Amanda Staveley’s company, PCP Capital Partners, have been into a deep dive on Newcastle’s financial books over the last few weeks.
And the next step, if Amanda is to buy Newcastle, will be to agree on a price with owner Mike Ashley.
Amanda’s group thinks Newcastle are worth £300M while Mike Ashley wants at least £380M and perhaps more, but he has said he is willing to accept staged payments to help the buyers.
Ashley wants the new buyers to make a big investment in new players and wants the deal completed before the end of the year.
That’s so Rafa, and the recruitment team has enough time (and money) to bring in a bevy of new players.
Amanda Staveley – new owner of Newcastle?
Yesterday there was a report in the Asian outlet Semuanyabola that Mike Ashley had accepted a £300M bid from Staveley and her PCP partners and wants the deal done by December.
And there is also an exclusive in the Star that reports the deal is to be completed this coming week.
Let’s hope that’s true.
Why wouldn’t we be hoping the news is true?
The situation could be that a price has been informally agreed between the two parties so that the deal can proceed.
The next step would be that Amanda and her group of investors will now lodge a formal bid to buy Newcastle, knowing that Ashley will accept that bid since the structure of the deal has already been agreed by both parties.
The details would then have to be sorted out quickly with the goal being that ownership changes hands before the end of this month.
Yes, there is some real skepticism from fans at the two reports, but we hope and actually believe there could be some truth in the news.
We hope there is some truth in the news.