It Would Be Surprising If Staveley Bids Again For Newcastle


We hear that Mike Ashley still has the club up for sale for £300M if any billionaire or consortia are willing to pay that for the club

With revenues of  £178.5M through the last financial year   (July 1st, 2017 – June 30, 2018) that’s the highest revenues, we have ever had, and about 71% of that (£126.5M) came from the Premier League for finishing 10th.

The other two revenue sources are matchday receipts and commercial.

Commercial revenue at the club has hardly increased in the time Mike Ashley has been at the club and while other PL club have commercial revenues in the hundreds of millions – ours is at only £28.2M – pathetic.

And even though Ashley still says he wants to sell the club, we would be very surprised if Amanda Staveley and her PCP Capital Partners Group put in another bid.

Recently there was a report from Dubai that she was still interested in Newcastle, but she was when Ashley broke off negotiations with her just over a year ago, becasue she was wasting his time.

We had a long soap opera from October of 2017 through January of last year with Staveley trying to buy the club, with the emphasis on trying.

If she really wants to buy Newcastle she should could up the money.

The last thing fans want is another long drawn out saga that ends with nothing.

The club will be sold when somebody comes in and wants to buy the club, and the deal will be done silently and quickly.

Here’s hoping that happens before the summer.

What do you think?

Comments welcome.

 


102 comments so far

  • RobLeenio

    Feb 15, 2019 at 2:50 PM

    Comment #1

    “The last thing fans want is another long drawn out saga that ends with nothing.

    The club will be sold when somebody comes in and wants to buy the club, and the deal will be done silently and quickly”

    I can feel your pain and frustration Ed.

    Sadly, the club will only be sold when Ashley wants to sell it, not before.

    7
  • Optimistic Magpie

    Feb 15, 2019 at 2:55 PM

    Comment #2

    This soap opera, when the club is safe then no excuses. Either your looking for paper time or you’re 100% legit.

    Newcastle avoid relegation purchase the club it’s that fcuking simple, either purchase or stop using the club as a publicity stunt, time again will tell.

    2
  • hibbit

    Feb 15, 2019 at 2:58 PM

    Comment #3

    people just need to step back for a minute and think???
    what if it’s not about the money on the buyers side, what if its what they found in the forensic due diligence that’s dictating the size of the bids, we all know how he screwed Rangers without ever owning them, just imagine the damage he could have done to us in 11 years as sole owner !!!!

    9
  • Mo Drysdale

    Feb 15, 2019 at 3:03 PM

    Comment #4

    Dúbravka
    Schar Lascelles Lejeune
    Yedlin Longstaff Barreca
    Ki Shelvey
    Almiron
    Rondon

    Not a bad Team

    Not a bad Bench:

    Fernandez
    Muto
    Perez
    Ritchie
    Kenedy
    Dummet
    Darlow

    2
  • GeordieinOhio

    Feb 15, 2019 at 3:11 PM

    Comment #5

    Good Morning all!…

    Habbit… I totally agree with you, we have no idea how bad the books have been cooked, and seeing how much of a horrible C@NT fatboy is, hes trying to pull a fast one on better business people than himself ….all because HE never did a good due diligence

    2
  • GeordieinOhio

    Feb 15, 2019 at 3:13 PM

    Comment #6

    Sorry Hibbit…have not had enough coffee this am….plus worse news ran out of hob nobs.

    2
  • RobLeenio

    Feb 15, 2019 at 3:21 PM

    Comment #7

    I have a feeling that most people have considered the ramifications of Ashley’s grubby little fingers pawing away at the club assets for over a decade. It’s the hope that a sufficiently skilled negotiator backed by a sufficiently skilled team of forensic accountants can unpick his knots that keep us all going.

    Surely, while I’m sure he’s very devious and clever, he can’t have done anything that hasn’t been done before. NUFC may be a big thing to us, but it’s hardly BP, Sky or Virgin is it? How complicated can it be?

    4
  • hibbit

    Feb 15, 2019 at 3:31 PM

    Comment #8

    RobLeenio
    fair comment from a layman and very easy to say when its not your money,
    but if the buyer (any buyer) doesn’t think there’s value there or its overpriced due to the terms and conditions they wont match his asking price , which to date no on has !!!

    6
  • RobLeenio

    Feb 15, 2019 at 3:33 PM

    Comment #9

    Munster your Northumberland trip sounds like a great idea. Base yourself around Morpeth for easy access to the coast and some of the nicer places to visit inland too.

    It’s only 30 minutes from Toon. You should be able to sort out a stadium tour and tickets are available for most matches too. I don’t think it’s sold out yet this season but may be wrong.

    0
  • Mister Tuff

    Feb 15, 2019 at 3:38 PM

    Comment #10

    What’s happened to Ken Lin of Newcastle Ventures Limited?

    We’ve been told on here as a result of some world class investigative bloggers checking Companies House data – the investigation had revealed the above person was going to buy the club.

    I’m now having doubts about the investigation – but still have the hysterical screaming of ” it’s happening I tell ya” echoing in my lugs.

    Probably not a world class investigation after all but a shyte investigation by Hetty Wainthrop and Miss Marples types on a wild goose chase.

    9
  • RobLeenio

    Feb 15, 2019 at 3:40 PM

    Comment #11

    lol hibbit, I am a layman, true there. Surely it’s just a matter of seeing where the true value lies and making sure that the clauses are there to ensure the value can be clawed back, if not immediately then over time. That’s where the skilled negotiations come into play.

    Cede the concessions for a fixed period, share the profits over that time, knock some value from the purchase price and add clauses based on success for a fixed period. Then once these fixed period are finished, the club is completely free of the fat man and his cronies.

    Is that simpilstic? Maybe.

    Obviously it’s based on both sides wanting to get a deal done.

    1
  • Dragon64

    Feb 15, 2019 at 3:43 PM

    Comment #12

    Don’t think ppl are that stupid now any intro from Amanda saying what ever we will take with a pinch of salt as utter crap. Get safe then see who really does if anyone at all ????

    2
  • Dragon64

    Feb 15, 2019 at 3:44 PM

    Comment #13

    Next few games are so important for the future of nufc in the pl

    2
  • hibbit

    Feb 15, 2019 at 3:51 PM

    Comment #14

    RobLeenio

    if only the dealing with Ashley were that simple !!!!!

    2
  • Tsunki

    Feb 15, 2019 at 3:54 PM

    Comment #15

    Oh Mandy
    You came and you checked without buying
    Then I sent you away-ayyy
    Oh Mandy
    You crashed my nosh up uninvited
    Spilled my Cobra and left
    Oh Maaaandy!

    5
  • hibbit

    Feb 15, 2019 at 3:56 PM

    Comment #16

    Dragon64

    you need to go and read the full article, not just one sentence quoted out of context

    2
  • RobLeenio

    Feb 15, 2019 at 4:25 PM

    Comment #17

    U23s playing tonight away to Reading. Two sides in identical form over the last 5 games (W3, D1, L1) but Reading’s last 3 games are WLD, where NUFC are WDW, so we have the better recent form.

    Intriguing. I wonder if it will be streamed on .co.uk?

    We should really see our form drop off with Sorensen, Sterry, Barlaser, Woddman and Longstaff no longer in the U23s team, but the likes of Toure and Harker have come in and done very well. We could be in for a promotion shout this season, so let’s hope we get a good result tonight.

    HWTYL!

    1
  • jane

    Feb 15, 2019 at 4:44 PM

    Comment #18

    U23s have won 7 of their last 9 league matches and are now 5th and in a play-off position. there is still a chance of automatic promotion as they are 8 points behind Southampton who are top with a game in hand and 7 matches remaining. Reading are one of the teams above them.

    0
  • Jail for Ashley

    Feb 15, 2019 at 4:46 PM

    Comment #19

    We have had, apparently two parties who have spent six figure sums on doing due diligence etc who are now sworn to secrecy due to NDA’s. One has been deemed a waste of time and the other not enough money, is it because of the NDA’s that these parties are not answering back, they certainly can’t reveal what they found. Who else now is going to spend that kind of money only to find out that the club is far too deep in a contractual web with the hundreds of MASH holdings. It’s a joke.

    3
  • Jib

    Feb 15, 2019 at 4:49 PM

    Comment #20

    Never mind the U23’s
    We want Dan Barlaser to score at the stadium of plight
    tonight !!!!!!!!!!!!!!!!

    4
  • bettyswallocks

    Feb 15, 2019 at 4:56 PM

    Comment #21

    Jail quite right , Your statement definitely has my seal of approval. ( excuse the pun) . Any new would be buyers will be wary of wasting money on Ashley’s games of oneupmanship .

    4
  • jane

    Feb 15, 2019 at 4:58 PM

    Comment #22

    “apparently two parties who have spent six figure sums on doing due diligence”

    apparently being the operative word.

    “Who else now is going to spend that kind of money only to find out that the club is far too deep in a contractual web with the hundreds of MASH holdings.”

    that might be correct but it is an assumption based on your unconscious bias.

    2
  • jane

    Feb 15, 2019 at 4:59 PM

    Comment #23

    “Any new would be buyers will be wary of wasting money on Ashley’s games of oneupmanship .”

    that might be correct but it is an assumption based on your unconscious bias.

    2
  • jane

    Feb 15, 2019 at 5:02 PM

    Comment #24

    “Jail quite right , Your statement definitely has my seal of approval.”

    bet that’s made Jail’s day!

    3
  • Tsunki

    Feb 15, 2019 at 5:19 PM

    Comment #25

    Jane, your assumption that jail could be factually incorrect has equally no basis and could be construed as being an assumption based on your conscious bias. Just a thought. Fair and balanced and all that.

    11
  • bettyswallocks

    Feb 15, 2019 at 5:24 PM

    Comment #26

    Apparently there is still a tight seal on all lips .

    4
  • jane

    Feb 15, 2019 at 5:28 PM

    Comment #27

    it would be incorrect to construe it that way though as i also said he maybe correct. no bias 🙂

    1
  • DaveD1000

    Feb 15, 2019 at 5:28 PM

    Comment #28

    Tsunki’s speelchecker doing a sterling job there.

    2
  • bettyswallocks

    Feb 15, 2019 at 5:28 PM

    Comment #29

    Jane…….. I see you’re back on your mission of trying to defend the indefensible .

    6
  • jane

    Feb 15, 2019 at 5:32 PM

    Comment #30

    just bringing some balance 🙂

    5
  • Tsunki

    Feb 15, 2019 at 5:43 PM

    Comment #31

    I’m balancing your balance. You can’t triple stamp a double stamp. You should know that. 🙂

    Noothing wreng wtt mey spelcheeker, Deve. Fuly funchional.

    5
  • Tsunki

    Feb 15, 2019 at 5:45 PM

    Comment #32

    Betty i see youre attacking the defender of the indefensible again. There’s no defence for that behaviour. No offence of course.

    1
  • Tsunki

    Feb 15, 2019 at 5:48 PM

    Comment #33

    Whoever gave Jib the info on Jail has conned him there. I think he was sold a pup.

    4
  • Tsunki

    Feb 15, 2019 at 5:49 PM

    Comment #34

    A heart for Jane for the “balance” remark. Usually makes me laugh when it’s used on this blog. 🙂

    3
  • Tsunki

    Feb 15, 2019 at 5:51 PM

    Comment #35

    I think the MASH spiders too complicated to fathom and by the time the hapless diligence checkers have wandered into Shelobs lair it’s too late.

    4
  • DaveD1000

    Feb 15, 2019 at 5:52 PM

    Comment #36

    Heart is a seal of approval

    2
  • posada

    Feb 15, 2019 at 5:52 PM

    Comment #37

    Ah the delightful Amanda.
    Described thus by City people. Not a main stream financier. Basically a charming lady who knows lots of rich people. Really rich people.
    They will provide the money. Amanda will take a commission.

    If the right folks buy it the process will be quick. If they are not prepared to come in and make a big statement they probably don’t have the cash to do so. The books won’t bother them as they will simply factor that into the price.

    4
  • jane

    Feb 15, 2019 at 5:55 PM

    Comment #38

    the players probably aren’t too disappointed to be in Spain instead of West London this evening.

    0
  • Dagwoodz

    Feb 15, 2019 at 6:08 PM

    Comment #39

    Not to fussed about the ‘Manders link…read the article and didn’t see anything that stated that she was planning on or would be submitting a renewed bid. There was a lot of waxing lyrical about Newcastle, however. Not opposed to that whatsoever, but not reading any more into it than is there in black and white.

    4
  • hibbit

    Feb 15, 2019 at 6:14 PM

    Comment #40

    posada

    “The books won’t bother them as they will simply factor that into the price”

    isn’t that why no one’s matching his asking price, he’s asking to much with to many strings and there’s no wiggle room left for the buyer to build in

    it’s very easy to say just pay it when it’s not your money

    0

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