Craig Hope has written a piece in the Mail where he says that after the meeting between Ashley and Staveley at an Indian restaurant on Wednesday night, there was no agreement on the price.
The Staveley offer stays at about £250M, and Mike Ashley wants a minimum of £300M to sell the club, and we suppose splitting the difference to £275M was not acceptable – probably to Mike Ashley.
The piece in the Mail doesn’t really have any new news in it apart from saying there is a second bidder who has made an offer – what?
We also know that relegation is a concern for the PCP Capital Partners group, which Ashley has brought on himself by not investing in the squad last summer.
Mike Ashley – with wife Linda leaving Indian restaurant on Wednesday night
The one line in the Mail that is causing some interest is the following:
“Mike Ashley is holding out for £300M and has claimed that a rival bidder is prepared to pay £320M, although no details are known of the second party.”
The Telegraph had reported that a second bidder was also interested in buying Newcastle, but the latest on that from the Telegraph (Luke Edwards) was that no progress was made by this second party.
But if a bid for £320M was real we would have surely heard more in the press about this – since it seems to exceed what Ashley is asking for the club.
It seems that in early December Amanda did alter her bid of £250M for Newcastle to be slightly different – it will be paid in one single upfront payment rather than via installments as she had previously offered.
We would be surprised if a second bidder has in fact bid £320M – why wouldn’t Ashley accept that offer?
But by the very nature of mergers and acquisitions (M&A), it could be accurate – with secrecy usually being the key to doing a deal.
On my comment about West Ham earlier (I have quickly erased it) – I was looking at a live table – and they had already 13 points assuming they beat Chelsea – sorry for that error – yes I may be going crazy.
But with West Ham beating Chelsea 1-0 Newcastle are now only 2 points above the drop zone before today’s game at home to Leicester.