Takeover Latest – Both Parties Talking – Still Disagreements – How Long Will It Take?


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,

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.

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38 comments so far

  • robertsleftfoot

    Dec 18, 2017 at 7:43 AM

    Comment #1

    Surely we are all thinking is £30 mill enough??

    In todays market its barely 2 solid premier league players

    3
  • G

    Dec 18, 2017 at 7:46 AM

    Comment #2

    robert, £30M get’s you an untested centre half in the current market values. 2 solid Prem players would cost you at least £80M.

    3
  • Reilly

    Dec 18, 2017 at 8:00 AM

    Comment #3

    if it is only 30 mill just spend it on loan fees and wages.

    0
  • robertsleftfoot

    Dec 18, 2017 at 8:00 AM

    Comment #4

    G

    To be fair like you are bang on!! I was being a little reserved in the hope we could somehow manage to get 2 current prem players for the £30 mill.

    I am assumming Benitez already has ideas or even things in place come January but £30 mill will surely paper over the cracks for a couple of games and that will be that. Also if PCP are wanting to buy our club and they will reimburse MA for whatever he spends in January I hope they dont think £30 mill will cut the mustard otherwise we could be jumping out of the frying pan into the fire

    0
  • expatmag

    Dec 18, 2017 at 8:01 AM

    Comment #5

    Just like the England cricket team, NUFC is doomed……no takeover….its all been bollox

    4
  • hibbit

    Dec 18, 2017 at 8:01 AM

    Comment #6

    still a veil of secrecy over who the new owner will be, just shows PCP run a very tight ship and how very professional they when handling a client’s affairs

    Ashley and team have shown no respect for PCP and totally underestimated them from day one
    of course they’re going to turn the screw and get the best deal they can for their client even if that means slowing the deal down till they have Ashley exactly where they want him

    6
  • hibbit

    Dec 18, 2017 at 8:02 AM

    Comment #7

    in business Ashley is well know for moving the goalposts when he has the upper hand well he’s met his match this time

    8
  • Charlie in the Gallowgate

    Dec 18, 2017 at 8:04 AM

    Comment #8

    Ashley
    Stop F**KING about

    You have got three choices:

    1. TAKE the STAVELEY OFFER and SELL NOW so the club knows where it STANDS

    2. DON’T SELL BUT YOU HAVE GOT TO GIVE RAFA AT LEAST £50 MILLION TO TRY AND KEEP US UP – maybe save face and not loose any money

    3. DO NOTHING – If you take that option then you can say goodbye to the premeirship and the £300 hundred million

    SIMPLES!!!!!!!!!!!!!!!!!!!! – SELL or GIVE RAFA THE MONEY

    BUT STOP FARTING ON THE MORE TOU DITHER/HAGGLE then the club FREEFALL

    7
  • beermonkey

    Dec 18, 2017 at 8:05 AM

    Comment #9

    Hibbit

    Is it cos pcp is run by a women and she should be at home ironing the fat mans pants if she wants a job

    0
  • ShirebrookToon

    Dec 18, 2017 at 8:09 AM

    Comment #10

    Bollocks!

    5
  • clinath@ed

    Dec 18, 2017 at 8:10 AM

    Comment #11

    The state we are in at the moment, do you really think we could attract the best players, even if we had the money?

    1
  • beermonkey

    Dec 18, 2017 at 8:10 AM

    Comment #12

    Reilly

    Lets hope the days of worrying about 1 mill here and on wages is gone
    And we do what is best for the team
    After all when the team wins the clubs does

    I dont care how much we spend in jan as long as rafa get who he needs to keep us up

    1
  • Ian Toon

    Dec 18, 2017 at 8:10 AM

    Comment #13

    Jail – Many thanks for dropping my name into your well-constructed post. I always enjoy your insightful take on all matters………..
    Just in case I miss any of your subsequent missives kindly assume I have responded in the same way.
    Incidentally, Ian Cusack would not wish to be mistaken for me and I would appreciate you not suggesting we’re one and the same
    person. I am told it’s regularly after a few pints. Either drink less or change the venues.
    Thanking you in anticipation.

    2
  • G

    Dec 18, 2017 at 8:10 AM

    Comment #14

    We still on for Shaun Ryder Shirebrook?

    0
  • beermonkey

    Dec 18, 2017 at 8:12 AM

    Comment #15

    Clinath@ed

    Yes you pay over the odds on wages
    Its what city did

    0
  • magscar

    Dec 18, 2017 at 8:14 AM

    Comment #16

    Is it today then ???

    0
  • lesh

    Dec 18, 2017 at 8:14 AM

    Comment #17

    Shire, Hibbit

    Yesterday the information was that the deal was done and we could expect the announcement today but now we’re reading words such as PCP are dragging their heels…… Are?

    4
  • magscar

    Dec 18, 2017 at 8:18 AM

    Comment #18

    If PCP are haggling I hope it is for something worthwhile and not simply showing Ashley who the better negotiators are – aren’t we entering a period where everyday passing affects the club now?

    0
  • geordiemark

    Dec 18, 2017 at 8:19 AM

    Comment #19

    good morning all 🙂

    if the takeover is announced today all good if not its the way it goes, shows Ashley isn’t having it all his own way

    0
  • expatmag

    Dec 18, 2017 at 8:20 AM

    Comment #20

    Appsrently…..not even close to agreeing the main structure of a deal never mind all the anomalies

    Its all DOUBLE BOLLOX , Shirebrooke…..lol

    4
  • magscar

    Dec 18, 2017 at 8:21 AM

    Comment #21

    Lesh

    There has always been a disconnect between what our regular info spreaders offer and what the media know at that time. Given the lack of insiders the press can only juggle what they can get and are behind the curve it would seem?

    0
  • NezzaNUFC

    Dec 18, 2017 at 8:22 AM

    Comment #22

    Lesh

    Who says PCP are dragging their heels?

    Reports no nowt and are trying to drag out a story.

    If we don’t hear a real report this week then I guess nothing won’t happen till after the new year.

    0
  • geordiemark

    Dec 18, 2017 at 8:22 AM

    Comment #23

    ill take it with a pinch of salt what the media say its always guess work with them lot

    0
  • NezzaNUFC

    Dec 18, 2017 at 8:26 AM

    Comment #24

    When i read about the Man city takeover the owners had visited the ground before making a offer, has anyone visited our ground?

    0
  • NezzaNUFC

    Dec 18, 2017 at 8:28 AM

    Comment #25

    Who’s this Chris moate?

    0
  • magscar

    Dec 18, 2017 at 8:28 AM

    Comment #26

    I take the amount of the January budget with some scepticism. Who goes into buy saying what they have to spend. Even trying to work out what club has after previous spending is of no use in this unique window. PCP can call the tune on figure , Ashley can stump up as in previous January windows when deemed necessary – all sorts of possibilities affecting the real sum. Just as long as it is enough to keep us up 🙂

    0
  • NezzaNUFC

    Dec 18, 2017 at 8:31 AM

    Comment #27

    Magscar

    I believe the 30 million reported is to what Newcastle make in profit a season as to why the media have came up with this.

    For guarantee safety 50+ must be spent

    0
  • DubaiMicky

    Dec 18, 2017 at 8:33 AM

    Comment #28

    hibbit #6, good post.

    Look, this isn’t about the money anymore, it’s now a cock fight/who can piss higher up the wall. Basically neither want to look like they’ve been got the better of by the other party, hence you need a “Staveley” as a mediator to get the deal across the line. Believe me, if the Arabs think they’re getting pissed on they will walk, no matter what is at stake (they leave whole buildings of apartments here empty rather than lower the rent asked – yep it’s crazy but that’s the attitude).

    It wouldn’t surprise me to never know the real sale price (Private company, so no need to reveal it), and the takeover happens “under the radar”. As in at 4.30pm on some given day it’s announced NUFC has been sold to MBS’s Panama based holding company for a dollar.

    Chill guys, there’ll be a hell of a lot more than just £30m coming our way on transfers.

    Incidentally, would you accept a naming rights for say “Aramco @ SJP” in return for a £900million 10 year agreement? So instead of going to SJP, you’ll be going to The Aramco – like the City of Manchester Stadium is now called “The Etihad” – or the Boleyn Ground as Upton Park?

    Don’t worry, it won’t be a dry (no alcohol) stadium.

    2
  • geordiemark

    Dec 18, 2017 at 8:34 AM

    Comment #29

    I would say at least 6 players are needed really, that with experience would be a tidy sum, unless most of them are loan agreements but the fact remains we need them players

    1
  • toontaff2

    Dec 18, 2017 at 8:37 AM

    Comment #30

    Shire, you tease!
    Time Tuff gave you a good thwacking!
    Cricket done, Expat crowing – hope he’s not on the vino certain Scandinavian will be climbing board his high horse, if he is! He loves dope peddlars, especially those asthmatic ones, but hates drunken Toon yobs 😉

    1
  • toontaff2

    Dec 18, 2017 at 8:38 AM

    Comment #31

    Goalie. Defensive midfield. No. 10 and CF – minimum.

    2
  • geordiemark

    Dec 18, 2017 at 8:40 AM

    Comment #32

    hibbit

    just like when Ashley showed no respect towards the owners off man city before they bought them instead of us a few years ago, he thinks hes above them complete nut job he is

    1
  • geordiemark

    Dec 18, 2017 at 8:41 AM

    Comment #33

    DubaiMicky

    900 million for name change of the ground is ok by me 🙂 , I only hated Ashley doing it because the club got nothing out of it

    1
  • frankie

    Dec 18, 2017 at 8:48 AM

    Comment #34

    Jim White doesn’t have a clue, bloke is just a mouthpiece to drum up viewers and listeners (Talksport). He said this during one if his morning shows during the week. He makes statements to earn a living.

    1
  • JohnJ

    Dec 18, 2017 at 9:01 AM

    Comment #35

    It seems to me had we managed to sign a decent (not even top notch) goalscorer we would not be in the position we are in now – I recon we would have been a solid mid table team if not a bit higher. No one really expected wins away to the likes of Man U, Chelsea or Arsenal but with a decent centre forward we could have taken draws from some of those games! We could also have won some of the games we have lost. Bournemouth & Everton come to mind and those six points alone would have put us in mid table. If we can find a decent scorer we will be OK!

    1
  • lesh

    Dec 18, 2017 at 9:34 AM

    Comment #36

    Nezza

    Who said PCP’s dragging its heels?.

    No less than Shirebrook, previous thread post 397….

    ‘Jib is spot on with that. PCP are the ones that are dragging their heels.’

    0
  • Geordie-john

    Dec 18, 2017 at 10:30 AM

    Comment #37

    I can’t understand how the team can’t even hit the bit between the sticks ! Why ? It can’t be that difficult, Even Shola managed it. Come back Shola. Teach these youngens how it’s ( Sometimes ) done. LOL.
    Haway lads grow a pair take a chance , Take a shot or two you never know it might go in . It’s better than not having a go. I would rather win but to see you’s lose without having a real go then that’s just not how it’s done on Tyneside . Come on man !

    1
  • terencelim

    Dec 18, 2017 at 12:03 PM

    Comment #38

    Nothing happens. Fans are too forgetful and the league worst owner wouldn’t simply leave.

    0

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