Asian Report – Amanda Staveley Agrees To Buy Newcastle For £300M


There is a report in Asia today that Amanda Staveley has agreed on a price for Newcastle United and certainly, as we have reported before, that would be the next news coming out if Amanda’s group is to buy Newcastle United.

It’s the Indonesian media outlet Semuanyabola that are reporting that Mike Ashley has accepted a £300M bid from Staveley and her PCP partners and wants the deal done by December.

Just to put a bit of a damper on that report, the Chronicle is reporting that club sources have poured cold water on the deal and say it’s simply not true.

In fact, the Chronicle are reporting the deal is no further along than it was three weeks ago.

Amanda Staveley – likely new owner of Newcastle United

But Amanda Staveley and her PCP Partners group will have done three weeks more due diligence during that time – and due diligence is the most important part of any merger or acquisition.

And the next step, if Staveley is going to buy the club, is to agree on a price, which is done after due diligence is completed.

A portion of the report from Semuanyabola includes the following statements:

“Amanda Staveley and PCP Partners are rumored to have taken over Premier League club Newcastle United at £300 million from the original owner, Mike Ashley.”

“The Staveley-led group has been discussing with Mike Ashley after signing an undisclosed deal and has entered its due diligence to assess the club’s finances.”

“It is now believed that PCP Partners estimated the value of Newcastle United worth £300 million and investment in players will be made when the agreement of both sides is successfully signed.”

“Reports from the UAE suggested Amanda Staveley wants all the dealings to be dealt with before December this year to give Rafa Benitez a chance to plan the player transfer strategy in early 2018.”

This report could be close to the truth because it would not be too surprising if Mike Ashley dismisses the rumors before any deal is sealed.

The main thing is to get the deal signed and sealed although it is just a little suspicious that Mike has quickly agreed to Staveley’s estimate of £300M for the club.

But that price covers Mike’s total investment in the club and gives him about a £40M profit.

There have been reports in the Chronicle up to this point that top financier Amanda Staveley wanted the deal completed in November – and at least this Asian report is consistent with that.

One thing PCP Partners will want to do is to give Rafa sufficient finances and time to bring in some good players in January – that’s the first step in rebuilding Newcastle United into a top team in Europe.

Sounds good to us.

And we would not dismiss this report out of hand – whatever the club says.

Comments welcome.



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161 comments so far

  • Benton Toon Exile

    Nov 12, 2017 at 2:43 PM

    Comment #1

    First bid in maybe???

    0
  • jazzyp

    Nov 12, 2017 at 2:50 PM

    Comment #2

    27th

    3
  • Optimistic Panda

    Nov 12, 2017 at 2:57 PM

    Comment #3

    Been to the remberance parade today, cracking turn out and a lovely day.

    Had my first pint at 10am on way and I’m now slightly pisshed, this is making the day more memorable, great news, so hope it’s true.

    Hibbit?? You heard anything buddy?

    1
  • Tsunki

    Nov 12, 2017 at 2:57 PM

    Comment #4

    Ancient – “How very polite, Tsunki. Remember that one folks, if you do not rue the day the club signed a 20 year old Mitrovic who was badly handled by McClaren, try another sport—or even better, a board game.”

    How very specious, Ancient.

    I wasn’t trying to be polite, no – but a great striker and former manager with extensive experience in his field neatly summed up the persona of Mitrovic, how would you like it dressed, in a pink ribbon or a dash of vinaigrette? He may well have been unfortunate under McLaren, but he’s into neatly two seasons under Benitez and had a stellar opportunity in a lower league to put on his best show.

    As someone unafraid to wade boldly into the waters of heated political debate I’m surprised you were wilted by this one. Ho hum.

    1
  • Optimistic Panda

    Nov 12, 2017 at 2:58 PM

    Comment #5

    Amanda

    If you’re reading..

    GO GIRL, DO YOUR THANG

    5
  • Tsunki

    Nov 12, 2017 at 2:58 PM

    Comment #6

    Still sticking with £260-280m on this deal if it ever comes off

    0
  • RUNAWAY777

    Nov 12, 2017 at 2:59 PM

    Comment #7

    Ed man slow down there your on roll today mitro need a few games in a row to give him a far chance coming on as a sub or playing one game then been dropped is no away to judge the player hes need a run of games to get up to speed then if he fail far enough but for the like of gayle who was ok in the championship but he not a premiership player then you have perez i can hold on to a ball longer then him yes he runs about but who cant then you have josule who was a waste of 5 million when we have mitro them we get manquillo from mackem land when we have mbemba who is now frozen out now and clarke is frozen out too now because lejeune is in and 12 million for murphy wasted too so as you can see rafa plays most of his signings or spanish players and before anybody say out, iam not after rafas blood its just a fact so merino for perez mitro for josule and mbemem for manquillo and maybe clarke another chance am i wrong,no doubt some will say iam but just what i see.

    6
  • Optimistic Panda

    Nov 12, 2017 at 3:00 PM

    Comment #8

    There’s a lot of players I’d ship out before Mitrovic.

    Anyone remember a certain Jon Dahl??

    Look how he turned out.

    3
  • RUNAWAY777

    Nov 12, 2017 at 3:02 PM

    Comment #9

    Amybody else seen any prof that this is true our just made up would be good to have some good news on the takeover over to you hibbit mate

    1
  • Jib

    Nov 12, 2017 at 3:12 PM

    Comment #10

    No smoke without fire
    The club would want to be the first to announce it.
    Of course they’ll pooh pooh (emoji or otherwise) anything
    that steals their thunder
    They must be fuming
    😀

    3
  • Optimistic Panda

    Nov 12, 2017 at 3:13 PM

    Comment #11

    Run

    Very few people will know if this is true, article is making all the right noises and ticking all the boxes.

    If it’s true it’ll be confirmed in 7-10 days, if Amanda or pcp aren’t denying it I’d suspect it’s true.

    1
  • ilovetoon8788

    Nov 12, 2017 at 3:15 PM

    Comment #12

    Can’t understand why people talk about shelvey in England team. He’s not good enough. He has been very poor for us this season.

    2
  • Optimistic Panda

    Nov 12, 2017 at 3:15 PM

    Comment #13

    Jib

    I sort of agree, the club or Ashley won’t want to admit it and probably hope this article will push someone else to beat her offer, the club is still on the market until the contract is signed.

    2
  • jazzyp

    Nov 12, 2017 at 3:17 PM

    Comment #14

    Ilovetoon

    I don’t understand many subjects that guys talk about on here but it’s called a debate mate, And everyone’s view point is different

    1
  • Jib

    Nov 12, 2017 at 3:27 PM

    Comment #15

    ilovetoon8788
    The clue is in the name of the team
    England
    He’s an English midfielder in the PL
    They’re not too thick on the ground

    3
  • Optimistic Panda

    Nov 12, 2017 at 3:33 PM

    Comment #16

    Oh Mandy

    1
  • Jib

    Nov 12, 2017 at 3:38 PM

    Comment #17

    I never realized
    How happy you made me, oh Mandy
    Well you came and you gave without taking

    1
  • hibbit

    Nov 12, 2017 at 3:40 PM

    Comment #18

    RUNAWAY777
    nowt new to add it will be done before the window opens
    just keep the faith

    3
  • Mindshaft

    Nov 12, 2017 at 3:53 PM

    Comment #20

    Runaway et al, I’m aware of Tyne Tees Television, I used to work at city road esso garage opposite a long time ago – it was more I didn’t understand runaways grammar (sorry runaway :’)

    Anyway, Amanda can bid what she wan isn’t a certainty fatty will accept , 300 million is well short of what he wants – hopefully testing waters and they’ll negotiate to an acceptable price for both

    1
  • Mindshaft

    Nov 12, 2017 at 3:54 PM

    Comment #21

    Can bid what she wants even … Getting a touch of runawayitis myself :’)

    3
  • jane

    Nov 12, 2017 at 3:54 PM

    Comment #22

    are PCP Partners group buying Newcastle United or are they acting as a broker?

    1
  • Jib

    Nov 12, 2017 at 4:00 PM

    Comment #23

    Jane
    Perhaps brokers
    The Indonesian’s quote their source as the UAE

    0
  • RUNAWAY777

    Nov 12, 2017 at 4:07 PM

    Comment #24

    Mindshaft no worrys mate i started my drink days in the egypt cottage and the rose and crown ive seen pics of the petrol station across the road from tyne tess have good evening

    3
  • jane

    Nov 12, 2017 at 4:19 PM

    Comment #25

    that’s what i thought as Stavs is only worth £100m and PCP is largely a front for her business activities. will be interesting to know the motive of her client.

    0
  • jane

    Nov 12, 2017 at 4:33 PM

    Comment #26

    probably a Newcastle fan that wants to win trophies

    0
  • Optimistic Panda

    Nov 12, 2017 at 4:37 PM

    Comment #27

    As good as my English

    0
  • Mister Tuff

    Nov 12, 2017 at 4:44 PM

    Comment #28

    hibbitt – if we had the Torres of 10 years ago – I would be more confident about how we do this season.
    But he’s 33 now and hasn’t scored at at this season.
    So massive gamble – so not sure he’s up to it now.

    0
  • Average_Contents

    Nov 12, 2017 at 5:09 PM

    Comment #29

    Isn’t this just the story that was doing the rounds a few weeks back.

    I’m surprised it’s taken this long to get regurgitated.

    1
  • Jib

    Nov 12, 2017 at 5:11 PM

    Comment #30

    In his last 3 years at NUFC (aged 33 to 36 )
    Alan Shearer played 135 games and scored 61 goals

    0
  • lochinvar

    Nov 12, 2017 at 5:30 PM

    Comment #31

    See that The Daily Star are now reporting the takeover story – well copying it , nothing new , so no surprise there from that classy tabloid.

    0
  • Jib

    Nov 12, 2017 at 5:30 PM

    Comment #32

    For a couple of seasons at Atletico as a young man
    Torres was a 1 in 2 striker
    but then tailed off dramatically
    he then went to join RB at Liverpool
    In the 3 years he was with Rafa on Merseyside
    his record was 116 games 72 goals
    he has tailed off progressively since then
    Surely worth a punt on 6 months loan.

    0
  • Jail for Ashley

    Nov 12, 2017 at 5:34 PM

    Comment #33

    It’s a Daily Star exclusive now, it must be true.

    1
  • lesh

    Nov 12, 2017 at 5:34 PM

    Comment #34

    The Indonesian report seems to be a mix of others previously reported and it’s quite openly using the word rumoured.

    However, it’s early days yet and both Ashley and any potential bidders’ll be saying nothing until everything’s finalised. Furthermore, Ashley’s not going to announce a failure to agree terms especially if it shows his expectations to be too high.

    If he genuinely wants out, he’s between a rock and a hard place so we can but wait and hope that Santa’s kind to Newcastle United and its long-suffering fans.

    As far as Mitro’s concerned, Rafa must have good reasons not to play him at all and it’s puzzling – especially when there’s nowt to lose from giving him some time to try to turn a game around. It’s a strange one – he’s a loose cannon but has a knack of scoring now and again.

    However, Rafa’s the gaffer and for sure, he’s closer to the reality than us mere spectators.

    1
  • Jail for Ashley

    Nov 12, 2017 at 5:35 PM

    Comment #35

    Got there first loch 🙂

    0
  • lesh

    Nov 12, 2017 at 5:39 PM

    Comment #36

    It’s good to see that Jib and Jane can engage in polite conversation. How refreshing and an example to us all.

    3
  • Toon-Prodigy

    Nov 12, 2017 at 5:40 PM

    Comment #37

    Take over this week folks ?

    0
  • lesh

    Nov 12, 2017 at 5:48 PM

    Comment #38

    It appears that Ms Stavely ‘counts Theresa May, Sir Philip Green and Simon Cowell among her friends’. With such nice people in her social circle, she and Ashley’ll get on like a house on fire.

    1
  • Optimistic Panda

    Nov 12, 2017 at 5:57 PM

    Comment #39

    Jib

    How many were penalties or direct free kicks?

    0
  • Optimistic Panda

    Nov 12, 2017 at 5:58 PM

    Comment #40

    Isn’t that four years?

    33 34 35 36?

    0
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