Report – Rafa To Get Over £100M To Spend In January – If Takeover Successful

The Star is reporting in an exclusive today that talks between PCP Capital partners and Newcastle have gone well.

Significant progress is said to have been made last week with Newcastle representatives holding meetings with Staveley and her team in London.

And the news from the Gulf is that the potential owners are extremely keen to bring out the full potential of Newcastle United and will be investing heavily in the squad once the deal is finalized.

The goal is still to complete the deal before January, but both parties will have to move quickly to achieve that since at some point the Premier League have to get involved to do their reviews and that can take some time.

PCP and other groups are in the process of doing due diligence at the moment, but we expect the financial records of Newcastle to be in good order.

Mike Ashley – Newcastle owner

The Star is reporting that Rafa Benitez will receive more than £100M when the transfer window opens in January – assuming the deal is done.

The three positions that need strengthening are left-back, midfielder and a striker – so there’s no change there.

The main thing that has to happen after due diligence is complete is to agree on a price so the two sides can then move ahead quickly.

PCP Capital Partners value the club at around £300M so there are still some negotiations to do on whether Mike Ashley will accept anything lower than £400M.

Things are looking very promising at the moment with progress being made.

And while this is all going on Rafa has been able to keep the players concentrated on football and picking up the points in the Premier League.

Next up are Burnley at Turf Moor on Monday night and if we can win that game, we will be flying.

Behind the scenes, the Chronicle are reporting Rafa is excited about the potential takeover.

Given what he’s done for Newcastle in a short 18 months he deserves everything coming his way so he can make Newcastle United great again.

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11 comments so far

  • jazzyp

    Oct 28, 2017 at 8:05 AM

    Comment #1

    We all want Ashley gone and it looks like our dream is going to be answered.I just hope changes are slow and not gung-ho.
    We’re not the best team by far in the Pl but we have a balance and a togetherness that has lacked for many a year.
    The Quality of player we will pursue will obviously change which can only be a good thing as we strive for success,And January I would be happy with a Forward who has at least ball retention.Another wish would to bring in a player with a bit of Spark and creativity about em.
    Apart from the odd Atsu run and Yedlin bit of dazzle we are very mundane going forward and quite predictable at times

  • lochinvar

    Oct 28, 2017 at 8:20 AM

    Comment #2

    Chronicle reckons the first bid is now on the table
    Nothing very new hear but the cogs are turning

    PCP Partners’ initial bid for Newcastle United is understood to be worth £300million.
    The group – spearheaded by Amanda Staveley – have been in discussions with Mike Ashley after signing non-disclosure agreement forms and entering due diligence to assess the club’s finances.
    It is now believed that PCP Partners value the Magpies at £300million and player investment would follow after a potential takeover.
    Reports in the UAE, via the National, suggest that Staveley would like the deal wrapped up by December in order to give Rafa Benitez every chance to get plans in place for the January transfer window.

  • jesperfuglsang - capt'n awesome of the lemon crew

    Oct 28, 2017 at 8:21 AM

    Comment #3

    Again it’s kinda strange with 5 consortiums signing a NDA and we know absolutely nothing about 4 of them and what they are doing…but the media seems to know everything the 5 contender is doing…

    The media is even reporting her representatives holding meeting with Newcastle to discuss Rafa’s diet….I mean his transfer budget!!!

    …sure they are because that is the concern of Mr. Ashley!

  • Jib

    Oct 28, 2017 at 8:22 AM

    Comment #4

    It’s such a shame when rubbish from a redtop
    gets posted as gospel on such a good site as Ed’s

    The kid that wrote that in the Star -Aaron Stokes
    says he’s a toon fan (he did media studies at
    Sunderland University)

    In May this year he was on work experience at the
    Northern Echo.

    His only other “exclusive” on the club was in September


    Rafa is talking to the West Ham board and his departure
    to replace Bilic is imminent !!!

  • catchy in norway

    Oct 28, 2017 at 8:26 AM

    Comment #5

    it’s kind of confusing to think what so many are expecting if he did get 100 mil to spend, i have this sneaky suspicion that we will slowly turn into a more entertaining team, and I personally think this is where most people have got it all wrong.

    Rafa is a great coach, but no matter who he gets in, the football is going to be exactly the same, but maybe a little less wasteful with passing and a lot more clinical in front of goal.

    other than Liverpool, i have never really seen him put a team together, he seems to have been a fire fighter type of manager since Liverpool, a higher caliber tony pulis.
    If it happens, gona be exciting to see where we can go though.

    don’t expect great football though

  • catchy in norway

    Oct 28, 2017 at 8:30 AM

    Comment #6

    it should read, my suspicion is that THEY ( a lot of our fans)

  • nedzy 1973

    Oct 28, 2017 at 8:38 AM

    Comment #7

    Well looks like this sleeping giant is going to be awakened, we’ve got the greatest fans in football, world class manager, solid footing, class stadium, and now the financial backing. Class times ahead. Toon army.

  • Sav

    Oct 28, 2017 at 10:11 AM

    Comment #8

    10 years of Ashley and have we not learned to bite every coin he hoys out and regard every promise with deep suspicion? Of this is just blather – and SJP seems chocka with Ashley lawyers and PR spinners now – it could mean not deliverance but the end of Rafa who unlike us does not have to stay stuck with Newcastle and won’t be played for a fool. That the ‘report’ knows who the targets are makes me highly doubtful it is any more than the kind of shite we’ve come to expect. Don’t get your hopes up. When the SD signs are torn down I’ll believe it. Not on the back of this rubbish.

  • Christopher Asprilla

    Oct 28, 2017 at 10:26 AM

    Comment #9

    Well this really is starting to feel like the “End Game ” phase . Not only has Staveley’s motley crew made up of P.C.P capital, Middle Eastern backers and Chinese backers (WOW) which was told to us by the Nacional report two days ago have now been two weeks into due diligence 14 days today. It seems to look as if their very close to making an offer. Another huge sign in my book is Rafa publically stating he’s not interested in Everton and wants to fully concentrate on Newcastle. This has to be massive from the same man who said there “was no long term plan at Newcastle anymore ” less than 4 months ago. The fact is he has had a swagger about him for the last couple of weeks and although he’s giving nothing away there’s a lot more smiles and gestures. The biggest question though is why Rafa would publicly knock back Everton and you may as well say West Ham when he doesn’t know the future of the club or what budget he may end up with in January. He also has replaced his agent with himself placing him out of any Spanish jobs! I honestly believe he not only knows a hell of a lot more than he’s letting on and he may of had something to even do with this.

  • nedzy 1973

    Oct 29, 2017 at 7:17 AM

    Comment #10

    Agree 100% Christopher , that’s the reason rafa stayed, ah don’t understand why so many fans don’t believe this is going to happen, Newcastle are a absolutely huge club, with excellent potential. Ime just surprised it’s took so long for someone to take serious interest in buying the club..

  • dannitoon

    Oct 30, 2017 at 5:47 AM

    Comment #11

    What take over


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