There was an article in the Sun recently that said the Newcastle takeover talks with Ms. Staveley were close to collapsing.
The news was that there was an impasse on the price and the two parties couldn’t agree – Amanda Staveley essentially offering £250M up front with clauses (one relating to possible relegation) and Mike Ashley wanting £300M.
Almost immediately there was a response from the Chronicle saying the negotiations were in fact continuing – but notice both reports were saying the same thing.
The Sun report didn’t say the talks had collapsed only that they were in danger of collapsing because this impasse has been going on for weeks now.
There’s another report in the Chronicle today saying negotiations continue with Amanda Staveley and her Middle-East investors still being keen on buying Newcastle.
We wonder if Newcastle do get relegated in May whether they would still buy the club for say £150M, try to keep Rafa in place, and then spend some money this summer in trying to build a team that can get us straight back up again from the Championship.
We don’t want another relegation (give our fans a break!) because it essentially put us back two years and it would be so much easier if we can avoid relegation this season, which we failed to do two years ago.
It (would be) deja vu all over again – to quote former Yankees catcher Yogi Berra.
The Chronicle is reporting both sides have told them the negotiations are still taking place – so that’s good news.
The lawyers from both sides are said in deep negotiations, and we can only hope they can reach some agreement soon.
And there’s just no way Mike Ashley can stay on as the owner of Newcastle United – because his popularity is at an all-time low with Newcastle fans.
Here’s one of the questions and answer in the recent Big Toon survey conducted by the Chronicle:
Do you want Mike Ashley to stay as Newcastle United owner?
NOT SURE: 2.01%
So about 19 people in 1,000 want Ashley to stay on as owner – we don’t think he’ll be doing that.
PCP Capital Partners were hoping to be in control of things now so they could influence the transfer market next month,
And it remains to be seen how much – if anything – they will be willing to loan the club to bring in new players in January.
A loan deal could still be struck between PCP Capital Partners and Newcastle United, even though there is no structured agreement in place to buy the club.
It seems the best Rafa can do is loan deals next month with not much money expected from Ashley.
That’s even though a large part of his investment in Newcastle could be lost and the club, if relegated, will be worth £150M or less.
Mike Ashley has invested around £263M in total in the club. – so he is not in a strong negotiating position.
But Ashley has brought this on himself and even when he’s finally willing to sell the club, he still puts Newcastle in jeopardy of being relegated once again.
That’s all we know – that’s the latest update on the takeover – but there’s not much new news here.
We just have to hope an agreement can be reached very quickly and we can still save ourselves from another relegation.