Rafa Talks About Takeover – It Will Not Go Through – Positive Transfer Talks With Ashley

Rafa has given his press conference and he revealed Mike Ashley told him two to three weeks ago that the attempted takeover by Amanda Staveley would not go through.

Rafa has also been positive on his talks with Mike Ashley and he said the current owner told him he would try to do something to get his targets into the club this month.

This is some of what Rafa has said during his press conference this afternoon:

“Now all these things are in the media.”

“Mike Ashley told me the takeover with PCP would not go through, that was two to three weeks ago.”

“But he told me we would work together to try to get players in the transfer window.”  “We have targets and we are trying to progress.”

“He has the names and targets and he told me he would try to do something. “

“We are looking to bring in anyone who is good enough to improve us, permanent or loan.” “It was positive.”

“My future is tomorrow against Manchester City, that is it. Football is football, but I am not thinking about that.”

The transfer business does seem to be picking up at Newcastle with several players heavily linked in the last few days.

Of course, there are only 12 days left in this window and Rafa must strengthen the side.

We have been linked today with a loan move for Everton winger Aaron Lennon and Rafa is trying to sign Sparta Prague goalkeeper Martin Dubravka for €6M on a permanent deal.

We need about four good players brought into the club before the end of the month, and then we’ll have a decent chance of staying in the Premier League for next season.

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Comments welcome.

18 comments so far

  • c-dog

    Jan 19, 2018 at 1:48 PM

    Comment #1

    Two or three weeks ago and still no transfers. What a joke. We have generated millions as a club. What is Thrashley doing with it.

  • magscar

    Jan 19, 2018 at 1:50 PM

    Comment #2

    Another straight batting performance from Rafa without having seen the clips. Staying up is only game in town seemingly.

  • Bambams

    Jan 19, 2018 at 1:51 PM

    Comment #3

    Must have been shown early….

    The worrying term used by Ashley that we are all used to now….

    “He told me he would try to get players in”

    I just hope this time he offers the right money and wages for the player(s) Rafa has earmarked.

    Deja vu…..

  • L Toon

    Jan 19, 2018 at 1:52 PM

    Comment #4

    Now we know that Mr tubbs reason for ending negotiations was a load of excrement, why were they ended? If he felt that he had to end negotiations why not simply issue a statement to mort to pass to stavelys people all very amicably. Simples. Instead he has allowed it to all get very messy, what did he expect? There was always going to be a problem with what fatty wants, what he can realisticly get, what pcp or anyone else values them at and what the club is worth right now. After thorough due dilligence would another interested party value it differently? I think stavelys offer is a representation of that, what the club is worth at this moment, not what its worth if were sat in mid table. Mark douglas has alluded to stavely taking soundings from people in rafa’s circle about whats needed to take the club forward as well. That too is reflected in the offer. What can Ashley possibly point to as to why the club is worth 350 mill? I think fatty thought when he put the club on the market he would have plenty of offers to drive up the price and now that’s not the case, hes asking for a price he clearly knows hes not going to get, hence the fabricated buyer story. Hes gambling on this new tv deal hoping that it will draw out anymore potential bidders. Whether it does or not we will soon see. If hes genuinely wanting to sell the club meet stavely in the middle of nowhere if needs be away from the public gaze and thrash out a deal..

  • magscar

    Jan 19, 2018 at 1:52 PM

    Comment #5

    Any mention of 20th? Was this made about the time Ashley told him deal off or before?

    Off now better half reckons I have totally used up any goodwill I might have had

  • L Toon

    Jan 19, 2018 at 1:54 PM

    Comment #6

    if he told rafa three weeks ago the takeover wasn’t going to go through why wait all this time to end negotiations and then so publicy as well?

  • Belfast

    Jan 19, 2018 at 1:56 PM

    Comment #7

    So people were right then. It seems he did know exactly what was going on. He knew it wasn’t happening, not the other way around lol

  • jimmysmith

    Jan 19, 2018 at 1:58 PM

    Comment #8

    You miss the point that AS isn’t desperate to buy. Ashley chose to sell the club. He was not convinced to sell the club, he wants to sell more than AS wants to buy. If his valuation was reasonable where are the other potential buyers queuing up.”

    I don’t miss the point Ronaldo. I simply disagree. I don’t think Ashley is willing to sell the club at a price substantially less than his own valuation.

    I don’t see why anyone would think he wants to sell more than Stavely wants to buy, and so will sell it for substantially less than he believes its worth.

    As I have said many times, it’s what the club is worth to him and whether others can approach it that will ultimately encourage him to sell.

  • c-dog

    Jan 19, 2018 at 1:58 PM

    Comment #9

    Slimani, although a gamble, would demonstrate ambition

  • Jimbothemag

    Jan 19, 2018 at 1:59 PM

    Comment #10


    Couple of points for anyone who is interested:

    Regarding valuation:

    Newcastle is valued as follows (based on rough values from the 2016 accounts):

    165m (Revenue + Net Assets) x 1.072 (Net Profit + Revenue / Revenue) x 0.957 (Stadium Utilisation %) / 0.59 (Wage to revenue ratio) = £286m

    The figures are derived as follows:

    Revenue £125m + Net Assets £35m ((Playing squad £115m + Land + Capital Assets £63m + Current Debtors £49m) – (Long + Short Term Liabilities £129m + Current Creditors £66.5m)) = £160m this is the Revenue plus Net assets figure.
    Net Profit 0.9m + Revenue 125m / Revenue = 1.072
    Stadium Utilisation = Average attendance 49,950 / 52,174
    Wage to turnover ratio of 59% which was widely publicised.

    Making some adjustments for relegation year which are assumptions based on my calculations:

    130m (Revenue + Net Assets) x 1.1 (Net Profit + Revenue / Revenue) x 0.975 (Stadium Utilisation % based on higher attendances) / 0.6 (Wage to revenue ratio) = £232m

    I am using the revenue figure of match day income £25m + Commercial Revenue £25m + Parachute Payments of £40m + £7.5 for winning the Championship + £0.7m for TV income. = £98.2m

    This is how football clubs are valued and I believe where the offer has come from splitting the difference between a year in the Championship and the previous year in the Premier League.

    This does not relate to Mike Ashley’s purchase price plus his converting the mortgage against the stadium into an interest free loan. This complicates the deal a lot as you would assume this would need to be cleared in order to make a clean break. This is probably where the £350-380m figure has come from as that would be enough to buy the club and clear the debt to Ashley as I can’t see him leaving £129m in as an interest free loan after he sells.

    Regarding potential transfer kitty:

    The club has already guaranteed itself £96,334,707 in TV revenue for 2017-18 with an estimated additional revenue of £25m for match days and £25m commercial revenue. I would also expect us to be on TV at least another 4 times this season which would mean an extra £4,689,572. This would make our turnover for this year £150m+.

    I would predict our expenditure to be around £95m (£75m wages and £20m other running costs based on previous years). As all of the money is received throughout the season I would estimate that we have about £25m to spend. The gamble is spending it and being lumbered with high earners.

  • Bambams

    Jan 19, 2018 at 1:59 PM

    Comment #11

    Rafa quotes…..

    When asked about the takeover
    and would it change his future at the club

    “My future is tomorrow at Man City”

    When asked about transfers

    “They have a list of players we need”
    “They all know what we need to do to stay in the premier league”

    I am frightened to think this is ultimatum time from Rafa.

  • Jib

    Jan 19, 2018 at 2:01 PM

    Comment #12

    I enjoyed that news conference
    (the clips SSN showed that is)
    Rafa looks completely chilled
    lots of smiles

    “Have you spoken to Ashley this week”


    “what did you talk about”

    “Mike has a list of names of players I want
    and he is going to try and get some of them”

  • lochinvar

    Jan 19, 2018 at 2:05 PM

    Comment #13

    Put the club up for auction with Sotherbys.
    World first ?
    Attract global interest and investors.
    Massive publicity for Newcastle and reluctantly Sports Direct.
    Reserve price of £275million.
    Bidding war with Amanda securing club for £339 million on behalf of PCP investors.
    Dancing on the streets reminiscence of VE Day.

    “And how would you like to pay Ms. Staveley ? ”
    “Amex will do nicely ”
    “Oh It’s cash. even better. ”
    Thank you and oh ” have a nice day”

  • lochinvar

    Jan 19, 2018 at 2:11 PM

    Comment #14

    “Mike Ashley told me the takeover with PCP would not go through, that was two to three weeks ago.”

    The words tactically omitted from this statement are ” would not go through…..before the end of this transfer window “

  • dig-n-dig22

    Jan 19, 2018 at 2:18 PM

    Comment #15

    JIB #140 previous thread
    Did they take their teeth out first?

  • JP...from The Rock

    Jan 19, 2018 at 2:18 PM

    Comment #16

    Rafa was told no takeover will happen 2-3 weeks ago but Rafa has yet to know his transfer budget!! What a shambles this club is. Thanks for nothing Ashley! We’ll be lucky to get one player on loan. Rafa don’t hold your breath waiting formr aby major signings let alone any improvement on our squad! You are being lied to again!!

  • magicmac54

    Jan 19, 2018 at 2:53 PM

    Comment #17

    No wonder we are the laughing stock with all other clubs, thats why they say January is transfer window at all other clubs, but at Newcastle United its just January. HWTL.

  • widowmagandapoke

    Jan 19, 2018 at 4:28 PM

    Comment #18

    Good article in today’s daily mail by Martin Samuel.


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