Negotiations Continue On Potential Takeover – But Mike Ashley Must Sell The Club Next Year

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?

YES: 1.88%
NO: 96.11%
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.

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Comments welcome.

28 comments so far

  • bladeuser

    Dec 31, 2017 at 1:53 PM

    Comment #1

    Penalty to palace last minute

  • beermonkey

    Dec 31, 2017 at 1:55 PM

    Comment #2


  • Ibizatoon

    Dec 31, 2017 at 1:56 PM

    Comment #3

    I’ll join you on that Beermonkey!

    Happy New Year everyone!

  • jackostoon

    Dec 31, 2017 at 1:57 PM

    Comment #4

    Newcastle were embarrassing and defensive yet Crystal Palace are brave and valiant, sums up punditry, bullshit, the other bullshit, nearly 2% want Ashley to stay, rant over, happy New Year folks.

  • firebug666

    Dec 31, 2017 at 1:59 PM

    Comment #5

    Yeah, Happy New Year to all.

  • U.S Magpie

    Dec 31, 2017 at 2:02 PM

    Comment #6

    I have a weird feeling that the agreement to purchase the club is already in place, I’m thinking that they don’t want to let people know this due to the transfer window. If they say yes Newcastle have been sold then every transfer we go after will suddenly be millions more. Clubs will be like you really want this player you can afford it with the middle east backing you have. If however they wait until right at the end about a week or so to go in the window then Rafa could get the players he wants without paying over the top. Its smart really waiting and keeping other clubs guessing, if they think Mike is still in control then they 100% will not be upping transfer fees as they know he will not allow monies to be wasted.

  • Tsunki

    Dec 31, 2017 at 2:03 PM

    Comment #7

    Hibbit – it would always be a rash statement to know when a secret business arrangement would be concluded – many a slip twixt cup and lip – so really your pledge to leave the blog is as redundant as it is unnecessary.

    And to anyone paying heed to a viperous maggot like jimiley who rejoices in the prospect of a reasonable voice departing so it gives him more elbow room for his vile garbage, don’t. An evidently awful personality.

  • Charlie in the Gallowgate

    Dec 31, 2017 at 2:03 PM

    Comment #8

    Atsu – he was poor yesterday and I’m with you looks half the player without Manquilla behind him.
    He was playing like a left half yesterday because Dummett likes to defend but has not got the ability to pass like Manquilla or the nowse to get forward like Manquilla who links up excellently with Atsu giving him the freedom to attack.

    I like Manquilla going forward but his defending is poor – pity we could not clone Dummett and Manquilla ie Dumquilla or a Manmett.

    I tell you what I did like on Wednesday night was the FIVE at the back
    Three centre halves Dummett, Lascalles and Mbemba with Yedlin and Manquilla as fullbacks.

    As it allowed Yedlin and Manquilla to get forward and overlap without leaving us open at the back ast one of the three centre halves could move across to cover the full back if needed.

    Like to see it tried again

  • lesh

    Dec 31, 2017 at 2:05 PM

    Comment #9



    As time goes by, I can see the likes of Jimily and all members of Catchy’s motley crew leaving the blog – one way or another.

    You hang in Hibbit and you’ll see them out; I’m sure their myopic idiocy and bile will be welcomed by some other medium or media.

    Speaking of vitriol, I’m surprised to see Cap’n Catchy’s first mate, bladeuser, still posting.

  • ronaldo aarons

    Dec 31, 2017 at 2:06 PM

    Comment #10

    Huddersfield signing Terence kongolo from Monaco on loan 🙁 good signing that.

  • Lindisfarne

    Dec 31, 2017 at 2:08 PM

    Comment #11

    Although Rafa is the best thing to have happened to this club in a good long while, he has us playing shite and has for the whole of 2017. He has become wrapped up in his face saving excuses and whilst acknowledging the restrictions he is working under has only exacerbated the situation with his personal sense of injustice.

    Whilst he claims to be a coach that improves players, a large proportion of the players who mainly have alternative experience have been expelled and have further reduced our ability to offer anything different on the pitch. Along with undermining the confidence of some players at the expense of selecting others who are underperforming.

    Rafa has done many great things at the club which has motivated greater cohesion and enabled the fans to express their passion for the club. He has won the Championship, by default and regularly provided great performances. But when it goes wrong and is clearly due to the team being poor, his not my fault attitude is really infuriating and dishonest.

  • bettyswallocks

    Dec 31, 2017 at 2:08 PM

    Comment #12

    None of us can be happy having to watch the type of football currently being served up. Rafa must definitely shoulder some responsibility as nobody is beyond reproach and many of his decisions have been questionable to say the least.

    We are all aware that his requirements were not met in the summer and it seems clear now that the reason for the lack of spending was Ashley’s decision to sell the club.

    I think we should withhold judgement on Rafa until he has a more balanced squad at his disposal although we could have definitely been more adventurous tactically IMHO .

    If in the summer we had been offered a new owner with genuine ambition for the club and funds to back it up once the deal was in place, albeit with the condition attached that we wouldn’t be spending any money and would be playing just to stay up , then I for one would have accepted gratefully. Those that would have also accepted should consider this when booing the team and allowing their frustration to affect the team’s performance.

  • jimiley

    Dec 31, 2017 at 2:12 PM

    Comment #13

    I want you to stay . I value your integrity and footballing insight so much.

  • Jack Root

    Dec 31, 2017 at 2:13 PM

    Comment #14

    Current team is definitely not too good to go down. But every other team placed in the bottom half of league is the same. Despite tv money the PL has a number of poor mediocre teams. Yesterday’s game didn’t measure on an entertainment technique scale.
    It resembled two championship teams.

  • lochinvar

    Dec 31, 2017 at 2:13 PM

    Comment #15

    Shocking tactics from Palace to prevent City playing football.
    MOTD pundits will destroy them – won’t they ?

    I mean less shots than NUFC, crippling tackles on two fabulous City footballers, diving for a penalty , then missing it as they were told to do so. FA enquiry surely.

  • lesh

    Dec 31, 2017 at 2:14 PM

    Comment #16

    Daft thoughts time….

    One way of achieving a compromise giving Rafa a healthy pot this window could see Ashley and PCP sharing the risk by each chipping in a bit. If we stay up, Ashley gets his contribution back with a bonus (ie increasing the sale price nearer to the £300m he’s looking for) and if we go down, both parties take the hit and PCP’s contribution’s taking as part of a renegotiated, reduced sale price.

    I’m sure some of our finance wizards can pick holes in my probably flawed reasoning! Carry on, I shan’t take a huff!

  • Rotonda heights

    Dec 31, 2017 at 2:15 PM

    Comment #17

    Lovely moment there with Pep and Woy. A couple of real gents having a laugh and a smile together, as opposed to your scowling arrogant, blame everyone but yourself oafs like Mourinho and Allardyce. Nice to see.

    It’s funny as far as I could see CP had virtually the same game plan and only went for it in the last 5-10 mins, but wer the commentators’ darlings.

    As poor as our squad is and it really is very poor, the football we played yesterday looked borne out of fear and uncertainty and was as bad as anything seen under Allardyce, Sounness, Mclaren, Pardew, Carver etc. I really hope the takeover is here v soon as players, maybe somewhat understandably, don’t look focused and seem scared and worried.

    Priority for me now would be an experienced ”sweeper / keeper” as both the current 2 look petrified with the ball at their feet and just aim hopeful ”get it out of here” hoofs all day, rather than playing out from the back.

  • ronaldo aarons

    Dec 31, 2017 at 2:17 PM

    Comment #18

    Think there was an overreaction to the game yesterday. Should be winning these games but a draw was a fair result. Both teams poor and looked like they lacked quality where it mattered. Had we drawn v West Ham and win yesterday then the mood would be considerably better.

    Stoke game is the bigger match and is a must win, thought this before yesterday too. I worry because they’ll be fresher than us.

    Not sure why West Ham have had a break during this period as they have a game in hand???

    It’s obvious we need reinforcement in the attacking third. Started aarons and Murphy v man city, and Ritchie and atsu yesterday. None could say they had a good game although atsu has been good recently. We are just so desperate to bring in a couple strikers and a #10. Even another winger wouldn’t go amiss.

    Hayden has been poor recently and I would definitely consider Diame or saivet in his place. Think gayle the past few games has missed a couple chances where you think he’d be clinical enough to finish them. If we wanted chances to fall to anyone, it would be him.

  • lesh

    Dec 31, 2017 at 2:20 PM

    Comment #19


    The media’s line on Palace’ll be along the lines of plucky Palace stage brave fight against the odds, Citeh’s defence just too good too good…. Brave Roy took the fight to Citeh whereas……

  • Rotonda heights

    Dec 31, 2017 at 2:22 PM

    Comment #20


    ” He has won the Championship, by default” Say what !!! Villa and Boro had more money than us and I don’t see them coming back any time soon.


    You stay right where you are son. You aint going nowhere.

  • Shot Bru

    Dec 31, 2017 at 2:30 PM

    Comment #21

    Relax hibbit, you don’t have to leave the blog… all good mate… info on the takeover has been spot on.

  • Tsunki

    Dec 31, 2017 at 2:34 PM

    Comment #22

    I think a quality i would expect in a decent manager is one who gives you the straight dope on the situation and doesn’t smear it with sycophantic platitudes to retain his cushy job.

    We are dealing with professionals not school kids whose parents are going to come striding into the schoolyard with sobbing infant in tow to demand a fair play time.

    I think a big problem with the squad is that it’s dynamic is wrong. It got short dealt by Ashley in the summer, and instead of round pegs in all round holes we’ve still got a few squares and triangles, some of which are ironically supposedly the “better” players. Shelvey for instance sticks out as being a fish out of water in any shape because we don’t have the forwards and wingers who can bring down or run onto goal with his ranging delivery. He also cannot be adequately covered in midfield because we don’t have a commanding Defensive Mid. Merino different again but again suffers from a lack of protection and a like-minded quick-passing attacking midfield foil. When we get injuries, or the schedule calls for rotation, we are knacked because the delicate balance of what can be made to work is again upset.

    This is what Benitez is really short of, more so than quality perhaps.

  • DubaiMicky

    Dec 31, 2017 at 2:45 PM

    Comment #23

    Just heard from a mate at PCP that the deal is signed, I asked who is the money man, he said he couldn’t say, pushed him with a few names, he told me to fcuk off (in a nice way) and go get pissed. No announcement for a couple of weeks but it’s done.

  • beefman13

    Dec 31, 2017 at 2:46 PM

    Comment #24

    On the vapes now Ibiza me old son, SURELY!

  • DubaiMicky

    Dec 31, 2017 at 2:51 PM

    Comment #25

    PS, Happy New Year, I’m off to see my mate the yid fan and get royally pissed before we watch the Burj Al Arab fireworks from his rooftop while swigging on some decent fizz.

  • RUNAWAY777

    Dec 31, 2017 at 2:57 PM

    Comment #26

    DubaiMicky hope this is rite mate happy new year

  • RUNAWAY777

    Dec 31, 2017 at 2:59 PM

    Comment #27

    When ed says he better sell this year does he mean at 00.01 2018 pmsl

  • chuck

    Dec 31, 2017 at 10:43 PM

    Comment #28

    there are few present players that would be missed from this present side, i’m looking forward to a takeover where Rafa. has enough backing to bring in a completely new side. in over the next two or three years.
    This way we could have the side the Toon deserves, one that belongs in the top ten and has the ability to challenge for some silverware


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