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.
161 comments so far
toon22
Nov 12, 2017 at 9:03 PM
Comment #81Add to that the people who live there are obsessed with football.
Not one team is owned by anyone in Saudi atm
She has direct links with Saudi
2+2 =
ShirebrookToon
Nov 12, 2017 at 9:04 PM
Comment #825
Our Toon
Nov 12, 2017 at 9:05 PM
Comment #83Another reason I find it hard to believe Saudi’s would back this kind of deal……simple really as they treat women like 2nd class citizens. Are they really going to allow Amanda a place at the table?
That would be ironic
Bambams
Nov 12, 2017 at 9:05 PM
Comment #84It’s not Moat…….
I am reassured that whoever takes over at least will have enough financial backing to assist Rafa.
Whoever it is, Geordie Bloke or Miss Amanda…..We will be so much better off than with Ashley.
I am smiling !
toon22
Nov 12, 2017 at 9:05 PM
Comment #85If your going to daydream on the internet about whos buying us you might as well hope for the best.
Surely its our turn as a club for some sugar lol
toon22
Nov 12, 2017 at 9:07 PM
Comment #86No Amanda is a broker,they send her in to buy on there behalf.
They wont speak to the fat man in person.
In there mind its a kind of disgrace on Mr Ashleys behalf to have to deal with her.
LOL
toon22
Nov 12, 2017 at 9:08 PM
Comment #87Sry ” Their”
ShirebrookToon
Nov 12, 2017 at 9:08 PM
Comment #88Bambams
Your damn right it’s happening!!
sparky55
Nov 12, 2017 at 9:10 PM
Comment #89hahahaha…Barry Moat was a pennyless pretender compared to these guys..no I don’t mean Barry Moat.
jazzyp
Nov 12, 2017 at 9:10 PM
Comment #90Ashley said he would only sell to somebody with an extra 0 on the end of his wealth and Moat definitely isn’t worth that.
Optimistic Panda
Nov 12, 2017 at 9:11 PM
Comment #91Is it them that had Geordie jeans?
jazzyp
Nov 12, 2017 at 9:11 PM
Comment #92Never known a blog with so many inside contacts
ShirebrookToon
Nov 12, 2017 at 9:11 PM
Comment #93Jazzy
27th mate
ShirebrookToon
Nov 12, 2017 at 9:12 PM
Comment #94OP
Now they have Levi jeans mate 😎
sparky55
Nov 12, 2017 at 9:13 PM
Comment #95Ashley will sell to the highest bidder irrespective of how wealthy they are and what level of integrity and good intentions they have…with Ashley it’s always about the money
hibbit
Nov 12, 2017 at 9:13 PM
Comment #96move on your barking up the wrong tree
Barry Moat LOL
Optimistic Panda
Nov 12, 2017 at 9:14 PM
Comment #97It must be Bryan Johnson or the guy that owns half of sage.
ShirebrookToon
Nov 12, 2017 at 9:15 PM
Comment #98Ashley will be rubbing his hands. Two bidders fighting it out to buy the club.
jazzyp
Nov 12, 2017 at 9:15 PM
Comment #99Shirebrook
Paddington bear mate… Mark my words
Bambams
Nov 12, 2017 at 9:17 PM
Comment #100Shire
I can’t get any more than I shared a while ago. I appreciate what you, Sparky and Hibb share on here.
It’s good to hear the pieces are adding up, the person I spoke to is well positioned and like I say stated two parties interested, one was Stavely (didn’t know the other three weeks ago), all paperwork had to be in to the club by 27th October ( From different sections of NUFC, training ground, catering, club shops etc) but most importantly it was definitely happening.
I have known this person over 20 years and believe them totally. Just difficult position for them not to give out info that could identify them. We don’t know who reads these blogs…..
Thanks again
Bambams
Nov 12, 2017 at 9:18 PM
Comment #101Sparky
Exactly what I posted earlier. Ash only interested in what he can get.
Rotonda heights
Nov 12, 2017 at 9:18 PM
Comment #102no i didn’t think for a moment it would be moat.
Amanda’s personal fortune is allegedly only 100M (only!!!), so she’s obviuously geting the backing to pay the 300M+ ash wants. As for the second class citizen bit I think she lost that tag in the arab world when she was stepping out with Prince Andrew.
Online Guy
Nov 12, 2017 at 9:20 PM
Comment #103Sparkey55
Your talking about a Geordie taking over ?
As Ashley has said he can’t take the club any further so selling up . A Noble move by Ashley.
Now lads and Lasses..do any of you know of a Geordie or maybe an adopted Geordie with more money than Ashley ?….It’s not wor Ken , I asked him to buy it 4 years ago.
Rotonda heights
Nov 12, 2017 at 9:21 PM
Comment #104panda
i was thinking sage and maybe sting as he didn’t even realise his accountant had nicked 6m!!
Bambams
Nov 12, 2017 at 9:22 PM
Comment #105Rotonda
Sting is a Sunderland fan mate
ShirebrookToon
Nov 12, 2017 at 9:22 PM
Comment #106Bambams
Too right mate. Gotta be careful. Like yourself I can’t give away too much info either just little snippets which ties in with what others are saying. St. James will be rocking once the takeover is done
ShirebrookToon
Nov 12, 2017 at 9:23 PM
Comment #107Jazzy
Not pudsey?
RUNAWAY777
Nov 12, 2017 at 9:25 PM
Comment #108Hibbit just come back from having a meal and someone has clipped the back bumper, the car park down Whitley bay better have that cctv working iam not a bad lad but when its my car thats a different matter.
scubydu
Nov 12, 2017 at 9:27 PM
Comment #109Nice threads op. Never seen u that smart before. Big al must be looking after you .
hibbit
Nov 12, 2017 at 9:28 PM
Comment #110HONEST RUNAWAY i’v not been out of Yarm tonight !!!!!!!!!!!!!
ShirebrookToon
Nov 12, 2017 at 9:30 PM
Comment #111Runaway
It’ll be fine mate. Bit of T-Cut will do the trick 😆
RUNAWAY777
Nov 12, 2017 at 9:30 PM
Comment #112Is sting a sfc supporter he was at the match with wor jimmy nail the other week
sparky55
Nov 12, 2017 at 9:30 PM
Comment #113Graham Wylie (sage) has always been a interested by-stander but even he doesn’t have enough dosh to buy the toon on his own…but certainly cud be involved in a consortium buy out
Bambams
Nov 12, 2017 at 9:31 PM
Comment #114Can you imagine once this goes ahead, a new owner that (hopefully wants success) backs Rafa, transfer window coming up and we are already in the PL…..
“Whilst down the road the Mackems continue to try and prize away Spennymoors long serving manager”…… (said in the voice of Tom Baker ex Dr Who)
Bambams
Nov 12, 2017 at 9:33 PM
Comment #115Runaway777
Mate even I would go watch the Mackems if free seat in directors box.
I know his brother very well. Both Sunderland fans, it’s good banter with his brother.
Jail for Ashley
Nov 12, 2017 at 9:34 PM
Comment #116Are you sure Bambams, he was at SJP the other week.
Online Guy
Nov 12, 2017 at 9:35 PM
Comment #117Runaway777. Bad Luck kidda
There’s some “Daft Tw*ts” out there.
Bambams
Nov 12, 2017 at 9:37 PM
Comment #118Jail
Solid…
His brother (for all he is a red and white) is a good mate…..Good banter though – had my life during that horrible derby run of theirs….ooh painful. Move on
beermonkey
Nov 12, 2017 at 9:38 PM
Comment #119Sting supports his hometown Premier League football club Newcastle United, and in 2009, backed a Newcastle United Supporters’ campaign against the plan of owner Mike Ashley to sell off naming rights to St James’ Park.
from his wiki page as we know a font of truth 🙂
Bambams
Nov 12, 2017 at 9:41 PM
Comment #120Beer
Please take my word on it. I googled that exact paragraph and sent it to his brother…..I won’t reply what I got back.
I know he does back loads of charities in North East and I am not saying he is against us – just that from the age of 10 took his younger brother on the bus from Wallsend to Roker Park.