In January of last year, Mike Ashley cut the ties with Amanda Staveley and her PCP Capital Partners Group as she was trying to buy Newcastle United but didn’t have the money.
We haven’t heard from the financier in a while, and any takeover is now dead – at least by the four consortia who were reportedly interested in buying the club in the last two months.
They don’t have the £300M to buy the club.
And she has reappeared on the scene again, so why now?
Ms. Staveley has said she remains a big fan of the club and that she is not giving up on finally buying Newcastle United.
We thought that’s exactly what she had done a year ago after Mike Ashley said she and her PCP Capital Group were wasting his time.
Ms. Amanda Staveley of PCP Capital Partners Group
She has been speaking to the National in Dubai, where she resides and says she is looking at a number of Premier League clubs.
This is some of what she has said:
“We are big fans of Newcastle, big fans of the team.”
“We have no issue with Mr. Ashley, that [the ‘time waster’ claim] is water under the bridge.”
“It’s still an interesting club to us, the fans are fantastic, but we are looking at a lot of clubs.”
“I’m a total tomboy, I’m a football fan, I enjoy it very much,” “We are sensible people who invest other people’s money. “
“We would also put our own capital in – of course we would.”
“But with financial fair play rules, all football clubs have to be financially stable.”
“I am hugely proud of Man City – we are not looking at creating another Man City in terms of the huge levels of investment they’ve had on players.”
“But what I love about Man City is how they have invested so well in Manchester, in the area.”
“That’s really important, and the sort of thing we would want to do elsewhere.”
We’ve always found that the time to be bold, and make investments, is when markets are volatile,” she said.
“In the UK, volatility has risen beyond where many people feel comfortable with, but we use that and we are continuing to invest in the UK.”
“Brexit or no Brexit, we will still very much be investing in the UK.”
We would take Ms. Staveley’s stated interest in buying Newcastle with a large pinch of salt.
There’s very little chance that Ms. Staveley has the money or is still genuinely interested in buying the club.
And we’ve seen this particular movie before.
And so the soap opera continues of Mike Ashley supposedly trying to sell Newcastle United.