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.