Things Strangely Silent On The Takeover Front – But Rafa Still Upbeat


If Newcastle are going to be sold in the summer, we would have thought there would be interest in buying the club from some parties – after we are now safe in the Premier League.

But whereas Mike Ashley was reported to be willing to take a cash payment of £300M from Amanda Staveley’s PCP Capital Partners Group in late December, the price will have gone up.

With Newcastle likely to be a top ten club at the end of the season – if we can get back to somewhere near our best form in the final 3 games – the price will have definitely gone up.

The Mirror reported the price Mike Ashley will now ask for the club is closer to £400M and if would-be buyers hesitated at £300M that could be even more misgivings at £400M.

Mike Ashley – expected to support Rafa Benitez in the summer

But in December some complications that existed have been cleared up.

Newcastle are safe in the Premier League and Rafa Benitez has made enough comments to inform would-be buyers he is willing to stay at Newcastle if owners match his ambitions for the club.

But as we have said before, it could be that Mike Ashley sees Newcastle as a successful club over the next year or two under Rafa Benitez and will be unwilling to sell this summer for anything less than £400M.

We will have to see what happens with the negotiations Lee Charnley is having with Rafa’s representatives, but in the short-term, the number one priority is to sign Rafa to a longer deal.

If Ashley wants the price of the club to go up, he should also be giving Rafa ample transfer funds this summer to spend – and he is likely to do that.

Given what Rafa has had to put up with for the last 18 months at Newcastle, things should be a lot easier now – and he will be backed in the transfer window.

The question is whether he will sign a new contract with Ashley still the owner.

But there is a distinct possibility he will.

Rafa knows he and the players have done excellently this season with little or no backing from the owner.

And things can only improve now with Newcastle back in the big money of the Premier League.

Mike Ashley should be willing to increase the price of Newcastle United by backing his manager fully this summer.

What do you think?

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7 comments so far

  • ArtyH

    Apr 30, 2018 at 9:32 AM

    Comment #1

    Smoke and mirrors again, misdirection by the master of B.S. The club was never ever up for sale! Why would the FCB even think of killing the golden goose when he has 52k at the ground every week, he fools them ALL! Nothing will change while he is owner of this club! Frustration/apathy reign now and it is destined to stay for at least another season until Rafa calls it a day.

    5
  • dig-n-dig22

    Apr 30, 2018 at 10:32 AM

    Comment #2

    Although I hate to see Ashley making money, I think we are now a good investment at £400 Mill providing Rafa can be tied to a long term contract under new management. We are now starting to bear fruit under Rafa’s leadership. He is getting much more from his players on the pitch now and with the purchase of maybe four more quality players we could be slugging it out next season with the top six for Champions League place , plus guaranteed 52.000+ every home game, we are great potential now.

    2
  • DutchontheToon

    Apr 30, 2018 at 11:55 AM

    Comment #3

    Rafa is upbeat and has to be. He knows Cashley will not sell and is about to test him out again with support. He may regret this though. I think Amanda is now off the Radar for financial reasons. Best thing Rafa can do is hang in there until the summer window is over. All will be revealed by then and decisions can be taken, including contracts

    0
  • mactoon

    Apr 30, 2018 at 12:25 PM

    Comment #4

    According to Amanda Staveley’s last interview her offer of £250 million is still on the table and she told Ashley to get back in touch if he wanted to talk further. This was at a time when Ashley was reportedly willing to accept £300 million without any clauses and a spokesman stated ‘the club were not considering any further talks with PCP and were not aware of any bid that doesn’t contain relegation clauses’. This would indicate Staveley’s bid contained relegation clauses which are no longer relevant. Therefore that bid was, and still is dead in the water.

    Moving to the current situation it appears Ashley is now wanting closer to £400 million (as reported by Sky Sports) because the club is now safe and has a guaranteed 3 year TV money coming in while in the Premiership.

    I am assuming the Sky Sports article was a subtle invitation to any potential buyers to come up with his asking price but for any deal to take place this summer would need to be completed before 9th August in order for any new owners to compete in the transfer market. Not going to happen in my opinion as he seems to have priced the club out of the market. It remains to be seen whether Staveley comes in with an improved offer but seeing as her reported backers the Reuben brothers have distanced themselves from any sale you need to ask where would the funds come from?

    Therefore the best we can currently hope for is for Rafa to stay. I only think this will happen if Ashley agrees to back Rafa in the transfer window, I doubt this will happen but the fact that Rafa hasn’t yet signed a new contract gives him an advantage. He could agree to sign after Ashley has backed him or threaten to walk away once the window has closed if he doesn’t get the players he wants.

    In short, I doubt Ashley is in a hurry to sell as the TV money gives him a club that advertises his SD company free without the need for him to subsidise it from his own pocket. The only risk he has is losing Rafa and he has been taking that risk for 3 years now, I don’t see it changing any time soon.

    1
  • lesh

    Apr 30, 2018 at 2:52 PM

    Comment #5

    mactoon

    Surely the media were reporting PCP’s bids as being £300m with relegation clause then £250m no strings attached. The £250m God’s surely the one on the table with the invitation to Ashley to get back if he wanted to talk further.

    As far as the Sky reports saying that there was no unconditional bid tabled, that could be Bishop clouding the issue by discrediting claims made by one party – as negotiators sometimes do.

    Ashley’s unlikely to make a direct approach to PCP to say he’s ready to talk as he’d see that as weakening his negotiating position. The same could apply to PCP.

    However, Ashley’s recent Sky delivered utterance that he’s looking for £400m, could be interpreted as a message to PCP inviting an improved offer. As far as we know, things may be quietly moving along in the background with Ashley and PCP’s reps having re-established dialogue.

    We can but wait and hope

    0
  • mactoon

    Apr 30, 2018 at 3:41 PM

    Comment #6

    You could be right. Having looked further at the interview, apparently the 3 bids were:

    1. £300million was lodged on November 2, which would have seen £200m paid on completion of the takeover, then two further instalments of £50m on July 1, 2018, and July 1, 2019. This offer also contained penalty clauses in the event of a potential fine in the future as a result of the on-going HMRC investigation at United – and the further two instalments would have been withheld should Newcastle have been relegated this season.

    2. £350m was then reportedly launched on November 10: £150m on completion, then three further payments of £50m made on January 1 for three years in succession from 2020. This offer also contained a performance-related clause where up to a further £50m would be paid, for example if United qualified for the Champions League. It also contained penalty clauses in the event of relegation and the HMRC fine too.

    3. launched on November 17, worth £250m – payable in full, with no clauses.

    It will be the last one that is still on the table, I was taking Ashley’s statement as gospel when he said there was no unconditional bid on the table whereas Staveley says there is.

    0
  • nufc 11

    May 2, 2018 at 12:31 AM

    Comment #7

    The club is only worth what somone is will to pay and with all the money that’s in the game nufc aren’t beating away the buyers.

    0

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