The Times had reported on Sunday that Amanda Staveley is working on what can be called a “provisional” deal to buy Newcastle with presumably the deal not closing until the end of the season at which time the price will be agreed.
If that happens it just delays the inevitable – remember the two parties cannot agree on a price at the moment.
The story was also picked up in the Chronicle as a possible break in what seem to be deadlocked negotiations.
Ms. Staveley is rightly worried about the possibility of Newcastle being relegated so it would be in her best interests to wait until May, and if we are relegated, she would just walk away from the deal.
But as a big assist to keep Newcastle as a Premier League club, she could agree to loan the club transfer funds for January – even though she would not be the owner and presumably no deal would be closed until the summer.
Amanda Staveley – possibly the new face of Newcastle
This would not be a good deal for Mike Ashley who wants to sell the club quickly – or so he says.
But he’s brought all this relegation problem on himself – by not giving the money he promised Rafa last May.
So it’s karma coming back to bite him in the behind.
It’s evident that Amanda Staveley is serious about buying Newcastle, but this arrangement would hardly be a deal other than it would seem to give Rafa more money to spend in January.
That would be good.
It would be best if Mike Ashley sells as quickly as possible – since Staveley seems to share Rafa’s vision for the club and seems willing to invest in the overall infrastructure and buy some top players too.
Everything Rafa wants to do at Newcastle.
If we understand the provisional deal correctly, there would be no agreement that Ms. Staveley would have to buy the club in the summer unless a price can be agreed.
That’s what is holding up the deal right now – although in the summer the relegation question will not be an issue.
Newcastle will either be a Premier League club and Ms. Staveley will still be interested or else the calamity of another relegation under Mike Ashley will have happened.
And Ms. Staveley will no longer be interested in buying Newcastle.
That’s how we understand what the Times reported.
The positive scenario is that significant funds are made available to Rafa in January – the manager brings in some good players, and we climb the table.
And then and Staveley and Ashley agree on a price in the summer.
That’s our best understanding of this “provisional” deal and what some ramifications are.
Somehow we don’t think Ashley will wait that long – but we’ve been wrong before.