Mike Ashley – No Proof Amanda Staveley Has The Money To Buy Newcastle

There’s a good report in the Mirror today that quotes that Mike Ashley’s (very) famous “source”, is telling the Mirror there is no proof that Amanda Staveley has the funds to buy Newcastle.

Mike Ashley says that yes – it’s all good reading what she talks about – but he has so far seen no proof that the PCP Capital Partners CEO has the hard cash necessary to buy Newcastle United.

If’ that’s the case then Amanda Staveley should deposit funds in escrow to prove to the Newcastle owner she is serious about the acquisition and indeed has the cash backing to buy the famous Tyneside club.

As we recall she said she would do that earlier last week.

Hi Mike – this is Amanda again – about that acquisition…..

This is what a source close to Ashley has said in the Mirror:

“Mike feels that Amanda Staveley, who he has no problem with as an individual, has played out the attempt to take over the club in public.”

“Most deals he has been involved in have been struck behind closed doors with the announcement arriving after they’re concluded.”

“He has seen all the promises of future investment in the club from her and he knows it makes good reading.”

“But quite simply he hasn’t seen proof that the money is in place and has effectively pulled the plug until that situation changes.”

The mergers and acquisitions I was involved in during my time at IBM were always super-secret.

Non-disclosures were signed since we told the company where we are headed with our new products and how the company we wanted to buy would fit into that overall strategy.

And you couldn’t say a peep to anybody.

It was all done secretly and we would meet with the takeover target in some remote city so nobody would be aware of what was happening.

That seems to be the way Mike Ashley has done his takeover business and there have been a number of acquisitions with his Sports Direct company.

It’s also good he has no problem with Amanda as an individual – and that he has (only) pulled the plug until that situation changes.

Maybe he will still sell to her.

Hope so.

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Comments welcome.

35 comments so far

  • hibbit

    Jan 21, 2018 at 9:55 AM

    Comment #1

    so now we believe everything Ashley says through close source in the Mirror !!

  • Jib

    Jan 21, 2018 at 9:55 AM

    Comment #2

    Put up
    Shut up

    Fair comment

  • Lilongwe Geordie

    Jan 21, 2018 at 10:02 AM

    Comment #3

    Lilongwe Geordie

    Jan 21, 2018 at 10:00 AM

    Comment #29
    I was really happy with the Murphy signing, to me it was our best piece of business.

    On the squad, surely by the fact we won the Championship and got promoted it would suggest we aren’t a Championship side? Yes, a lot of our starting 11 played for us in the Championship last season. At the same time, in the season or 2 seasons before all except Murphy were playing in the top flights in Europe, including the Prem, with some playing internationally, so did we not really have a Prem side in the Championship?

  • the ledge

    Jan 21, 2018 at 10:02 AM

    Comment #4

    There is nothing fair about Ashley,the way he treated the sports direct employees shows that a great business man but scum of the earth!

  • STB

    Jan 21, 2018 at 10:06 AM

    Comment #5

    A lot of people remain surprised by rafa’s apparent serenity on the lack of transfer activity.
    Either he believes that the fat oaf will keep to his word – he has had several windows and conversations that must massively reassure him ! -or he already has a back up plan for Summer. Like footballers, I’m sure his agents know which jobs are available ( arsenal or others )and will already have had discussions.
    When you know you are covered with either a takeover and the right level of investment happening or moving to a club capable of competing at the top of the table why would you be concerned about the transfers? He will do his damn best to keep us up with what he is given. He does and it is a near miracle;he doesn’t we know where to look for culpable parties.
    He would have little criticism if he leaves, apart from the usual trolls. His reputation is in tact. The risk he took was getting us straight back up. Going down with almost same squad wouldn’t blot his copybook.
    Let’s hope he manages to squeeze enough out omof Ashley to buy a few quality players and that the 300m or so is forthcoming so we can look forward with a bit of hope and a future without Ashley.

  • Lindisfarne

    Jan 21, 2018 at 10:06 AM

    Comment #6
  • Jail for Ashley

    Jan 21, 2018 at 10:06 AM

    Comment #7

    So if he doesn’t think she’s got the money, why did he let the talks drag on for so long.
    Also, if she really did take him by surprise in that curry shop, he must be very easy to assassinate.

  • Bambams

    Jan 21, 2018 at 10:07 AM

    Comment #8

    Didn’t Ashley state two other parties have offered £350 million?

    Ashley cannot be trusted about anything in my opinion

  • Lilongwe Geordie

    Jan 21, 2018 at 10:07 AM

    Comment #9

    Both parties are using the media to play out this takeover for their own purposes. Both are trying to manipulate fans by releasing information or making statements to discredit the others position in the takeover. The likelihood is neither party is telling the truth and really giving us the full picture. There are no winners as long as they continue this in public, it is only likely to make the two parties even more distant and opposed. If either had the club and fans at heart, then they would keep quiet, and try resolve differences away from the public eye.

  • jarra mick

    Jan 21, 2018 at 10:08 AM

    Comment #10

    The only manager in the league who constantly makes excuses about his squad strength is Rafa, the other managers at the bottom such as Hughton and Wagner just get on with it. Rafa doesn’t like that the tactics he has used his whole career don’t work without a top striker such as a Torres and he has no plan B

  • Jib

    Jan 21, 2018 at 10:09 AM

    Comment #11

    Welcome back Lilo

  • Lindisfarne

    Jan 21, 2018 at 10:10 AM

    Comment #12

    George Caulkin did not mention the wallpaper in Amandas’ apartment.

  • Jail for Ashley

    Jan 21, 2018 at 10:18 AM

    Comment #13

    Jarra mick,
    Who would you like to see him replaced with.

  • Jail for Ashley

    Jan 21, 2018 at 10:20 AM

    Comment #14

    If Ashley had of backed Rafa as promised he wouldn’t be able to complain about the squads quality.

  • Jib

    Jan 21, 2018 at 10:20 AM

    Comment #15

    Jarra Mick
    We know what you are
    You said in the previous articles comments
    that yesterday was a shocking watch.

    Bit of a giveaway that

    You feeling your weight cos your team
    beat Hull at home 1 – 0

  • jarra mick

    Jan 21, 2018 at 10:21 AM

    Comment #16

    Eddie Howe would be a perfect replacement

  • Lindisfarne

    Jan 21, 2018 at 10:26 AM

    Comment #17

    Watching how Rondon plays makes me wonder why Mitrovic can not pull his socks up and match him. He must be so very averse to listening to Rafa instructions and is consquently missing out on games.

  • dig-n-dig22

    Jan 21, 2018 at 10:28 AM

    Comment #18

    Let’s hope Ashley doesn’t have to go cap in hand to the Staveley group come the end of May, or maybe let’s not.

  • Lilongwe Geordie

    Jan 21, 2018 at 10:29 AM

    Comment #19


    Is that not the same as Pardew’s situation here? Neither were backed by Ashley, but Rafa gets sympathy, Pardew got abuse. Do you think the recent performances and results are the best possible with what we have, or could selection and being more flexible tactically see us performing better. After Saivet performed well against West Ham, why has he once again been sidelined? Will Rafa give Mitro a run of games if we don’t get a striker in, given all others have failed to prove up to it.

    For me, our performances and use of what Rafa has in the squad lets us down as well. Yes, we would be better off if Ashley had given Rafa greater backing in the Summer, or got a couple through the door already, but he isn’t totally infallible, and should be open to reviewing his setups given the results of the past couple of months.

  • Offkey

    Jan 21, 2018 at 10:32 AM

    Comment #20

    AS stated she had to prove funds at start of process to be allowed to enter discussions.

  • Singinginthecorner

    Jan 21, 2018 at 10:33 AM

    Comment #21

    jarra mick

    I believe everyone is entitled to their opinion but finishing with 11 players in the match yesterday that started in the championship proves we don’t have the strength when we did go forward city hit us the break with their quick passing and would of scored but from a stray leg.

    Explain to me how Eddie how would of made a difference yesterday ??????

  • Reilly

    Jan 21, 2018 at 10:35 AM

    Comment #22

    marco silva sacked.wow

  • Lilongwe Geordie

    Jan 21, 2018 at 10:37 AM

    Comment #23

    It’s a strange one. Mitro has been doing wel for his country, and when he has had a chance this season has hardly let us down, or being worse than the other players to play up front. There have been a number f his former players who have felt badly and unfairly treated by him, without knowing for certain, I’d say that Rafa has favourites, and if you aren’t on that list, then it doesn’t matter how good you are, you will be marginalised to an extent.

  • Rotonda heights

    Jan 21, 2018 at 10:38 AM

    Comment #24

    Jarra Mick

    Could I just ask you to conside this.

    In the last 10 matches Rafa has veered between 4-4-1-1, 4-3-3, 4-4-2 and 3-5-2, so you’ll agree, hardly an absense of a plan B.

    I don’t think many triple European trophy winning managers achieve that without having a plan B, C, D and E, although you’d have to ask pardew, Allardyce, Moyes and Hughes about that.

    Huddersfield, Brighton and Bournemouth have far outspent us and Burnley have a deal of PL experience. I think Rafa has every right to be frustrated when he’s been repeatedly lied to and been led up the garden path by Ashley and being kept in constant limbo having to operate against the uncertainty regarding a possible sale. Expectations and pressure are far greater at NUFC than those other clubs mentioned.

  • OneAlanShearer

    Jan 21, 2018 at 10:39 AM

    Comment #25

    Hibbit – I don’t believe it I just hope rafa will be backed. Anything other than that and we will see championship football next season. A striker or 2 is essential.

  • Jail for Ashley

    Jan 21, 2018 at 10:40 AM

    Comment #26

    He might have got more sympathy had he not dedicated wins to Mikey after being hung out to dry, told us how much Mike cares about the club and informed us that we can’t compete with Swansea and Southampton..

  • jimmysmith

    Jan 21, 2018 at 10:40 AM

    Comment #27

    I think we’ll finish 14th with this group, and anywhere up to 10th or even 9th should Ash splash the cash, as has been mooted. Did something similar in that January window when we were last competing in the Europa League and in trouble in the league when we brought in Sissoko, Haidara, Gouffran, Mbiwa and Debuchy. This time two years ago we brought in Townsend and Shelvey. The collapse of the Staveley deal makes a couple of big recruits even more probable.

  • Rotonda heights

    Jan 21, 2018 at 10:41 AM

    Comment #28


    i think if you don’t subscribe to rafa’s work ethics etc you’re out. the eye rolling when miitro’s asked to do something isn’t great to see.

  • Lilongwe Geordie

    Jan 21, 2018 at 10:46 AM

    Comment #29

    Yeah, true, but the situation is still the same. Rafa is as good as we can get at the moment, but it doesn’t mean he gets everything right.

  • Lilongwe Geordie

    Jan 21, 2018 at 10:52 AM

    Comment #30

    Out? Out of what?

    Work ethic is great, if you go back through many of my posts over the years I have often criticised luxury players who have moments of genius, but most of the time detract from the team. The difference here is that Mitro wouldn’t detract from the team. Last year, despite not playing a huge amount of games, he allowed other players to playy higher up the pitch and because of that enabled others to cause more problems. He is a better goalscorer than Joselu, and more capable of bringing others into the game than Gayle. He isn’t going to chase and harass defenders as much as Joselu, but Joselu doing that has often led to him being way out of position when we regain position leaving us with no forward ball to relieve pressure.

  • Lindisfarne

    Jan 21, 2018 at 10:53 AM

    Comment #31

    i can predict that Rafa will play the same formation against Chelsea in the Cup game, but how many players can be replaced to save them for the home game on Wednesday?

    Potential players to come in:

    Rafa can basically swap the front six players but the defence is a lot more difficult to rotate, I suppose it depends on who is penciled into play against Burnley. Rafa will want to use Yedlin for his pace, definitely Lascelles and Dummett. But one of the CB will have to be used along side Clarke and Hayden on Saturday.

  • dig-n-dig22

    Jan 21, 2018 at 10:54 AM

    Comment #32

    Jarra Mick #10
    jib, or maybe it’s because he can’t spell jibe has again sounded the “MACKEM” alarm. this is a result of you daring to speak your mind.

  • sickandtired

    Jan 21, 2018 at 11:29 AM

    Comment #33

    @Lilongwe – the illustrious list of players signed or loaned under Pardew. Decide how many you all believe to be PL quality – or a simple illustration of the owners desire to buy potential for profit. The majority being abject failures along with P45 who managed to screw up managing the few real talents on that list..

    Hall (Fitz)
    L de Jong
    S de Jong
    Ben Arfa

  • babeandbp

    Jan 21, 2018 at 12:37 PM

    Comment #34

    To be fair, I don’t recall Mandy Staveley issuing anything to the press until Cashley (reportedly) spouted that she’d been wasting his time. As someone has already rightly said though, its time to either put up or shut up. The fat lad ain’t gonna bend.

  • lesh

    Jan 21, 2018 at 2:06 PM

    Comment #35

    Ashley feels he needs to be convinced that PCP have the cash?
    If it does have access to sufficient funds to buy the club, then she needs to lodge £350m in escrow – but with the proviso that the amount lodged is kept from Ashley.

    Could PCP put lodge £350m from funds it has at its disposal (is in the bank) or would it need to ask the investors who are involved in the NUFC takeover project to stump up?

    Anyone got any insight on how such requests (like Ashley’s) are handled?

    But and more to the point, Ashley’s supposedly unhappy about AS using the media to play out negotiations yet he, through his source, appears to be using it to get messages to AS. I wonder whether he’s heard of the telephone being a way to contact her direct?


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