AM

    Comment #2

    The Sh*t Direct signs might be around for a while yet!

  • geordiemark

    Oct 19, 2017 at 8:49 AM

    Comment #3

    yeah I agree with supershearer, we have been down this avenue before with Ashley, when the press and sky sports say Ashley has gone then ill believe it

  • martoon

    Oct 19, 2017 at 8:56 AM

    Comment #4

    I said this yesterday but just because Amanda Stavely is an attractive lady doesn’t mean she will be a good owner – we don’t really know her motives. However as Jail is always saying cannot be any worse than MA.

  • ScoopSouthAfrica

    Oct 19, 2017 at 8:59 AM

    Comment #5

    She’s a little lass, she’s a bonnie lass and she likes hor beer, an they call hor Amanda Stavely and I wish she was here……

  • Jail for Ashley

    Oct 19, 2017 at 9:00 AM

    Comment #6

    You’d have to think that 300M would cover everything, the asking price plus his loan would make us unbuyable if there’s such a word.c c

  • Jail for Ashley

    Oct 19, 2017 at 9:01 AM

    Comment #7

    c.c put my phone back in my pocket without submitting.

  • lochinvar

    Oct 19, 2017 at 9:02 AM

    Comment #8

    Spoof – from previous
    Fair point about new stadium but it wasn’t a wish on my part just a word of caution about how new owners might approach the situation bearing in mind what has gone before with the likes of City, Arsenal, Liverpool redevelopment, West Ham and Spurs in particular.
    Bear in mind that the City Council sanctioned the demolition of the old Odeon to replace it with a pop up shipping container market. Their eyes are on expansion of the Science Park and mega student villages and Amanda or whoever takes over needs to ensure that they have full control of the situation and the land around The Strawberry and Gallowgate to at least allow the expansion of SJP in the longer term.

  • ShirebrookToon

    Oct 19, 2017 at 9:03 AM

    Comment #9

    Who you cc’d it too Jail 😆

  • lochinvar

    Oct 19, 2017 at 9:10 AM

    Comment #10

    The Sports Direct signs will reappear at Ibrox if Ashley has spare change to buy them after his property deals. It’s reported that David King can’t raise the finance to buy Rangers and for a small investment and some new players they could be back on Europe quite quickly and that would suit Ashley’s ambitions for promoting Sports Direct to a European and wider global market.

  • martoon

    Oct 19, 2017 at 9:12 AM

    Comment #11

    Jail – I’m sure you’re right – I was just thinking if the loan was from, say, a bank this would be taken over by the new owners. So really the club is only valued at about £200m plus loan repayment.

  • yorkymag

    Oct 19, 2017 at 9:17 AM

    Comment #12

    I think you are missing the point easily done with so much noise about.
    The deal Ashley is looking at is in London with a 15 th December deadline as I understand the finance required needs a £ 115 m or £150 m deposit to secure hence the part payment options .if he misses this there is a long line behind him .it is estimated that the total profit on this bit of London real estate could be billions hence the rush
    Obviously city whispers but does stack with what others are hearing

  • ArtyH

    Oct 19, 2017 at 10:19 AM

    Comment #13

    The sting in the tail could well be the £100m loan which is still to repay, and I wouldnt bet against the signs being taken down anytime soon, he will want free advertising for a few years as part of the deal, and just to rub our noses in it for a while longer.

  • Grantosuk

    Oct 19, 2017 at 11:25 AM

    Comment #14

    An hour ago you said she hadn’t signed an NDA, now she has? In the last hour?!? How did you get that information so quickly? 🙂


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