Newcastle fans need some good news given where were are in the Premier League table.
Jim White of Sky Sports gave an update on the situation yesterday.
But it wasn’t anything particularly new as he quotes a source close to the negotiations between owner Mike Ashley and Amanda Staveley.
Ms. Staveley of PCP Capital Partners is leading the takeover on behalf of a consortium of investors from the Middle East.
Mike Ashley – and Amanda Staveley
This is what Jim White put out on his Twitter account,
Source close to @NUFC takeover talks says valuation gap remains but it’s still hoped both parties “can find a way to get a deal done.”
— Jim White (@JimWhite) December 17, 2017
It still seems both parties are still keen on a deal, but we would be surprised if an agreement is reached anytime soon.
The thing we should all be hoping for is Mike Ashley – potentially with the help of Amanda Staveley – gives Rafa Benitez up to £30M to spend on new players next month – something that was reported last week by Sky Sports.
The best thing for the club, given our current situation, is that the deal goes through quickly – but we cannot see that happening.
We hope we are wrong.
The next best thing is that £30M of transfer funds is made available to Rafa who needs new players in January if we are to have a decent chance of surviving this season in the Premier League.
As well as the price still not being agreed on – another area of disagreement is what happens if Newcastle are relegated.
And that has become a more difficult topic to reach agreement on with Newcastle losing 8 of our last 9 games.
It’s at the worst possible run of form by Newcastle given the status of the takeover.
We have to hope for good news soon on this takeover, but it’s dragging on too long and possibly affecting our players because of the uncertainty.
Another piece of news this weekend was that Amanda Staveley is insisting that Rafa Benitez remains as Newcastle manager – but that’s hardly surprising.