There was news yesterday that Amanda Staveley has registered a new company in London and the thinking is that it could be a holding company should she be successful in buying Newcastle United.
If this is true, then it could be that the deal is a lot closer to being finalized than most people think.
When Mike Ashley acquired Newcastle in late May of 2007, he created St. James’ Holdings Limited and that company purchased shares of Newcastle United from both Sir John Hall and Freddy Shepherd.
It became the holding company for Newcastle United FC.
Amanda Staveley – registers new company based in London
The same thing could be happening with Staveley’s new company called “Cantervale Limited” and is located on Park Avenue in London – at the same address as PCP Capital Partners.
Here’s some information on the new company.
Company number 11128634
Registered office address: Mezzanine Apartment, 130 Park Lane, London, United Kingdom, W1K 7AE
Company status: Active
Company type: Private Limited Company
Incorporated on 2 January 2018
Accounts: First accounts made up to 31 January 2019 due by 2 October 2019
First statement date 1 January 2019 due by 15 January 2019
Nature of business (SIC)
64999 – Financial intermediation not elsewhere classified
Officer – Staveley, Amanda Louis
A SIC code (Standard Industrial Classification code) is the nature of the business for a company – and Cantervale Limited is registered under 64999 – a financial intermediary company.
These are the types of things that need to be done when a company is being acquired.
We can only hope it is all linked with Ms. Staveley buying Newcastle United and indeed, the negotiations with Mike Ashley have gone on far too long.
There is very little information being released about what’s happening with the takeover but that doesn’t mean progress isn’t being made behind the scenes.
We hope that doesn’t mean progress isn’t being made behind the scenes.
But also we don’t think there’s any way back for Mike Ashley – he has to sell the club.
What do you think?