Amanda Staveley’s Recent Phantom Second Bid Explained – There Wasn’t One

There was an article in the National – a Dubai newspaper – published on December 1st and which we read and didn’t find anything new about the Newcastle takeover.

The title of the article was “Newcastle takeover offers hope of catalyst for the revival of fortunes for UK’s northeast amid Brexit uncertainty, “ and it concentrated on the Newcastle fans who desperately want a new owner.

It contained quotes from Newcastle fan Dr. Neil Mitchell, a Dubai-based lifetime fan of Newcastle who is now the Medical Director of the Dubai Dentist Clinic – and who has written a couple of articles about the takeover in the Chronicle lately.

Amanda Staveley – leading consortium to buy Newcastle

The piece that has been confusing is what is at the beginning of the recent December 1st article:

“A second offer, a one-time payment of under £300 million, has been made by PCP Capital Partners and negotiations are delicately poised.”

Read more: Dubai financier Amanda Staveley offers to buy Newcastle United in one-off payment of under £300 million

“A conclusion cannot come soon enough for fans who support the club in huge numbers but have known little success in recent times.”

The line in the middle is a link to another article published in the National back on November 21st.

This is the first article that drew excitement and was about Staveley’s offer that contained many different clauses and was unacceptable and got all the publicity.

The title of that article was  “Dubai financier Amanda Staveley offers to buy Newcastle United in a one-off payment of under £300 million.”

This is some of what was in that article of 12 days ago:

“Dubai financier Amanda Staveley’s second offer to buy Newcastle United is at an amount below £300 million but crucially she is willing to pay this amount in one lump sum rather than in instalments, a source close to negotiations said.”

“When announcing his intention to sell last month, Mr Ashley had signalled he would accept payment in instalments and was said to be seeking between £350m and £400m.”

“Ms. Staveley’s PCP Capital Partners has been in discussions with Mike Ashley, Newcastle’s owner, since then and an initial offer of £350m to be paid in instalments over a period of three years was rejected by Mr Ashley.”

“That’s because it contained clauses that would have altered the price in the event of relegation from the Premier League.”

So in fact, the two bids were detailed back on November 21st and the second bid was the £300M one-time payment.

Further confusion is that the bid with all the clauses in was generally reported in the UK as being for £300M.

But according to the November 21st article, it was for £350M, which would be paid in installments and contained all the clauses in it the owner didn’t like – and was unacceptable to Ashley.

The one time bid is what is now being reported as a new bid, and we don’t think there’s anything new that wasn’t already reported in the National article of November 21st.

We could be wrong on this, and I could be going crazy – that’s always possible.

Here’s the first article in the National and here’s the second article – you can decide.

Comments welcome.

14 comments so far

  • catchy in norway

    Dec 3, 2017 at 8:06 AM

    Comment #1


    should we live in fantasy world where Amanda or some other phantom buyer buys the club for 3 trillion gazilion dollars ?
    this is what is posted about most right now. why are people talking about this, are they/you not guilty of exactly the same thing.

    the things i am saying have merit and are based on on fact whether you like them ooor not.

    we could switch things up all together and only talk about the new royal wedding if you like. what dress will she wear.?

    or should we start talking about the 500 players that ED will link us to between now and the end of Jan, and watch us buy none of them.

    it must be great in your world where everyone just pats each other on the back and lives in an echo chamber hearing the same things and confirming the same things, oh yes i forget thats the PC world we live in

  • Jib

    Dec 3, 2017 at 8:07 AM

    Comment #2

    Taking a look at the UK media this week
    and some journo’s tweets , one gets the
    decided impression that they have been told
    to back off from reporting on the takeover
    in case they upset the applecart.

  • toonbrother

    Dec 3, 2017 at 8:09 AM

    Comment #3

    Ritchie Killed us yesterday
    2 weeks ago he played on the right, and all goals conceded came from the right channel
    Yesterday he played on the left, and all goals conceded came from the left channel
    The ridiculous hype about him being our best player needs to stop

  • Frank pingles come sock

    Dec 3, 2017 at 8:12 AM

    Comment #4

    Ermmmm Ed…..I think you are confused ?

    There is / was a second bid a good two weeks ago and that’s the one still being discussed

    It’s a one off take it or leave it offer

    It’s the one they are still negotiating and see if they can iron out a few of the clauses.

  • Frank pingles come sock

    Dec 3, 2017 at 8:14 AM

    Comment #5

    Please excuse the poor grammar above , I was typing it whilst using my sock for other things

  • catchy in norway

    Dec 3, 2017 at 8:17 AM

    Comment #6


    did Richie ask to be played at LB

    stick him on the right wing with something to aim at, he seems to do ok in my book.

  • Jib

    Dec 3, 2017 at 8:17 AM

    Comment #7

    Some classic guff from Catchpole

    “comparing prices is idiotic”

    Also Mr Norwegian
    If you are going to cry about being
    dyslexic – I would suggest not using phrases like:-
    ” say you bought a player 4 seasons
    ago and prices have risen experientially.”

    I think the word you want is “exponentially”

    I am enjoying Jesper’s and Catchy’s current
    I think the scales have fallen from people’s eyes
    regarding these two.
    When they were spouting nonsense about Ashley
    folk didn’t question it because he was hate figure
    Now people are realizing what these two are about.

  • catchy in norway

    Dec 3, 2017 at 8:20 AM

    Comment #8

    thats my boy jib

    hit us with the facts

    we all know jib is short for gibberish, the tosh you spout out

  • catchy in norway

    Dec 3, 2017 at 8:21 AM

    Comment #9

    jurnos told to back off,

    who would have thunk it..

  • catchy in norway

    Dec 3, 2017 at 8:22 AM

    Comment #10
  • geordiesteve520

    Dec 3, 2017 at 8:28 AM

    Comment #11

    Ah Toonbrother, so finally moved on from Colo, eh?


    Dec 3, 2017 at 10:52 AM

    Comment #12

    In RAFA we trust ! No one was expecting us to get antthing at Old Trafford and at Chelsea either! We need to concentrate on accumulating enough points to stay up ! A takeover will be welcome too and with that will RAFA finally get the financial clout and the Clubs Support for the players he needs?

  • mactoon

    Dec 3, 2017 at 5:54 PM

    Comment #13

    Signing a non disclosure agreement means that the interested party cannot comment on any detail of the deal or negotiations. Therefore be assured that any detail from journalists are pure speculation and should be taken as such

  • brklyngeordie

    Dec 3, 2017 at 8:55 PM

    Comment #14

    Need to concentrate on football and forget this takeover and figure out how this current group of players can get us over the finish line.
    Didn’t expect it to be easy this year but didn’t expect it to be as bad as it’s been either and up to this point I think some things are really clear.
    1. Lascelles is heart and soul of team and obvious why he is captain the defense looks terrible without him.
    2. Dummett who got a lot of stick for not being able to produce much offensively over the years is also a big miss and the fact we haven’t had a backup for LB for years is down right criminal.
    3.Perez,Mitro,Diame,Mbemba,Colback,Gamez,Haidara both GK can all go don’t think I forgot Joselu but feel he is worthy of a bench role more so then the others I mentioned.
    4. Rafa really needs to go back to drawing board and figure out why is it we get leads and let them disappear so easily.

    Lot more i have on mind but hoping team can turn it around and believe once the Captain is back he will lift the lads.


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