The Abu Dhabi-based newspaper The National had a report out yesterday that Amanda Staveley led a failed attempt to buy Liverpool for £1.5B.
But that bid was turned down by the American owners Fenway Sports Group who bought Liverpool for £300M back in October of 2011.
The negotiations started last year in April and Liverpool turned down the offer only last month.
Fenway Sports Group (FSG) are also the current owners of the Boston Red Sox who play at Fenway Park.
The reason FSG turned the colossal offer down was they believe – because of the economic outlook for the English Premier League regarding TV rights locally and worldwide – they can get an even better price in the future.
Amanda Staveley – leading bid to buy Newcastle
With the global TV rights expected to increase rapidly over the next six years, FSG believes the club was undervalued at £1.5B.
Well – would you believe it!
Global companies such as Facebook and Amazon are getting involved to potentially stream games in the latest set of negotiations for next year’s auction of Premier League broadcasting rights – both domestic and global.
The current three-year TV rights deal is for £5.1B, and that’s expected to increase maybe by 50% (or more) for the next three-years which will start in the summer of 2019.
The report points out that regarding Premier League club values – rivals Manchester United are currently valued at around £2.7B by global professional services company KPMG.
Let’s hope Mike Ashley does not read the report.
Staveley’s consortium is led by her company PCP Capital Partners and also includes Arabian Gulf and Chinese investors.
It adds that Staveley watched Newcastle’s recent home game against Liverpool on October 1st and it was at that game that she decided that Newcastle United could be a good buy.
She is said to be willing to offer £300M with at least £150M for player investment.
Let’s hope that Mike Ashley doesn’t now stall on selling the club.
He will now know that if he supports Rafa Benitez and holds onto the club for a few more years as owner, then Newcastle’s value could be so much higher than the £400M he wants at the moment.
That’s the first thing we thought about when we read the report in the National.
However, on the positive side of things, if Ashley still wants £400M for Newcastle, it seems that Amanda Staveley will be willing to pay that.
That’s because of the recent Liverpool failure, and the fact that huge money will continue to be paid to broadcast Premier League games around the world.
Newcastle are in a very good position at the moment.