Report – Amanda Staveley In Pole Position – Newcastle Sale Possible By End Of Year


As various would-be buyers are reported to be in the due diligence phase of a possible takeover, we haven’t heard too much new news on the Newcastle sale over the last week or so.

But there’ a piece in the Mail today from Charlie Sale about the possible sale (sorry – I couldn’t resist that) and he thinks Amanda Staveley and her PCP Partners group are now in pole position to buy Newcastle United.

That was the news in the Chronicle last week but there is still a price to be negotiated – but the Mail report says a sale by Christmas is still possible.

Amanda Staveley – potential new Newcastle owner

But things will have to start moving very quickly if that is to happen.

Here’s a piece from the Mail report today::

“It is looking like Amanda Staveley’s PCP Partners are in pole position to buy Newcastle United — possibly before Christmas — with no rival bidder having emerged.”

“The mooted Chinese interest is more likely to be connected with the Staveley bid and involves interests in eGaming, which is a massive business in the Far East.”

“Staveley is still to agree terms with Mike Ashley, who wants £400M — around £100M more than PCP’s valuation.”

There was news that Ashley would take £380M to make a quick sale happen so it remains to be seen if there can be an agreement on price.

That will be the next shoe to fall, given that no surprises were discovered in the due diligence phase.

To complete the deal by the end of the year is still difficult though.

That will also depend to some extent on how good a job Justin Barnes has done: he was brought in by Ashley earlier this year to find a buyer and also ensure the financial books were in good order for a quick sale.

What do you think?

Comments welcome.



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13 comments so far

  • jesperfuglsang - capt'n awesome of the lemon crew

    Nov 3, 2017 at 12:44 PM

    Comment #1

    Jib…I don’t watch your links!

    …you shouldn’t concern yourself so much with others…you have plenty on your own plate obviously!

    0
  • jesperfuglsang - capt'n awesome of the lemon crew

    Nov 3, 2017 at 12:44 PM

    Comment #2

    Jib…a question though

    0
  • jesperfuglsang - capt'n awesome of the lemon crew

    Nov 3, 2017 at 12:50 PM

    Comment #3

    Ed…to be honest Amanda is probably the only contender…she hasn’t even tabled a bit so as it stands my £35 offer is in pole position!

    4
  • RUNAWAY777

    Nov 3, 2017 at 12:51 PM

    Comment #4

    Shirebroke wheres our lord today what you think about this report old news or knew news could be pushing it a bit close for end of the year sale bro

    2
  • Christopher Asprilla

    Nov 3, 2017 at 12:53 PM

    Comment #5

    Hopefully this sale will happen. I don’t expect it till the summer and if any sort of give can be taken example 15% stake 35-40M with sale upon survival it needs to be done to secure our position over January. The simple fact is that Newcastle have unearthed a bidder that serious it will be funded by Saudi and Chinese money. The simple target is to keep Rafa and stay up. There is way to much risk to take the club at this present time when relegation could still be a possibility and a PL clubs worth can only be valued correctly at the end of the season. There is way to much to be rushed through for this to happen by Christmas for a business deal of this size and it would be a massive leap of faith by Staveley. To put it all into perspective though these bidders are that serious they are being considered as Saudi’s rivals to the Qatar PSG gig. With also Chinese backers from the massive egaming community in the Middle East which is mostly ran by Chinese firms(future sponsors anyone)

    3
  • Jib

    Nov 3, 2017 at 12:58 PM

    Comment #6

    Eight and a bit weeks until 31st December
    I don’t think so

    1
  • NUFCadon

    Nov 3, 2017 at 1:38 PM

    Comment #7

    I am staying optimistic personally. I think the sale can go through before January and as for the risk of buying mid season, again as previously mentioned, a lot of clubs have previously been bought mid season. At present we have a top manager and are in the top half of the table. If a takeover happens before January and investment is made in January it will be massively unlikely that we would be relegated

    0
  • lesh

    Nov 3, 2017 at 2:32 PM

    Comment #8

    Christopher Asprilla @5

    Can you help me understand how Saudi (currently strongly Islamic and in principal vehemently anti gambling) investors could be involved in a consortium which includes those (Chinese) with interests in e-gaming?

    Such a partnership could be politically difficult for the Saudi government to reconcile.

    2
  • cookiemate

    Nov 3, 2017 at 2:39 PM

    Comment #9

    I think this will be sorted in the summer, Cashley will wait to see how high we get up the league and how much money he will pocket as a result and then lower the price to 300m.

    0
  • Benton Toon Exile

    Nov 3, 2017 at 4:34 PM

    Comment #10

    Ed, The Telegraph and Observer are reporting a deal is very close, and should be completed this month.

    1
  • LocalZero

    Nov 3, 2017 at 6:43 PM

    Comment #11

    Asprilla, I think you’re right. Can’t see why anyone looking to invest that kind of money wouldn’t wait until they were convinced the club won’t be relegated. There’s no rush from their perspective. Also, if I really wanted to buy Liverpool, I might try to gain leverage on that deal by pretending I was also interested in a much cheaper club. Just a thought. She might be pretending with us to bring down the Liverpool price.

    0
  • Bambams

    Nov 3, 2017 at 7:38 PM

    Comment #12

    I am with sparky and fully believe this will go through mid December.

    It all adds up.

    0
  • dannitoon

    Nov 4, 2017 at 9:25 AM

    Comment #13

    “Thinks”!!!!!!!!

    0

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