Report – Staveley The Only Bidder – Ashley Interested In Straight £300M Deal


There’s another report out today on the potential sale of Newcastle United to Amanda Staveley’s PCP Capital Partners group.

It’s in the Star and written by Ian Murtagh and it offers another interesting view on the potential sale of Newcastle United to the consortium put together by the PCP Capital Partners group.

The report is that the latest offer is one for £250M all paid up front and with no clauses in it.

It’s becoming clear that over the past several weeks Newcastle’s poor form and results in the Premier league have complicated the deal.

Amanda Staveley – could she raise the bid to £300M

The report is that while Mike Ashley will reject (has rejected) the £250M offer he could be interested in an offer of £300M that would give him a profit on the £262M he has invested in the club.

Here’s a small portion of the Star report:

“Mike Ashley rejected an initial offer from Amanda Staveley last month and it looks as if he’s once again given short shrift to a second £250M bid, one that would involve a one-off payment and no clauses within it.”

“What has become abundantly clear is that if Newcastle is sold, it will be to those interests represented by Staveley.”

“Despite five parties signing non-disclosure agreements following Ashley’s decision to put the club up for sale, everything points to PCP being the only runners left in the race.”

“Suggestions that Ashley may consider an improved offer in the region of £300M is intriguing.”

“Despite one report claiming Staveley has given Ashley a fortnight to accept the offer, there is no set deadline.”

“But she wants the takeover completed well before January 30 when the transfer window shuts.”

We assume the £300M offer would be with no clauses in it which surely would be a huge risk to Staveley should Newcastle be relegated.

Since this is Newcastle we know absolutely anything is possible – if only because of our past history.

The report also says that Rafa Benitez is desperate for the deal to go through because only then will he know he has the support and money from the owner to build Newcastle United into a top team.

At the moment he is struggling, like former managers, because of the lack of investment in Newcastle.

Over the last two transfer windows this year Mike Ashley has given Rafa a net of  £19M to spend on new players.

And we wonder why the team is struggling?

And that’s after Rafa must have saved Mike Ashley around £150M – £200M on the value of Newcastle by getting the club immediately promoted last season from the Championship and back into the big money of the Premier League.

But since then Ashley has again made the same old mistake – not spending Newcastle’s money on new players.

That’s why we are where we are.

Comments welcome.



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6 comments so far

  • Essex Geordie Bill

    Dec 5, 2017 at 2:11 PM

    Comment #1

    As regards the bid, as I have previously said.

    Wyrd bið ful aræd

    1
  • catchy in norway

    Dec 5, 2017 at 2:21 PM

    Comment #2

    I KNOW, FOOTBALL BLOG, SO LETS TALK ABOUT CRICKET.

    no double standards in here is there

    4
  • lesh

    Dec 5, 2017 at 2:25 PM

    Comment #3

    Ed

    You’re right that recent form has set the alarm bells ringing. But, don’t lose sight of the fact that we’re not yet halfway through the season.

    Yes, investment’s needed this window and it’s really up to the parties involved in the takeover discussions to iron something out to spend what’s needed to keep us up and who spends it.

    The biggest worry for PCP is the outcome of any HMRC investigation into alleged impropriety in regard to taxation. As whatever HMRC’s looking at occurred under Ashley’s ownership, then it’s only right that PCP be compensated if there’s a hefty fine from HMRC or if points are deducted leading to relegation or a straight demotion are imposed by the FA.

    0
  • Jib

    Dec 5, 2017 at 2:28 PM

    Comment #4

    The best indicator as regards transfers
    I can find is the FA fit and proper test.
    With every buyout I’ve looked at it would
    appear to be about 6 weeks after the name
    is revealed as undergoing the test by the FA.

    2
  • Essex Geordie Bill

    Dec 5, 2017 at 2:40 PM

    Comment #5

    In an effort to bring some levity to the blog, I was thinking about what Posada said the other day about money corrupting.

    Perhaps we ought to go back to a barter system of doing business without money being involved , I was thinking at the more personal level rather than corporate.

    Picture the scene, it’s match day and the queues are forming at the turnstiles.

    Gatekeeper (let’s call him Mike) “Aye wot ye got”

    Geordie “A nice chicken, should be good for a seat in the stand”

    Mike, examining it purses his lips, “Naah, it’s a bit scrawny. Aahll stick ye in the Leases end behind a stanchion”

    Geordie “Aah cmon man, it’s a good layer”

    Mike. shakes his head, “aalreet, Leases, nee stanchion but at the back, tek it or leave it”

    Geordie “aah ye a tight buggar, alreet”

    Keith, “next!

    Geordie “Sack of tatties, for a seat in the stand.”

    Keith, “King Edwards?”

    Geordie, “Naah theoyr mine, from me allotment”

    Keith, “Leases end behind a stanchion!”

    Geordie, Aah howay cannot ah hev me usual seat aahve been in for years”

    Keith, ” Ay gann on seat 92, as aah knaw ye”

    Keith to a diminutive man standing behind him, “Reet speccy ye tek ower aahm gannin for a pint ”

    Speccy (real name I dunno let’s call him Lee) “Next”, watching a man taking a pig out of his poke (sack)

    1
  • JackButler

    Dec 5, 2017 at 3:41 PM

    Comment #6

    Not believing anything that’s put into print about this deal until it’s 100% complete and over the line.

    3

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