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New Wall Street Journal Report Clarifies American’s Role In Newcastle Takeover Talks


It has already been two and a half weeks since the Wall Street Journal broke the story of a Saudi-backed consortium that was in talks over a proposed £340m takeover of Newcastle.

Despite claims that the next 48-72 hours were crucial, here we are with not much more to go on.

The basics of the story were that Amanda Staveley, who failed in a bid for Newcastle two years ago, had reappeared but this time backed by the formidable wealth of the Saudi Public Investment Fund.

The consortium also consisted of British businessmen the Reuben Brothers, which was later confirmed through local reports. The consortium would be primarily funded by the PIF, which is headed by Saudi Crown Prince Mohammed bin Salman.

The Saudi’s would provide 80% of the funds while Staveley’s PCP Capital and the Reuben Brothers would provide 10% each. The group would also pump £200m into the club to push us forward.

Carla DiBello– more involved than first reported?

Another name came into the mix late last week in American entrepreneur Carla DiBello. Bloomberg reported that DiBella, who owns the consulting firm CDB Advisory, was working with Amanda Staveley on the deal.

The Wall Street Journal is back again today, and they are claiming that DiBello has played a much more prominent role in the negotiations than first reported.

They report, citing sources involved in the talks, that it was DiBella who first proposed the idea of purchasing Newcastle to the PIF in early 2019. That piece of information was not in the Bloomberg article.

However, the Wall Street Journal adds that DiBello basically approached the PIF unsolicited, which took them by surprise. They also verify Bloomberg’s reporting that both Staveley and DiBello would continue with the club if a deal was reached with both holding equity in Newcastle.

It all sounds too good to be true. We’d have quite a diverse set of owners who would have the funds to take this club forward. That is precisely why we are highly skeptical of all of this at the moment.

However, we would love for it to happen but don’t want to end up shattered like after the last few takeover claims.


158 comments so far

  • #BoycottAshley ( OP)

    Feb 11, 2020 at 5:43 PM

    Comment #1

    Is Bill’s the bus conductor?

    4
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 5:45 PM

    Comment #2

    Do they wrap fish n chips with the WSJ in the states?

    4
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 5:45 PM

    Comment #3

    Third

    1
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 5:45 PM

    Comment #4

    2nd 2st and 4th

    3
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 5:46 PM

    Comment #5

    He must be holding a kangaroo court if he hasn’t informed the passengers the bus has moved.

    6
  • ShirebrookToon

    Feb 11, 2020 at 5:47 PM

    Comment #6

    Get on the bus, get off the bus

    3
  • TheTinman

    Feb 11, 2020 at 5:47 PM

    Comment #7

    Yes please. Phwoaaaaar

    9
  • DaveD1000

    Feb 11, 2020 at 5:48 PM

    Comment #8

    Sharp as a tack that Neil in the time it takes to pour a glass of wine he has knocked it together and ran the bus around the corner

    4
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 5:48 PM

    Comment #9

    Neil

    Spot on timing with the new thread, pretty much what we were discussing on previous.

    3
  • ShirebrookToon

    Feb 11, 2020 at 5:48 PM

    Comment #10

    Is she related to the Kardashians

    4
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 5:50 PM

    Comment #11

    I reckon she’s a robot

    4
  • hibbit

    Feb 11, 2020 at 5:50 PM

    Comment #12

    the bus has moved icon would be good 😉

    6
  • DaveD1000

    Feb 11, 2020 at 5:50 PM

    Comment #13

    OP
    another recurring theme is the writer of the article is an award winner so the fish ‘n’ chips would be a bit disrespectful

    6
  • welshgeordie9

    Feb 11, 2020 at 5:51 PM

    Comment #14

    Better odds of pardew coming back to the club than a takeover happening.

    2
  • DaveD1000

    Feb 11, 2020 at 5:52 PM

    Comment #15

    Neil’s next article is gonna be on the Chippy at Seahouses 🙂

    3
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 5:52 PM

    Comment #16

    Does anyone have her on WhatsApp?

    Nothing to do with the takeover, wanna see if she fancies a bottle of dog and a savaloi dip on Friday.

    4
  • ShirebrookToon

    Feb 11, 2020 at 5:54 PM

    Comment #17

    OP

    one of the chopper watchers will have her on Twitter

    4
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 5:54 PM

    Comment #18

    Welsh

    How are you?

    4
  • Bring back benitez

    Feb 11, 2020 at 5:54 PM

    Comment #19

    So take over happens (dreaming)

    Do we go back for Rafa?

    Poch?

    Or all out push for Swansea city master tactical genius Steve Cooper?

    4
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 5:54 PM

    Comment #20

    Posada

    Ain’t seen you post for a while, hope all is good!

    2
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 5:56 PM

    Comment #21

    Shirebrook

    Don’t chopper watchers bat for the other side?

    Why they got her number

    😉

    2
  • Captain AmeriMag

    Feb 11, 2020 at 5:56 PM

    Comment #22

    Carla’s involvement has given me a Saudi semi

    😉

    24
  • Anglo Saxon

    Feb 11, 2020 at 5:57 PM

    Comment #23

    OP 16 see you’re sticking ya neck oot for the posh birds eh.

    6
  • Jiayou! (The next MW)

    Feb 11, 2020 at 5:57 PM

    Comment #24

    i have no opinion whatsoever on the takeover. been skimming over it. that way if it fails you dont get disappointed.

    4
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 5:57 PM

    Comment #25

    DaveD

    Fish n chips is the only time I get a paper.

    2
  • ShirebrookToon

    Feb 11, 2020 at 5:58 PM

    Comment #26

    OP

    Some bat for both I’ve heard 😳

    2
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 5:59 PM

    Comment #27

    Shirebrook

    Narcassists, just plain greedy

    2
  • Jiayou! (The next MW)

    Feb 11, 2020 at 6:00 PM

    Comment #28

    she looks better than mike ashley

    5
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 6:01 PM

    Comment #29

    Stop taking about fish n chips.

    My local chippy is no more.

    Gutted.

    Could go to Starbeck chippy but it ain’t the same since it got sold.

    A good chippy is like rocking horse shit.

    2
  • DaveD1000

    Feb 11, 2020 at 6:01 PM

    Comment #30

    tnmw
    I’m just laughing at all and am 99% sure its BS but if it comes off I’ll be on the lash for a week

    8
  • Jamaal Dubravka

    Feb 11, 2020 at 6:04 PM

    Comment #31

    Captain Amerimag! How much for a ticket on the positivity train? 😉

    2
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 6:05 PM

    Comment #32

    If we were bought by the PIF and they stated similar intentions to Citeh I’d probably have to sit down for a bit.

    It would take a while to sink in.

    I’d be checking the interweb every hour and every day for a few weeks just to make sure it wasn’t some sick prank.

    2
  • Jiayou! (The next MW)

    Feb 11, 2020 at 6:07 PM

    Comment #33

    dave
    hope for the best, prepare for the worst

    2
  • Anglo Saxon

    Feb 11, 2020 at 6:10 PM

    Comment #34

    mike think that should be other way around mate.

    2
  • toon22

    Feb 11, 2020 at 6:11 PM

    Comment #35

    Who do you think he will pretend to sell us to next time?

    17
  • Jiayou! (The next MW)

    Feb 11, 2020 at 6:13 PM

    Comment #36

    pray Ashley leaves, assume he wont. although i think hell be gone within 5 years.

    4
  • IrishRob

    Feb 11, 2020 at 6:16 PM

    Comment #37

    Lord god just let me slide in once and I’ll be happy, no repeated thrusting. It’s not needed in this case.

    3
  • Jiayou! (The next MW)

    Feb 11, 2020 at 6:17 PM

    Comment #38

    always look on the bright side of life. at least souness isnt still in charge. we are one notch above that level.

    0
  • SirBobbyRobby

    Feb 11, 2020 at 6:20 PM

    Comment #39

    I noticed the authors on that wall street article have biographies with decent middle eastern ties – if you click on their names. Certainly a bit more reputable than Ryder and the chronicle spaff machine. We live in hope, jedis

    8
  • SirBobbyRobby

    Feb 11, 2020 at 6:22 PM

    Comment #40

    Also. The authors have all been writing specifically about Softbank and the middle easter fund for years….so must have some contacts.. jedis

    6

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