The Chronicle has a piece out today on what’s happening on the takeover and compared to the last three months of last year it’s not much.
Amanda Staveley’s PCP Capital Partners Group are still interested in buying Newcastle, and it could be that once Newcastle are safe in the Premier League, she will return with an improved offer.
And then if the disaster scenario happens and we are relegated once again she still wants to buy Newcastle.
Mike Ashley – his price could go up
But only if Rafa Benitez will stay at the club for another season in England’s second division, and we don’t think that will happen.
The only positive we can see with Staveley is that we would expect another bid if and when Newcastle stay in the Premier League.
Hopefully, we can go on a win streak, and that will be sooner rather than later – that’s when the takeover could get interesting again.
And the Chronicle are reporting about that second bidder who is still some weeks away from putting a bid together that will match Mike Ashley’s valuation.
But they will not want to buy Newcastle until we are safe in the Premier League.
The valuation by Ashley of Newcastle could rise if the new three-year Premier League TV rights deal itself rises significantly above the 5.1B deal.
That’s what it’s been for the last 18 months and runs out next summer in 2019; the new deal for three years will be announced sometime in February.
There’s been very little information about that second bidder.
The other thing that can happen is for the third time Mike Ashley will take the club off the market saying that he couldn’t get his price for the club.
While the vast majority of people think Ashley will definitely sell the club – we are not so sure – based on past history.
What do you think?