This is really bad news if it is true – the Mail and Mirror (and other papers) are reporting that Newcastle owner Mike Ashley has walked away from takeover talks with Amanda Staveley.
Ashley and Amanda Staveley have been negotiating for almost four months, but Ashley has refused the offers Amanda has made to buy Newcastle.
This was always possible and in spite of Ashley saying he wanted to sell Newcastle he has continued to drag his feet for the last several weeks.
Ashley initially said he wanted to sell the club by Christmas but then rejected the offers that were made by Ms. Staveley’s PCP Capital Partners group.
And this will probably mean that Rafa Benitez will leave Newcastle at the end of this season, if not before, since he will not work for a man who doesn’t keep his word.
You cannot really blame Rafa for that.
If this news is true it’s the end of the dream for Newcastle fans that Rafa Benitez could take us back to greatness.
We cannot take any more of Mike Ashley – he hasn’t got a clue.
Mike Ashley – walks away from potential Staveley deal
He’s proved that for almost eleven years as the error-prone owner of Newcastle.
A statement put out by Sky Sports from a source close to Ashley read as follows:
“It is only right to let the fans know that there is no deal on the table – or even under discussion – with Amanda Staveley and PCP.”
“Attempts to reach a deal with Amanda Staveley and PCP have proved exhausting, frustrating and a complete waste of time.”
The potentially good news is that the Mail is reporting investment could come from a second interested party in the Middle East, but no formal bid has yet been made by them.
However, it’s believed this second (phantom) group can meet Mike Ashley’s asking price – which is possibly £350M.
Maybe Ashley could even have called off negotiations with Staveley because this second group has made an offer he has accepted – but we doubt that is true.
We wouldn’t be surprised if Ashley announces (before the end of the season) for the third time that after trying to sell the club he’s decided to stay on as the owner of Newcastle United.
What happens then – after Rafa Benitez says he will not stay?
At this time – things don’t look good for the club.