So What’s Happening With The Takeover Of Newcastle?


We haven’t heard too much of any takeover news over the last few weeks as we are told there are up to five consortia taking a deep dive into the Newcastle United financial accounts.

This is due diligence which can take anywhere from a few weeks to several months, and it’s an important step to understand the financial strength or otherwise of the club.

When Mike Ashley bought the club, he rushed through the due diligence to buy the club and didn’t notice that Newcastle owed £100M.

In October of 2007, he covered that loan with an interest-free loan using his own money.

That helped to stabilize Newcastle financially at that time.

Here’s a report from the Evening Standard on that first mistake by the current Newcastle owner.

Amanda Staveley – new Newcastle owner?

Consortia will also be looking at how Newcastle can perform in the future with the TV rights for the Premier League expected to keep increasing over at least the next six years.

The favorite is still Amanda Staveley’s PCP Capital Partners group and she is reported to be in discussions with the club as she puts together a consortium backed by Middle East and perhaps some Chinese investors too.

Ashley still wants a deal completed by the end of the year and given that’s the case – it remains possible if not probable.

But we will need to hear some big news – like the price has been agreed – before the end of this month for the sale to go ahead before next year.

As far as Rafa is concerned, he needs a number of reinforcements brought in, and there’s only so far you can go in the Premier League with mediocre players.

Rafa must be backed in the upcoming January transfer window – the stakes are simply too high not to back the manager.

Rafa has got the team well-drilled, but we are still losing too many games though lapses in concentration.

Whether new owners are in by January or not, Rafa will push hard for new players, and he will be willing to sell players to fund the transfers.

The very last thing we want is to be fighting relegation this season so at the very least Rafa must be supported in the January transfer window.

Even by Mike Ashley – if he’s still the owner by then.

We need a couple of strikers – a creative midfield player and a left back in January, and if we can get four good players in that will help the team enormously for the rest of the campaign.

What do you think?

Comments welcome.



You can share this articleShare on FacebookShare on Google+Tweet about this on TwitterEmail this to someonePin on PinterestDigg thisShare on LinkedInShare on RedditShare on Tumblr

19 comments so far

  • Jib

    Nov 8, 2017 at 10:00 AM

    Comment #1

    Should have been done by now
    Looks like the whole thing was bollix

    6
  • sparky55

    Nov 8, 2017 at 10:02 AM

    Comment #2

    I don’t know what people expect but this a bit like how the UK public are viewing the Brexit negotiations. Do people really expect a daily update on what was discussed today???…do people really expect either side to tell the press what their thoughts and expectations are??? do people really expect figures to be thrown about during the negotiations???

    No news is goods because if there was bad news and the deal was off then we’d all know about it

    No news means progress and the adults in the room are sorting stuff out.

    In the meanwhile people like Ed can make stuff up to fill space on his Blog but really it’s completely un-necessary and completely pointless.

    26
  • Jib

    Nov 8, 2017 at 10:05 AM

    Comment #3

    Sparky
    You make good points but only if the
    takeover was a reality in the first place

    4
  • sparky55

    Nov 8, 2017 at 10:08 AM

    Comment #4

    It’ll happen and Staveley won’t be anywhere near it.

    2
  • hibbit

    Nov 8, 2017 at 10:13 AM

    Comment #5

    sparky55
    aluminium /metals mean anything to you ???

    0
  • Essex Geordie Bill

    Nov 8, 2017 at 10:16 AM

    Comment #6

    Jib

    Was there a notable absentee missing from those photographs?

    0
  • Essex Geordie Bill

    Nov 8, 2017 at 10:23 AM

    Comment #7

    Peter Beardsley on the U21s game

    “I thought even at 1-0 down at half time we were in the game, but to concede a second and a third in quick succession, it kills you,” he told nufc.co.uk. “It’s frustrating in that sense, but if they take it in the right way, it’ll be a good experience for them. It’s not nice losing, but if they learn from their mistakes, it’ll be a good experience.

    Seems to me that his teams are getting a lot of “GOOD EXPERIENCES” lately but are they actually learning anything?

    1
  • Jib

    Nov 8, 2017 at 10:25 AM

    Comment #8

    Bill
    The missus said “where’s Shearer ?”

    1
  • sickandtired

    Nov 8, 2017 at 10:26 AM

    Comment #9

    Ashley not doing due diligence is a tired old load of BS. Like a mortgage is hard to find out for anyone, let alone a billionaire businessman? Or the fact he registered a Sports Direct NUFC domain name 6 months before the sale went through?
    This fantasy should be well and truly put to bed as the Ashley spin it has always been.

    7
  • Geordie-john

    Nov 8, 2017 at 10:30 AM

    Comment #10

    Trust me lads ! The deal is very real ! From what I hear they are making sure that there are no hidden extras or skeletons in the cupboards like there was when the daft lad bought the club before bidding.
    Anyone seen Big Andy yet ? Apparently he is shopping, Looking for a shirt with number 9 on the back preferably Black & White.

    2
  • sparky55

    Nov 8, 2017 at 10:32 AM

    Comment #11

    Hibbit

    Yes…it’ll be nice to have a Geordie owner 🙂

    2
  • Bambams

    Nov 8, 2017 at 10:42 AM

    Comment #12

    I heard there were two interested parties not five, well two that were able to view the books.

    One was Stavely but the source did not know who the other party was or from.

    1
  • martoon

    Nov 8, 2017 at 10:53 AM

    Comment #13

    Jib @8 – I noticed that too. Also I might be going senile but I didn’t recognise the black guy getting a presentation?

    0
  • RUNAWAY777

    Nov 8, 2017 at 10:54 AM

    Comment #14

    Hibbit if it happens good if not we move on and hope the fat twat gives rafa some money for a couple of class players down your way tonight in northallerton.

    0
  • Jib

    Nov 8, 2017 at 11:13 AM

    Comment #15

    Martoon
    Twas Shola Mackemslayer

    0
  • Benton Toon Exile

    Nov 8, 2017 at 11:59 AM

    Comment #16

    Hopefully it gets done soon, but don’t be surprised if it is not lovely Amanda/PCP who comes out as owner…My money is on Russian billionaire Mikhail Prokhorov, who wants to compete with Abramovich at Chelsea.

    0
  • goalseeker

    Nov 8, 2017 at 12:02 PM

    Comment #17

    Hi
    I agree with Sparky55. I sit and watch Question Night and other Political programmes and all you hear is you must tell us what the UK will look like after we have left the EU. Nobody can say that as something called negotiations is taking place and you do not report everything that is said at every meeting. Just the same at our little Newcastle United. Negotiations are that one side takes a stance with what they want the other takes a stance as to what they want. After months of negotiation, the sides concede ground until they come to a point they are both happy with. It is not like going to a shop to buy a pair of shoes where there is a set price which you pay or go elsewhere. As there is nothing coming out of the Club that is good news. Ashley has made too much noise about selling the club if he was not going ahead he would lose too much at this stage through his other business dealings the only thing he could do is declare that the other party has pulled out of negotiations, and he would have done that before now. So, fellas, no news is good news, trouble is there has been too much crap in the press. They have to fill column inches with something at the time it was the United take over now they have turned their attention elsewhere. Easy answer, stop reading the newspapers I personally do not even believe the date they put at the top of the first page with some of our wonderful press. Some websites are worth reading including this one. But if Ed just filled the space with honest true news you would be bored stiff much better he says something a little confrontational to get you talking to keep the forum lively. Keep the faith if we finish around the 10th – 12th place this season I would be delighted.

    2
  • Toondog2

    Nov 8, 2017 at 12:50 PM

    Comment #18

    Goalseeker,

    Well said.

    Listening to the news or reading the paper, all you get is negative negative negative.
    Drives me mad!

    Negotiation and signing up to due diligence is why it is quiet.

    As long as there is due diligence being carried out of course .

    1
  • chuck

    Nov 8, 2017 at 8:10 PM

    Comment #19

    Keep an eye out for the present owner of the “Brooklyn Nets” of the NBA, ‘Prokherov’, another Russian Oligarch, who it’s rumored has a serious interest in buying into the EPL.
    Of course most fans at this time have the expectation of Amanda and her group becoming the new owners of NUFC,
    Hey! it’s possible ?
    However there is no certainty of either one, a hint may be news of “The Nets” being sold in the immediate future, but who cares, each having enough dosh to run the club in the manner it deserves.
    Who knows what the future will bring to the club, though with either of the above as owners, things should improve considerably for NUFC,
    Bout time init !

    0

You must log in to post a comment.