The Chronicle is reporting that new potential owner of Newcastle Amanda Staveley was at Wembley Stadium last night for England’s friendly game with Brazil which ended in a 0-0 draw, like the game against Germany last weekend.
The financier hit the news on Sunday with an Asian report that she had agreed on a price of £300M with owner Mike Ashley to buy Newcastle.
That report was in the Indonesian media outlet Semuanyabola and was followed up with what the Star was calling an exclusive in their Sunday report that the deal could be struck this week.
That’s unlikely to happen, but the news in the Chronicle last night was that the deal is going ahead with no hitches yet.
That probably means the club’s financial records are in good order which was expected after Ashley brought in one of his people, Justin Barnes, in January to ensure that was the case.
Amanda Staveley – at Wembley last night
It now looks like Barnes put a block on any transfers last January and then severely restricted the transfer funds given to a frustrated Rafa Benitez last summer.
In the past Barnes has worked on negotiating deals on behalf of Sports Direct for Republic, BHS, and House of Fraser, so he has good experience in that area.
Staveley’s Dubai-based private equity firm, PCP Capital Partners, want the deal completed by the end of November (if possible) and are currently still in the due diligence stage of the negotiations.
Principal Liverpool owner John W Henry, who heads the New England Sports Venture group, was also at Wembley last night, so that provoked some rumors that maybe Amanda is still interested in buying Liverpool FC.
We doubt there’s any truth in that and as far as we can tell everything is currently on track for Staveley to buy Newcastle United and become the new owner before the end of this year.
We hope that’s true for the sake of the fans, manager Rafa Benitez and for the good of the famous Newcastle United Football Club.