There was a report in the National yesterday that Liverpool owners Fenway Sports Group (FSG) last month turned down a £1.5B bid from an Amanda Staveley led consortium of Arabian Gulf and Chinese investors.
The National is based out of Abu Dhabi and so is Ms. Staveley.
And if the report is true it would mean Liverpool owners FSG would have made a £1.2B profit on the club in its six years of ownership.
But Liverpool Chairman Tom Werner has come out quickly and denied the report.
Tom Werner – Liverpool Chairman
This is what Werner has said today as reported in the Independent:
“We have better things to do than batting down rumors about negotiations with Ms Staveley.”
“However, there’s no truth to them.”
The basic story was that Amanda has been negotiating to buy Liverpool for the last 18 months but that Liverpool turned down the offer last month because they thought the club was being undervalued.
Here’s our report on the potential deal.
There are a number of positive things in the report for Newcastle.
Premier League clubs will make really big money over at least the next six years with the TV rights for broadcasting the games likely to skyrocket during that time.
The National report has said that Amanda Staveley is now trying to buy Newcastle United for £300M.
Her company is in the due diligence stage of things when the would-be buyers take a deep dive and look at the financials and how the club is positioned to perform in future years.
The due diligence phase in any takeover or merger can last anywhere from weeks to many months.
The National report will also give publicity to Newcastle that owner Mike Ashley is willing to sell the club quickly, and that Newcastle are positioned to do very well in the future under world-class manager Rafa Benitez.
We are also currently 7th in the Premier League table – two places above Liverpool.
Newcastle United could be an excellent acquisition for investors and now is the time to buy before the really big TV money starts to arrive in less than two years.
Let’s just hope Ashley still wants to sell the club given that PL clubs’ values over the next six years will likely skyrocket.
What do you think?