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.
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.