There was some good news yesterday before the home game against Everton – which unfortunately ended up to be our 10th defeat in 17 league games so far this season.
That’s a 59% loss rate, and only Swansea have lost more games this season with 11.
The really good news, however, was that Amanda Staveley raised her bid to £300M and it’s expected to be accepted by current owner Mike Ashley.
Once it’s accepted the negotiations will enter an exclusivity period – estimated at 30 days – during which time Ashley will not be allowed to talk to any other parties who may be interested.
We don’t think there are any at this point and the deal should be completed sometime in January.
Lee Charnley with Rafa Benitez last year
It will be longer than four weeks to complete because of the Christmas period, but Ms. Staveley may try to hurry it though so she is the owner as soon as possible – given Newcastle’s current position in the Premier League.
Rafa Benitez is meeting with Managing Director Lee Charnley today, and no doubt will be told of the status of the takeover and also how much transfer money is available in January – reported to be £30M.
Rafa has already identified a list of targets for the January transfer window with his recruitment team.
He needs to know what transfer funds he will be given so Lee Charnley can begin going after the players Rafa wants.
Obviously, the sooner we can bring those players in the better it will be for the team.
Rafa will want to bring some experienced Premier League players to Newcastle if he can get them and could go after some players on loan in addition to buying players.
We would expect Rafa to try to bring in up to five players to help the side survive in the Premier League this season.
That’s job one – the only thing that really matters this season.
Sam Allardyce supports Rafa to be able to do the job this season:
“Ashley wants to sell, so if Mike says he wants to then if a buyer meets that demand then he steps down, then a new regime or consortium steps in and can hopefully deliver the sort of money you’re expecting.”
“There’s a lot of people who come to make money in the Premier League now, because you can make money.”
“If Newcastle gets a new owner, then Rafa has a very track record of the clubs he’s been at before being very successful, and he’s spent money pretty well.”
Rafa last night said this about the takeover:
“I don’t have any information. I need to know how much money we will have for January as soon as possible, that is it but I have no information.”
Lee Charnley will tell Rafa all he needs to know today in their meeting on transfers.
One last thing – wonder what position Lee Charnley will get once Ms. Staveley takes over?