It’s now apparent that Mike Ashley did not like the way the potential takeover was handled by Amanda Staveley and her PCP Capital Partners Group.
And it seemed the news from two of Richard Desmond’s papers yesterday – the Express and the Star – that a new bid over £300M had been offered for Newcastle – was too much for the Newcastle owner.
Staveley’s group have said they put in one offer in November, but that had all the clauses of relegation and the like in it – which Ashley did not consider a proper bid and grossly under-valued the club.
Mergers and acquisitions are supposed to be conducted in silence because of the non-disclosure agreements both sides must sign.
Ashley will not accept complicated bids which have complicated clauses in them.
Rafa Benitez – seems like a long time ago
And Ashley will only entertain offers for Newcastle more than £300M.
So that being the case there will likely be no offers for Newcastle from any group until Newcastle are safe in the Premier League.
There may be an offer that states it is only valid if Newcastle are still a Premier League side by May, so the deal is hardly likely to close before May.
That’s unless Newcastle go on a good winning run and are able to get the six wins we need to be safe.
But we only have 9 league games to play through the end of March.
Ashley will insist on groups agreeing to privacy and not leak information to the media – and there’s nothing wrong with the owner wanting that.
If we maintain our Premier League status hopefully Ashley will sell and Rafa will agree to stay at the club under the new owners.
If Ashley doesn’t sell, we think Rafa will leave the club this summer, even though Newcastle remain a PL club.
If we are relegated, it wouldn’t be a big surprise if Staveley still tries to buy Newcastle for say £150M, but she will only do that if Rafa Benitez agrees to stay at Newcastle.
That will be very hard for Rafa to do, after what he’s been through at Newcastle and he’s already spent one year down below with the Magpies.
If Newcastle are relegated, and Ashley remains the owner, then Rafa will leave the club in the summer.
What do you think about this?