The Sun is reporting that Newcastle owner Mike Ashley and PCP Capital Partner’s lead Amanda Staveley have held their first face to face meeting at the Paradise Indian restaurant in Hampstead.
The meeting was arranged by media mogul Richard Desmond.
The meeting ended with “everybody smiling and with various hugs and kisses” – so the meal must have been really good!
But the news is not all good for Newcastle fans in that it is now almost impossible for Staveley to buy Newcastle before the end of January.
So Rafa Benitez may not get the transfer funds he needs in January to improve our squad – those funds need to come from Mike Ashley.
Amanda Staveley – could be the new face of Newcastle
But the report is that both parties found “common ground, ” and the negotiations will continue.
The interesting news is that when Desmond said goodbye separately to Staveley and then Ashley, he punched the air in celebration.
That meal must have been delicious!
But joking aside this meeting is excellent news for Newcastle fans because it shows that both parties are serious and the takeover could well happen if not within two months.
Mike Ashley – leaving restaurant followed by wife Linda
If the deal is successful, it looks like Amanda Staveley will take an active interest in Newcastle, and she will be the new face of Newcastle as the lead owner and Chief Executive.
That sounds very good.
Ms. Staveley is using the investment from Dubai and Saudi Arabia to help fund the deal.
Here’s some interesting trivia from the Sun Report:
“SunSport understands the sportswear magnate delayed a planned trip to America to meet Staveley in London on Wednesday.”
“Ashley regularly dines at Paradise, which is just a 20-minute drive from his family home in the leafy village of Totteridge in North London.”
“It is a low-key restaurant, with the cheapest curry costing just £6.45 – 50p less than a chicken curry at the sports bar at St James’ Park.”
Ashley attended the dinner with his wife, Linda.
To finish on some good news – although the two parties seem far apart on the price both are now said to be confident that some middle ground can be reached.
Maybe a compromise deal at £275M?