There was an excellent piece in the Mirror yesterday from Simon Bird on the potential takeover by Amanda Staveley and her PCP capital Partners group, and there are one or two new pieces of information.
It seems the two sides now at a standoff on price with Amanda Staveley’s offer barely getting to £300M with all the various clauses and conditions in the bid.
Mike Ashley is reported to have dropped his price and now wants (only?) £350M
Ashley has an investment of around £262M in Newcastle – give or take a million or two – so if he can get that amount from Staveley – at least he wouldn’t lose money on the deal – he wouldn’t make any either.
Amanda Staveley – head of PCP Capital Partners
The Mirror reports there is also some bad blood between the sides because the bid was leaked to the press and was made to look better than it was.
That upset Ashley because Newcastle fans were made more hopeful that a deal could be agreed and soon too.
The big problem looming at Newcastle is if Mike Ashley, for the third time, will pull out of wanting to sell the club and say he didn’t get the offer he wanted.,
It could happen and if it does then all hell will be let loose on Tyneside.
Newcastle fans want Mike Ashley out because he’s already done enough damage to Newcastle United and our worldwide image in football.
In 10 years we have been relegated twice and finished only once in the top nine of the Premier League.
We are still waiting for Staveley’s improved offer, but if the two sides cannot agree on a price then the question is how long could this stalemate last?
Also, there have been no new reports about a second interested party as put out by the Telegraph on Monday.
It was a good story – we hope it’s true.
But as time goes by the chances of an Ashley sale could well diminish.
What do you think?