PCP Capital Partners Could Find It Difficult To Complete Newcastle Takeover


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?

Comments welcome.



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91 comments so far

  • Lee Charnley Bunga Party

    Nov 29, 2017 at 10:36 AM

    Comment #1

    What happens in the very likely scenario there is no buyer and Ashley doesn’t release any funds in January !?

    Probably would have to recall Toney and Armstrong for squad depth ?

    2
  • Tsunki

    Nov 29, 2017 at 10:36 AM

    Comment #2

    It’s more than likely as any deal nears completion that the interested parties will close ranks and tighten security until we suddenly get the announcement the deal is done.

    If it all was dead in the water, surely there would be news to the effect it was? Silence by all parties at this point is more encouraging than damning imo.

    16
  • hibbit

    Nov 29, 2017 at 10:39 AM

    Comment #3

    manxpie what is it you were asking last night ………..was in the middle of a minor flood !!!

    0
  • Tsunki

    Nov 29, 2017 at 10:40 AM

    Comment #4

    LCBP – we will be stuffed. Would Benitez stay to see out the campaign? Probably, because he could rightly say he was stitched up, and everyone would be able to see it. But who could blame him if he said he can’t stay and be thrown under the bus?

    1
  • toon kk

    Nov 29, 2017 at 10:43 AM

    Comment #5

    Tbh it’s a massive gamble to buy NUFC, we have a average squad which isn’t always used to it’s potential by Rafa. We could turn into a very expensive club if we were relegated again.
    Great point last night, I do think our confidence has dropped off of late, once we scored it really lifted our play.
    Scoring goals was/is always going to be tough from open play we’re basically playing without a striker or at least one capable of scoring. We’ve had the same problem since Ba left.

    5
  • ShirebrookToon

    Nov 29, 2017 at 10:45 AM

    Comment #6

    Hibbit
    I wouldn’t bother mate. It was nothing of importance. Typical WUM

    4
  • Tsunki

    Nov 29, 2017 at 10:48 AM

    Comment #7

    Betty – it’s got to be a mixture of both surely? Or even several considerations.

    Statistically a striker could have a poor return, but if he’s a bench player at Barca does that mean he’s rubbish? Or for some reason him and his current manager have fallen out and he’s being shoved in the reserves? Or he’s had rotten luck with injuries? I wonder how many great players have been scouted by someone turning up and simply having experience an eye for talent? How many players go you think Benitez has watched in his career? I think that’s give questions. Or is it six?

    1
  • ShirebrookToon

    Nov 29, 2017 at 10:48 AM

    Comment #8

    Pardew is the New head coach WBA on 2 n half year deal 😆

    They’re going down

    2
  • ShirebrookToon

    Nov 29, 2017 at 10:50 AM

    Comment #9

    I count 7 tsunki 😉

    1
  • toon kk

    Nov 29, 2017 at 10:51 AM

    Comment #10

    Pards taking Carver with him to West brom!!!!

    2
  • Jail for Ashley

    Nov 29, 2017 at 10:56 AM

    Comment #11

    LCBP,
    Historically fatty has put his hand in his pocket when we’re in the clarts and he needs to protect his investment. Hiring Shearer, a “loan” when we went down, tye five Frenchies when we were going down and the 30M spent on Shelvey, Townsend and Serviette, then again after we eventually went down he let Rafa spend what he wanted within reason. The problem is though he sees no point whatsoever in spending money on trying to achieve success and he badly underestimated how little can be spent on avoiding silverware or extra points. This is why he has to keep spending to get us out of the clarts, I’m not sure if he’ll just give up in January and do an Ellis Short 🙁

    2
  • Jail for Ashley

    Nov 29, 2017 at 10:59 AM

    Comment #12

    Shirebrook,
    First game against Palace, I hope they both lose.

    8
  • ShirebrookToon

    Nov 29, 2017 at 11:01 AM

    Comment #13

    Jail
    Now that would be nice

    1
  • Tsunki

    Nov 29, 2017 at 11:01 AM

    Comment #14

    A bit of a mixed bag(ggies) reaction to the King’s Coronation – “John Carver is an absolute nut job, the felony of hiring Pardew is compounded by this additional appointment” .

    Desperate times, just think what the alternatives are when you want Rafa sacked.

    3
  • Jail for Ashley

    Nov 29, 2017 at 11:07 AM

    Comment #15

    I thought it was a joke about Carver, it must be to fight the fans when it goes tits up 😀

    2
  • toontaff2

    Nov 29, 2017 at 11:07 AM

    Comment #16

    Well, there go 2 possible replacements for RAFA! 😆
    Will WBA now be Pardewed or Carvered?

    4
  • hibbit

    Nov 29, 2017 at 11:08 AM

    Comment #17

    I’m a 100% sure this deal will still go though before the window opens a deal of this size avalue was never going to happen overnight as some seem to think

    Ashley and his team have totally underestimated PCP
    Ashley legal team are still at the table
    Ashley is doing all the pushing he needs this deal
    its now or never for Ashley to achieve any were near his asking price

    keep the faith this deal will go through just not in time scale most on here think it should

    7
  • Jail for Ashley

    Nov 29, 2017 at 11:10 AM

    Comment #18

    What do they do when they sack Pardew, how on earth can they put Carver in charge as a caretaker.

    4
  • toontaff2

    Nov 29, 2017 at 11:12 AM

    Comment #19

    Watch oot, Hibbit! There’s a wagon load of wood being unloaded outside the Gallowgate! 😉

    2
  • Jail for Ashley

    Nov 29, 2017 at 11:15 AM

    Comment #20

    Howay toontaff,
    Chin up, Pulis and Megson will be available for awhile. We need to act quick if we want to get big Sam though. The first question Churners will have to ask him though is will he play Mbemba and Mitro, or better still have catchy as his DoF!!!

    1
  • Rotonda heights

    Nov 29, 2017 at 11:19 AM

    Comment #21

    Ed,
    if there is no takeover, all hell won’t be let loose as sadly we’re pretty much resigned to our fate. There may be a few sounding off, but they’ll accept it and 50,000 will still go to sjp in a never ending cycle of mediocrity. only difference this time is ash won’t be able to get off and he will go down and stay down with us and his greed will haunt us and him for a long time.

    Shire, sparky and hibbitt, I’ve kept the faith with you guys for as long as possible, checking on here, twitter and newsnow every 5 mins but this delay and stalemate is now sounding a bit terminal.

    3
  • Jail for Ashley

    Nov 29, 2017 at 11:20 AM

    Comment #22

    We’ve got to get five points out of the next eighteen to be on course for twenty at halfway. Leicester, Everton and West Ham should do it.

    0
  • ShirebrookToon

    Nov 29, 2017 at 11:20 AM

    Comment #23

    Toontaff
    😆

    Whose unloading it? The gestapo haha

    2
  • Little h

    Nov 29, 2017 at 11:23 AM

    Comment #24

    Here’s some food for thought imagine the take over don’t happen by Jan window… now imagine rafa starts mitro from now till then and mitro bangs em in for fun, any body think fcb will splash out for a decent striker then? Or even splash out on anybody?

    0
  • Jail for Ashley

    Nov 29, 2017 at 11:25 AM

    Comment #25

    Little h,
    It’s impossible to get Ashleys logic.

    3
  • PureGeordie

    Nov 29, 2017 at 11:26 AM

    Comment #26

    Shire brook/hibbit

    You lads really reckon this deal will be completed? Seen you’s have mentioned a fee and exclusivity pretty much agreed, but when there’s certain journalists on twitter going round with their usual negative outlook, it does make you panic!

    0
  • RUNAWAY777

    Nov 29, 2017 at 11:28 AM

    Comment #27

    Jail did you see Leicester last night starying play good football again to beat Tottenham 2 1 and to top it two super goals from open play dont think that will be a easy game mate

    5
  • catchy in norway

    Nov 29, 2017 at 11:29 AM

    Comment #28

    lol, Palace and WBA poor teams going down

    0
  • toontaff2

    Nov 29, 2017 at 11:30 AM

    Comment #29

    You, too, Shire! They’re building a doubler!

    0
  • ShirebrookToon

    Nov 29, 2017 at 11:31 AM

    Comment #30

    Now news is good news.

    Loose lips, sink ships

    Next time we here anything is when the deal is done

    5
  • Jail for Ashley

    Nov 29, 2017 at 11:31 AM

    Comment #31

    RUNAWAY777,
    No game is easy when you’re in a scrap but those three are our best chance at five points, imo.

    0
  • ShirebrookToon

    Nov 29, 2017 at 11:32 AM

    Comment #32

    Toontaff
    Ah, that must be Corbyn and his band of merry men then 😆

    1
  • Jail for Ashley

    Nov 29, 2017 at 11:32 AM

    Comment #33

    Catchy,
    Unfortunately I think Pardew will turn it around for his usual timeframe and WBA will be safe.

    4
  • toontaff2

    Nov 29, 2017 at 11:33 AM

    Comment #34

    14 games, 4 wins, 3 draws, 7 defeats = 38 games 11/12 wins, 8/7 draws 19 defeats = 41/43 points.
    I went for 45 points, 13 wins, 6 draws, 19 defeats on Martoon’s predictor – DELUDED! 😆

    0
  • posada

    Nov 29, 2017 at 11:34 AM

    Comment #35

    The lovely Amanda.
    Stalking Horse ?

    0
  • toontaff2

    Nov 29, 2017 at 11:35 AM

    Comment #36

    Shire, rent a crowd will be there the 🙄

    1
  • ShirebrookToon

    Nov 29, 2017 at 11:36 AM

    Comment #37

    Taff
    Brilliant 😆

    0
  • Grantosuk

    Nov 29, 2017 at 11:37 AM

    Comment #38

    My Dad overheard Sir John Hall in a box on Saturday saying that the deal had been done and they were thrashing out details like payment etc.

    5
  • toontaff2

    Nov 29, 2017 at 11:39 AM

    Comment #39

    Teams we have not played, yet:
    Chelsea, Leicester, Everton, Arsenal, Man City
    5 points from those to get to 20.

    0
  • Jail for Ashley

    Nov 29, 2017 at 11:40 AM

    Comment #40

    I had a bet with a Lpool fan that we’d be nearer to the top ten than bottom three, so far we’re in place. If we can add a few reinforcements in January we should be ok.

    4

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