Report – Staveley Takeover Moving Ahead – No Hitches So Far


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.

Comments welcome.



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16 comments so far

  • lesh

    Nov 15, 2017 at 8:55 AM

    Comment #1

    John W Henry’s presence at Wemberly might have provided a timely nudge to Ashley – just in case he’s being greedy!

    2
  • martoon

    Nov 15, 2017 at 8:56 AM

    Comment #2

    Still the same old picture Ed, that’s from St James not Wembley 🙂

    1
  • Jib

    Nov 15, 2017 at 8:58 AM

    Comment #3

    For ages Tsunki (and others) were on my case for
    what was perceived as my Xenophobic bullying
    of Jesper

    All of a sudden folk get it !

    It has nothing to do with his nationality.

    It has everything to do with him being an argumentative
    cross-grained , attention craving , know-nowt.

    9
  • Ibizatoon

    Nov 15, 2017 at 9:01 AM

    Comment #4

    Well, if that doesn’t make people question their tactics I don’t know what will.

    0
  • Rotonda heights

    Nov 15, 2017 at 9:04 AM

    Comment #6

    martoon

    Not meant literally!

    Ed

    No hitches .don’t tempt fate !!!

    2
  • lesh

    Nov 15, 2017 at 9:18 AM

    Comment #7

    Jiblets

    ‘It has everything to do with him being an argumentative
    cross-grained , attention craving , know-nowt’?

    Pot, kettle comes to mind

    4
  • ShirebrookToon

    Nov 15, 2017 at 9:22 AM

    Comment #8

    27th onwards boys and girls. Strap yourselves in

    5
  • @KeyaNUFC

    Nov 15, 2017 at 9:28 AM

    Comment #9

    We should organise an event to wave Mike off haha!

    3
  • martoon

    Nov 15, 2017 at 9:30 AM

    Comment #10

    Rotonda – I knew that really it was just a reference to my last comment that we should now get some new pictures of her from Wembley.

    Anyway to football – presumably a lot of the squad will be travelling back today so they won’t all be together until tomorrow! Mitro will be knackered from travelling from Asia, Mbemba will have travelled a fair distance as well and Clarke’s frame of mind might not be too great after last night. With the injuries to Lascelles & Atsu we’re going to struggle to put out a competitive team on Saturday!

    1
  • Jib

    Nov 15, 2017 at 9:30 AM

    Comment #11

    Lesh
    No need for you to step in dear fella

    Give me one instance of Jesper ever posting
    anything new or informative on here.

    Everyone I can think of – even you
    comes up with the odd nugget.

    Not Jesper – he just picks holes in what other
    posters say.

    He like the chorus in a Greek tragedy

    1
  • Jib

    Nov 15, 2017 at 9:31 AM

    Comment #12

    He’s

    0
  • lesh

    Nov 15, 2017 at 9:33 AM

    Comment #13

    Jib

    To paraphrase Basil Fawlty, he’s from Denmark you know!

    2
  • oldman

    Nov 15, 2017 at 11:09 AM

    Comment #14

    I’m new to this and 70 years old I spent years delivering tv’s and stuff all over the country for Rumbelows about 30 years ago which is how I started to watch NUFC (only on TV cos I live in Cheshire). Been following all this takeover stuff

    0
  • Sav

    Nov 15, 2017 at 11:13 AM

    Comment #15

    Killer heels and muddy boots.

    2
  • oldman

    Nov 15, 2017 at 12:12 PM

    Comment #16

    I always read with interest the comments here and will probably get slated for saying this but take into account I am 70. The takeover talk. People see that Amanda woman at the Newcastle v Liverpool she’s been interested in LFC and is Sat with a LFC representative. Everyone jumps to the conclusion she’s buying NUFC how? The press all over the world is all over it and print anything to sell papers. Why is there no concrete proof? Have NUFC said anything? It could just be a story to sell papers. Next it will be true because it’s in the morning edition of the Seychelles Times lol. I will believe it when and if it happens!

    0

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