New Report Muddies The Water On Where Staveley Is In Buying Newcastle


There is a new report out today in the Financial Times on the state of the Newcastle takeover, and it seems to level set where are we are in PCP Capital Partners led by financier Amanda Staveley trying to acquire Newcastle.

What they report is there was not a second bid made of £300M made by Ms. Staveley but that the previous offer of £250M still stands and there is no relegation clause in that offer.

That’s different from what Sky Sports had reported over the last several days.

Keith Downie had said an improved £300M had been made and only yesterday he had tweeted the relegation clause in the contract is where the disagreement is.

Instead, the Financial Times is reporting that Amanda Staveley wants to make the offer at £250M and if Newcastle survive relegation, they will give Mike Ashley a bonus payment – maybe that’s £50M?

Amanda Staveley – wants to pay Ashley a bonus if Newcastle avoid relegation

They also believe there is a better chance of being relegated than not for Newcastle with PCP Capital Partners saying there is 65% chance of relegation.

🙁

Here is an extract from the report:

“The proposed takeover of Newcastle United football club has reached a critical stage, with disagreements about the value of the club if it is relegated from the Premier League preventing a quick deal between Mike Ashley, the current owner, and Amanda Staveley, the prospective buyer.”

“The sides are still in talks, but questions persist over how to structure a deal should Newcastle, which has dropped to near the bottom of the league, falls out of English football’s top tier, a failure that would decimate the value of the north-eastern club.”

Ms. Staveley wants to pay an initial low price and increase that should Newcastle stay in the Premier League this season:

“Ms. Staveley is resisting paying a high price up front and will not be swayed by promises of a rebate should Newcastle be relegated, according to people familiar with the talks.”

“She is is instead pushing for a structure where she would pay a lower price for the club and then top it up in May if Newcastle retains its top-flight status.”

It’s difficult to know what is true and what isn’t true with these differing reports.

However, the Financial Times does end by saying a deal could still be reached quickly:

“However, negotiations remain fluid and could move more quickly if a price and deal structure can be agreed.”

That’s just to keep us all on our toes.

But Newcastle must get back on an even keel in the Premier League – we must stay in the Premier League this season – every successive defeat is not good at all.

Rafa and the players with the help of the fans must steady the ship as soon as possible.

And to think I thought this would be a good season with Newcastle in the middle of the table with no relegation worries at all.

I was wrong again!

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Comments welcome.


21 comments so far

  • Essex Geordie Bill

    Dec 15, 2017 at 1:49 PM

    Comment #1

    Hows that for observation thought I’d seen that bl**dy driver.

    I’ll repost my comments but will wait till he finally gets to the terminus before doing any more! 🙂

    Does Shelvey have an immediate ban or is it subject to some FA ruling before it becomes effective.

    Another thing I’m curious about is, where would a new Stadium be built if that does indeed be decided by the buyers.

    Surely the Town Moor is a non starter unless the guardians go against their own ethics and values.

    And well done Jamaal some of the players need the occasional kick up the posterior, others just need kicking out of the squad.

    0

    Essex Geordie Bill

    Dec 15, 2017 at 1:41 PM

    Comment #79
    And is that Rouise walking towards the bus?

    0

    Essex Geordie Bill

    Dec 15, 2017 at 1:45 PM

    Comment #80
    Charlie

    A nice bit of paranoia, but it wouldn’t surprise me if the was an element of truth in that supposition.

    It was reasonably assumed that you would always find it hard to get into the England team many years ago if yeh wor from up north!

    0
  • Markaccus

    Dec 15, 2017 at 1:49 PM

    Comment #2

    Thump

    Yeah 250 is low, but like I say, if the info is solid, then he ends up with around 400 Mil in total. It also kind of ties in with this article. Got everything crossed.

    1
  • Reilly

    Dec 15, 2017 at 1:52 PM

    Comment #3

    Craig Hope
    @CraigHope_DM
    ·
    10m
    Benitez: “I spoke to Lee Charnley y’day about who we would look to bring in & who could go. But I don’t know the details (of budget) yet.”

    1
  • hibbit

    Dec 15, 2017 at 1:55 PM

    Comment #4

    magscar this is the same jimiley that put this post up

    jimiley
    Dec 13, 2017 at 5:50 PM

    Comment #9
    We should all acknowledge that Ashley has saved this club financially and we owe him our gratitude. I will always remember the Ashley era with fondness.

    3
  • Markaccus

    Dec 15, 2017 at 1:57 PM

    Comment #5

    Hibbit

    Jimiley is right, though. How can we be so ungrateful to the man who brought such legends as JFK (twice) and Denis Wise to the club?

    6
  • BenArfa the magician

    Dec 15, 2017 at 1:58 PM

    Comment #6

    Rafa still not aware of what money is available come Jan, surely we should be trying to tie deals up ready for them too come in 1st Jan. We can not afford to be slow into the market and sign players toward end of Jan.

    I can only hope Rafa is far more aware of whats happening then he’s letting on and is confident we are bringing enough quality to give us a fighting chance.

    0
  • Our Toon

    Dec 15, 2017 at 2:00 PM

    Comment #7

    Jail

    It has nothing to do with 1 player and has a lot to do with not using the entire squad he has available to him. You like to cherry pick comments to have debates on, bottom line is we have a squad of 25 of which 3 or 4 aren’t used. Doesn’t matter what issues you have as a manager with players, when quality is limited you need to utilise the full squad.

    Rafa pride is as much at fault for recent results than not having backing from Ashley. Darlow made a massive error against Leicester and then followed it up with another against Everton. That’s 1 example.

    Anyway I’m sick of going over the same stuff. Let’s see how things pan out. You still never answered how long you’d give rafa if things haven’t turned around!!

    0
  • posada

    Dec 15, 2017 at 2:00 PM

    Comment #8

    “Ms. Staveley is resisting paying a high price up front and will not be swayed by promises of a rebate should Newcastle be relegated, according to people familiar with the talks.

    looks like Amanda is applying the old saying – Possession is 9/10ths of the law.

    0
  • Mister Tuff

    Dec 15, 2017 at 2:02 PM

    Comment #9

    I’m taking this opportunity to speculate again.
    Certainly on the blog – the favourite- (I have doubts myself but….) to buy the club is the next King of Saudi Arabia.

    Posters will know he’s been locking up all his relatives recently and extracting money from them.
    There are well publicised issues – which are current – bombing Yemen – alleged support for groups with extreme views to name a couple.

    So my point is if we finally get rid of Mr Tubbs – could we be simply changing one “bogeyman” for another who will attract criticism from the world about his non footballing “interests”.

    Conversely it has been suggested that this guy is a real reformer and will change a lot of what goes on his country.

    0
  • hibbit

    Dec 15, 2017 at 2:02 PM

    Comment #10

    posada
    would you trust Ashley with your money ??

    3
  • hibbit

    Dec 15, 2017 at 2:06 PM

    Comment #11

    Mister Tuff
    there not relatives as we know it , even a distants cousins distant cousin is class as family

    1
  • lochinvar

    Dec 15, 2017 at 2:08 PM

    Comment #12

    Factoids – we need more factoids (whatever they are)

    1. Apparently you can buy Coventry City for £20m

    2. Why has Rooney not been charged for elbowing Ritchie – is it because:
    a. The incident wasn’t screened by the impartial BBC who still think he’s a Man Utd player
    b. The FA don’t watch MOTD anyway because it’s past their bedtime in the old folks home
    c. a. plus b.
    d. It didn’t happen according to Allardyce well known for plausible denial

    3. The sale of NUFC would have been much easier if the players and RAFA had sorted out their performances, substitutions and results before now

    4. Ashley is in the USA to visit Trump because he’s the only friend he’s got and vice versa

    5. Essex GB – regrading SJP and moving it up the road onto the Town Moor, there was another option proposed in the SJH days and that was to build a trendy new stadium at the Newburn riverside area.

    2
  • Mister Tuff

    Dec 15, 2017 at 2:10 PM

    Comment #13

    Hibbit – couldn’t think of a better word at the time – but you get my drift.

    0
  • Our Toon

    Dec 15, 2017 at 2:10 PM

    Comment #14

    Tuff

    I don’t think it’s anyone 1 individual with real clout. If it was that person wouldn’t be gambling on a potential future investment by not throwing money at it now, when it needs it the most.

    It’ll be a group of ppl with Amanda as top dog!!

    0
  • hibbit

    Dec 15, 2017 at 2:10 PM

    Comment #15

    sure do

    0
  • posada

    Dec 15, 2017 at 2:12 PM

    Comment #16

    Hibbit
    Does Pinocchio have a wooden dong.

    MA could end this right now by taking 200 million for the club.
    That would be a 60 million loss over ten years minus the free advertising.
    What’s that to him.
    He lost 300 million in a short space of time in 2008/9 ish speculating on the value of bank shares, as reported in the national press at the time.
    But, he won’t let this go.

    1
  • TyneMouth

    Dec 15, 2017 at 2:15 PM

    Comment #17

    The ends in sight!

    The only outstanding issue appears to be the financial implications related to a possible relegation next May.

    This obviously means that all the other components of the change of ownership have been agreed. (purchase price, club shop, HMRC liabilities, stadium branding, catering, etc etc…)

    Ashley, realistically, will have to compromise his position regarding the potential damage related to relegation. If he digs his heels in, he will have to fund a substantial transfer programme in January!

    This is not the ‘begining of the end’ it’s almost the ‘end of the absolute end’

    Start chilling the champers…

    3
  • hibbit

    Dec 15, 2017 at 2:18 PM

    Comment #18

    Our Toon @14 what makes you so sure of that ???

    if the window had closed i could possibly see your point but before it’s even opened with things still up in the air its very hard to agree with your thinking

    0
  • magscar

    Dec 15, 2017 at 2:31 PM

    Comment #19

    hibbit

    Just between my chores but caught post to me. Don’t object to jimiley right to post what he believes just don’t have to agree with him as with each and every poster.

    0
  • Binney

    Dec 15, 2017 at 2:42 PM

    Comment #20

    Just because there has been haggling over a price doesn’t mean to say the potentional owner isn’t mega rich. Staveley is obviously a well known and respected broker and has got her reputation by getting deals done as cheap as she can.

    Why would you pay over the odds for something even if you are loaded. Acting on behalf of PCP keeps cards close to her chest. Notice how no one has a clue who really is behind the deal, if Ashley knew straight away a “Mega rich Arab” was interested Ashley wouldn’t budge on a price if he knew from the off who was involved… Just my 2 cents.

    2
  • TudorCrisps

    Dec 15, 2017 at 2:57 PM

    Comment #21

    Why pay broker fees and not go direct

    0

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