After the positive news yesterday from Sky Sports that the offer of £300M from Amanda Staveley was close to being accepted by Newcastle owner Mike Ashley there is news today from the Telegraph that there’s still plenty of work to do.
The next step has to be that Mike Ashley accepts the offer and then with the general agreement in principle agreed to – there will be a period of exclusivity of about 30 days during which the deal can be completed.
So this tweet from Luke Edwards is accurate in that there is still work to do – further due diligence and getting the Premier League to approve the potential new owners of Newcastle.
But that was said to be possible to complete in about 30 days – but could be delayed by the upcoming Christmas holidays.
Mike Ashley – is he going to throw up?
The next piece of news has to be Ashley accepting the offer, and he’s said to be on business over here is the US at the moment.
Here’s Luke Edwards’ tweet.
UPDATE Still plenty of work to do before deal agreed regarding #nufc takeover. It’s not as close as some thought. Talks ongoing. Blah blah blah. I’m going on holiday. So is Ashley apparently. This is getting rather tiresome.
— Luke Edwards (@LukeEdwardsTele) December 14, 2017
That’s not good that Ashley is going on vacation unless somebody is in place to represent him so the deal can keep moving forward; he should also be reachable wherever he is on vacation.
We need the deal completed as soon as possible so Rafa can bring in some of the players he wanted to bring in last summer but couldn’t because Ashley withheld transfer funds.
Now, look at where we are through this particular demonstration of short-sightedness by the Newcastle owner.
It’s not good – in fact it’s starting to become a little alarming.