Numerous Inquiries To Buy Newcastle – Staveley May Now Move Quickly


While Amanda Staveley in the summer was reported to be interested in buying one of five England Premier League clubs, it could well be that she has zoned in on Newcastle United.

Amanda has enquired for the third time about trying to sign Liverpool, but maybe the  £1B price tag from American owners Fenway Sports Group put her off.

Indeed, the news yesterday was that she has valued Newcastle at £303M and wants to invest 150M in player recruitment over the next two years.

And with Mike Ashley being flexible on the payments for the club it could even give Amanda an advantage because of her vast experience and prowess in financial matters.

Amanda Staveley could move quickly to buy Newcastle

One thing that doesn;t make sense in the news is that she is said not to have signed non-disclosure forms which means you will not disclose confidential information about Newcastle’s finances.

It doesn’t make any financial sense that she is willing to make an offer without delving deeply into the financial records of the club.

Andrew Henderson of Dentons is the lawyer for Ashley’s company St James’ Holdings, and he’s said that since the announcement the club is up for sale on Monday night, there have multiple inquiries for Newcastle.

It could well be in Amanda Staveley’s best interests to now move quickly to buy Newcastle.

With world-class Rafa Benitez in place, 52,000 sellout crowds at St. James’ Park and the team 9th in the Premier League – the potential of Newcastle looks (very) high at the moment.

At least two Chinese consortia are said to be interested in buying Newcastle, and Russian Billionaire Mikhail Prokhorov was yesterday linked with an interest in buying the club.

At least four potential buyers are said to be actively looking to buy the club at the moment.

Ashley wants the new owners to invest heavily in the squad once they buy Newcastle and that’s a bit rich (excuse the pun) since it’s one thing he would never do while he was the owner for over 10 years.

But it’s good for the club and excellent for Mr. Benitez who will be asked to build a top European side as quickly as possible.

Amanda Staveley has a name for being bright and very savvy, and we think she may now move quickly to buy Newcastle United.

We hope that’s true.

What do you think?

Comments welcome



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12 comments so far

  • Jail for Ashley

    Oct 19, 2017 at 7:48 AM

    Comment #1

    Ron,
    I can’t open that link, what does it say.

    1
  • Spoof

    Oct 19, 2017 at 7:53 AM

    Comment #2

    There is a lot of talk about having to sell by a certain date ( 15th December ) I believe is the date mentioned, where had this date came from.

    Has it came from official source’s or is it just scaremongering fans on this site who have turned Ashleys wish to sell before Christmas into a deadline which doesn’t exist.

    1
  • Jail for Ashley

    Oct 19, 2017 at 7:53 AM

    Comment #3

    Sixth time lucky Ron. Hope it’s all true

    0
  • Thump

    Oct 19, 2017 at 7:54 AM

    Comment #4

    @Jail: it says-

    City sources claim Nufc & Staveley have signed non disclosure agreement after positive meeting.Formal bid expected.

    5
  • Jail for Ashley

    Oct 19, 2017 at 7:56 AM

    Comment #5

    Spoof,
    Sparky told us that he his bidding for land which has to be done by mid December or he loses out to sparky’s mate.

    0
  • Ron Knee

    Oct 19, 2017 at 7:56 AM

    Comment #6

    Jail

    Amanda Staveley is expected to launch a bid for Newcastle United, according to sources in the City, after the British businesswoman held a constructive meeting with the club’s hierarchy.

    Staveley, who runs PCP Capital Partners and is reported to control £28 billion of investments from the Middle East and China, is understood to be pushing for a speedy purchase.

    She met Lee Charnley, Newcastle’s managing director, and Justin Barnes, a long-time associate of Mike Ashley, the owner, after the recent home match against Liverpool, a club Staveley has previously attempted to buy. More progress was made at another meeting this weekend. The same City sources said that Staveley and Newcastle had signed a non-disclosure agreement (NDA). Neither party was prepared to comment last night.

    The Financial Times has reported that four groups have agreed NDAs with Newcastle, a precursor to discussions about a price and then the undertaking of due diligence, but Staveley is understood to be the frontrunner.

    In a statement on Monday, Ashley put the club on the market, although Barnes has been seeking outside investment for much of 2017. The sportswear retailer has twice failed to sell Newcastle, which he has owned for a decade.

    Ideally, Ashley wishes to cut his ties with the club before the January transfer window, allowing new owners to invest in the team. Tensions arose over the summer after Rafa Benítez, the manager, expressed concern at the slow pace of team strengthening. That timescale would not faze Staveley.

    Reuters has reported that PCP values Newcastle at £300 million and is prepared to invest another £150 million on players over the next two years. Ashley is believed to be seeking closer to £400 million.

    3
  • sing in the corner

    Oct 19, 2017 at 7:57 AM

    Comment #7

    Patience lads..lasses..Jane..
    Lots of press speculation and not a lot of facts knocking about at the moment. Isn’t it amazing how there seems to be a seamless production line of stuff for them to write about? One ‘crisis’ after another, long transfer window / sagas, now the sale of the century, maybe.
    Uncanny.

    1
  • lochinvar

    Oct 19, 2017 at 7:58 AM

    Comment #8

    It’s normal practice that if a business is up for sale that competitors will often sign the non disclosure agreements to allow them a peek at the books to gain more insight into that competitors performance whether or not they really intend to buy. I’m pretty sure that Ashley does this whenever an opportunity has arisen in the sports industry, sometimes acquiring a business, sometimes not.

    There’s no way Amanda Staveley would bid her consortiums money without knowing the intricate financial structure of NUFC and associated factors such as the land behind the Gallowgate.

    Just wonder where Newcastle City Council are in all this – they own the land that SJP sits on so have vested interests. Just hope they’re not sending signals out to new owners of NUFC that a next generation 70,000 capacity stadium ( think Spurs ) can be build up the road so they can get their hands on developing the current site as a student city or expansion for the Science park. They’re a bit too quiet on the matter – could someone ask them ?

    2
  • Ron Knee

    Oct 19, 2017 at 7:59 AM

    Comment #9

    Maybe David Davis could lend his expertise to the negotiations?

    2
  • Spoof

    Oct 19, 2017 at 8:05 AM

    Comment #10

    Jail

    So it’s a load of nonsense then and the likelihood is that all Ashleys doing is trying to get the deal none as quickly as possible, and making it as public as he can is probably an attempt to create an auction and bearing in mind it’s believed that he has 5 parties who have signed non disclosure agreements then creating an auction could possibly happen, but somehow it will bee twisted into a negative, and if this Staveley news is correct that will also somehow be twisted into a negative.

    0
  • Spoof

    Oct 19, 2017 at 8:13 AM

    Comment #11

    Lochinvar

    We pay the council rent for the land, I can’t see why that would change, and all this about a new 70000 seater stadium, in all honesty mate I think your getting slightly ahead of yourself.

    2
  • Christopher Asprilla

    Oct 19, 2017 at 9:56 AM

    Comment #12

    Breaking News :George Caulkin at the Times who is staunch Newcastle and probably the best reporter to listen too when every news outlet has some sort of story on the same thing . Well our great George at the Times says a NON DISCLOSURE WAS SIGNED ON SUNDAY! Believe me this guy is the voice to look for when you take into account their sports sections only report on the ball news and the added bonus of the Financial Times being a leading business paper in the world. If any reporter could of reported this I would of wanted it to be him or Luke Edwards Telegraph. I’m really starting to think this is it boys and girls. Infact I can feel the hairs standing on the back of my neck just thinking of it. 300 million for the club and 300 Million YES 300 MILLION POUNDS on transfers. Caulkin goes on to say she wants to be in before Christmas to be able to release the sort of funds that will keep us in the top half this season and with a view of the top six next year. This is from the Geordie side of the Atlantic and so many of the pessimists are starting to turn into believers. Everyone is running around like a headless chickens (apart from me wheelchair bound!)thinking she hasn’t got time to get this sorted out. Well the fact talks have gone so well and a non disclosure has been signed means that with a certain Justin Barnes there readying books for the best part of a year for a quick sale then due diligence should only take between 4-6 weeks at the longest. This is going to run on till we get the headline we’ve been dreaming off since we were born but even the strictest pessimists are starting to say 50/50. That shows you something after ten years of being treat like Reek in Game of Thrones that Geordies are starting to believe. Myself I’m 60-40 this will happen. It’s more than possible in the timeframe and 300M and 380 M aren’t that far apart considering its early doors.Chinese congress has ruled against us so is it now a case of Monte Carlo or bust with Amanda. She would be the biggest Northern queen since Boudecia if this happens and I would be making space for her statue outside the ground right next to wor Bobby! HWTL and bring it on Amanda we’re waiting for a hero.

    4

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