There’s news in the Chronicle today on progress being made in the proposed sale of the club to a group led by Amanda Staveley, but nothing much new on the surface seems to have happened over the last few weeks.
That’s because all five groups reported to be interested in buying the club are doing their due diligence, and that’s when they get the green shades on and look at the financial records of the club.
They also look at thing like the state of the club currently by different measures, the future potential success of the club and stuff like that.
Whichever group takes over the club will also put in place a plan for the future – what they want to achieve with Newcastle United and when.
Amanda Staveley – still wants to buy this year
It’s a strategy if you like – and will include things like investment in players both short-term and long-term and where that money will come from, particularly in the short-term when investment is necessary.
It should include goals on the field too, like what’s do they want to achieve in the Premier League and in Europe.
If everything went perfectly well in the next three years – where would Newcastle be and what would they have achieved?
The group led by Staveley is thought to be close to making a formal offer for the club and last week that was reported in the Abu Dhabi National newspaper to be £300M.
But a few weeks ago that same figure had also been reported in the press.
Both Newcastle and Staveley are still working towards a sale before the end of the year and because there’s been little news recently don’t take that as a sign that nothing is happening.
It’s the quiet period of the takeover when the hard work of the buyers is being done.