The Telegraph (Luke Edwards) reported yesterday that Amanda Staveley has made no attempt to bid again for Newcastle since the beginning of December.
The stalemate continues after Ashley pulled the rug from under PCP Capital Partners in mid-January after saying nothing was happening; the Newcastle owner has even said he suspects Ms. Staveley doesn’t have the cash to buy Newcastle.
But there are going to be no new offers for Newcastle until we are safe from relegation and that could go down to the last game of the season unless we can find a way of taking our chances and winning some games.
And even Ashley’s side things are in flux with the owner waiting for the announcement of the new Premier League TV rights three-year deal to be announced this month and to start a next summer (2019).
Mike Ashley – will ask too much for Newcastle
If that amount goes up significantly from the previous £5.1B agreement Ashley will raise the price of Newcastle above what he’s asking for now – which seems to be somewhere between £300M and £350M.
We don’t think any buyer will come in with the price Mike Ashley wants for the club.
And only when Newcastle are safe in the Premier League or relegated will we see another bid, possibly from Ms. Staveley.
PCP Capital Partners may still be interested in buying Newcastle even if we are relegated but that’s dependent on Rafa staying at the club, which is unlikely.
One of the pieces of information in the report is that Ashley could be willing to sell for £300M upfront – with Staveley willing currently to pay £250M up front – if reports are to be believed.
Alan Shearer could be very close to the truth when he said yesterday he doesn’t think there will be any takeover.
And that’s whether the club is for sale or not.
You can have the club on the market for months or even years, but if nobody is willing to pay Ashley’s price then nothing will happen.
Certainly, nothing will happen with the potential takeover for some months.
And that could be good for the club so that Rafa and our players can concentrate on getting results in the league and being in the Premier League next season.