The Sun are reporting today the deal to sell Newcastle United to Amanda Staveley and her PCP Capital Partners is still in deadlock and is now in danger of completely collapsing.
We have heard very little in the last few weeks about the takeover as the two parties have been unable to agree on a selling price for the club, but the Sun reports they are still £50M apart on agreeing a price.
Mike Ashley is still refusing to sell for less than £300M, and he is currently out of the country on vacation, and it seems Amanda Staveley and her PCP Capital Partners group are unwilling to bid more than £250M.
So from what we can tell there’s nothing much new in the Sun report other than the talks may collapse – but that’s was always possible when a deadlock on price exists.
Staveley is worried about relegation, but that could quickly be alleviated in January if we can win our next three league games against Brighton, Stoke, and Swansea.
Mike Ashley – confident of new buyers?
The report says that Mike Ashley is confident he will get other offers, but he shouldn’t hold his breath.
With Newcastle fighting relegation and the reality being that we could become a Championship club next season for the third time since 2009 that will put a number of would-be buyers off.
The other thing now is whether Ms. Staveley will still be interested in funding some transfers next month for Newcastle, so we have a chance of surviving in the Premier League.
It wouldn’t seem so if this is accurate reporting by the Sun and the talks are close to collapsing.
If Newcastle don’t sign any new players by mid-January that probably is indicative there isn’t much money available from Mike Ashley – which is hardly new news.
He has given Rafa a net of £19M in transfer funds this year which is why we are now fighting relegation once again.
If he has any sense he will realize his investment in Newcastle is at great risk and therefore will give money to Rafa next month to improve the squad.
But you never know with Ashley – he seems to have no football brain.
If no sale happens it will be typical Mike Ashley, and he can then say he didn’t get the price he values Newcastle at and then he could even take the club off the market.
If that happens, it’s terrible news for the club – but we would also take this report with a pinch of salt.
But if Ashley is still the owner come the summer – we expect Rafa Benitez to leave Newcastle if another club comes in and pays the club compensation for breaking his contract.
What do you think?