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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

  • Anglo Saxon

    Feb 11, 2020 at 6:24 PM

    Comment #41

    SirBobbyRobby i’ll buy into that mate.

    1
  • Jiayou! (The next MW)

    Feb 11, 2020 at 6:25 PM

    Comment #42

    hows your cat rob after his op? my cat is at the age i have to decide what to do with him. he doesnt get out the house as we live so high up but he has a sister and i dont want to risk inbred kittens. im 50/50 on getting him snipped – thats if there are any vets still open.

    0
  • Jiayou! (The next MW)

    Feb 11, 2020 at 6:31 PM

    Comment #43

    theres little doubt theres truth in these links, but whether they come off is another matter. a bit like when we put bids in for rooney and ronaldinho. both true just the money was nowhere near the valuation.

    3
  • Bambams

    Feb 11, 2020 at 6:36 PM

    Comment #44

    We just have to hope, if this is true, they have offered enough for AshLIE to take it and leave.

    Hope this comes across the right way, but what a difference in ‘Appearances’ between Dreamboat Mike AshLIE and Carla DiBello….

    Just sayin

    2
  • Big Bruce Stars.

    Feb 11, 2020 at 6:37 PM

    Comment #45

    Two things.

    Too public to be true

    If it DOES happen they are too incompetent to keep it quiet, what kind of business people are they?

    I had a third thing but I only announced two so I’ll stop there.

    1
  • Big Bruce Stars.

    Feb 11, 2020 at 6:38 PM

    Comment #46

    Has Bills Son exploded yet? I’ve been looking out the window for the orange glow and waiting for the ground to rumble but nothing yet.

    4
  • Big Bruce Stars.

    Feb 11, 2020 at 6:40 PM

    Comment #47

    I also noticed there are a growing number of factions of Taliban on the blog. I’m not sure which one to enlist with. Who’s got the best pension and dental plan?

    5
  • Big Bruce Stars.

    Feb 11, 2020 at 6:41 PM

    Comment #48

    Come on people it’s not three in the morning help me out here! 😀

    0
  • WLtoon

    Feb 11, 2020 at 6:44 PM

    Comment #49

    The 2nd last paragraph in the article says we are very sceptical about the story, and rightly so. is it April 1st by any chance?
    What happened to a genuine Takeover getting done in private and without anybody knowing about it until its done , sorted and announced ?
    Sorry, but for me its a farce. Just another opportunity for the football world to ridicule us.

    8
  • Anglo Saxon

    Feb 11, 2020 at 6:50 PM

    Comment #50

    Notice how the PR keep out of it when the frenzies in motion, they let the blog churn it out between themselves job done.

    2
  • Jiayou! (The next MW)

    Feb 11, 2020 at 6:51 PM

    Comment #51

    we dont need a billionaire owner or to spend billions. we could just do what teans like Brentford do and employ good managers. its as simple as that.

    5
  • Jiayou! (The next MW)

    Feb 11, 2020 at 6:57 PM

    Comment #52

    Big Bruce Stars
    It is 3 in the morning. Well beyond my usual blogging hours.

    1
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 7:00 PM

    Comment #53

    Tsunki

    What was the 3td thing?

    2
  • FloridaToon(SDFC)

    Feb 11, 2020 at 7:10 PM

    Comment #54

    Have we been sold yet??

    3
  • Munster Mag

    Feb 11, 2020 at 7:13 PM

    Comment #55

    So we might get the money, and the honey? Oooh now the PC brigade will be all over me. Taliban second brigade haven’t had a moan in a few hours and could do with one. OP would be a paid up member of both the Ostrich brigade AND the Moan Brigade so if he isn’t getting drunk with his dog he should be along soon.

    1
  • Munster Mag

    Feb 11, 2020 at 7:15 PM

    Comment #56

    BbS some of the Taliban are quite old and don’t qualify for dental cover sorry.

    2
  • JohnJ

    Feb 11, 2020 at 7:21 PM

    Comment #57

    Hmmmm, I sometimes wonder if a certain Mike Ashley reads this blog and has a good old snortle at our expense?

    7
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 7:28 PM

    Comment #58

    WUM ALERT

    3
  • Jib

    Feb 11, 2020 at 7:29 PM

    Comment #59

    Snort + Chortle = Snortle

    2
  • Genjikai

    Feb 11, 2020 at 7:38 PM

    Comment #60

    John j
    I doubt mike ashley reads this blog.
    But i know that Lee marshall does,
    The police have also read the blog.

    12
  • Anglo Saxon

    Feb 11, 2020 at 7:41 PM

    Comment #61

    Genjikai whats the low down on Jib.

    1
  • Patoon

    Feb 11, 2020 at 7:44 PM

    Comment #62

    She can boil me an egg any mornin ?

    0
  • Genjikai

    Feb 11, 2020 at 7:45 PM

    Comment #63

    Is snortle an evolved squortel

    6
  • Anglo Saxon

    Feb 11, 2020 at 7:45 PM

    Comment #64

    OK Genjikai is he pr yes no

    1
  • Genjikai

    Feb 11, 2020 at 7:47 PM

    Comment #65

    Anglo
    Lee marshall 100 percent reads the blog, whether he posts or not i dont know.
    Hiya Lee, who ever you may be.

    14
  • Anglo Saxon

    Feb 11, 2020 at 7:49 PM

    Comment #66

    OK Genjikai cheers mate good luck for your input NUFC forever.

    1
  • Genjikai

    Feb 11, 2020 at 7:50 PM

    Comment #67

    Ask him
    Jib are you lee marshall?

    5
  • Anglo Saxon

    Feb 11, 2020 at 7:51 PM

    Comment #68

    OK toon22 think that’s the info you want my friend.

    1
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 7:51 PM

    Comment #69

    Alright Genj.

    Hope alls well mate

    3
  • Anglo Saxon

    Feb 11, 2020 at 7:52 PM

    Comment #70

    Genjikai if that fker told me the pope was a catholic i’d have to check mate’

    2
  • Jib

    Feb 11, 2020 at 7:54 PM

    Comment #71

    Nope

    3
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 7:54 PM

    Comment #72

    Is Lee Marshall the blog Spartacus?

    3
  • Genjikai

    Feb 11, 2020 at 7:56 PM

    Comment #73

    Alright OP
    All is well, going to watch the toon bamboozle Arsenal on sunday.
    You fancy going to watch the mighty heed army at some point soon mate?

    5
  • Anglo Saxon

    Feb 11, 2020 at 7:57 PM

    Comment #74

    And to top that a sunlan supporter you Bell end.

    1
  • Genjikai

    Feb 11, 2020 at 7:58 PM

    Comment #75

    Will the real lee marshall please stand up.
    We are going to have a problem here .

    9
  • Big Bruce Stars.

    Feb 11, 2020 at 7:59 PM

    Comment #76

    Has anyone asked Lee Marshall if he’s jib?

    10
  • Big Bruce Stars.

    Feb 11, 2020 at 8:00 PM

    Comment #77

    OP I’ll tell you what the third thing is next time i have a list of three things. It’ll be the third thing I mention. Keep your eyes peeled. 🙂

    6
  • Genjikai

    Feb 11, 2020 at 8:03 PM

    Comment #78

    Any news on whos fit for sunday?

    3
  • Big Bruce Stars.

    Feb 11, 2020 at 8:04 PM

    Comment #79

    Oh so there are two Taliban factions and they are called brigades, Ostrich and Moan. I take it there is a Unicorn one for the takeover enthusiasts? Is there a Cod one for stat-bound expats in Scandinavia?

    13
  • WLtoon

    Feb 11, 2020 at 8:04 PM

    Comment #80

    I,m looking for Lee Marshall
    I,m Lee Marshall
    No yo are,nt, i.m Lee Marshall
    I,m Lee Marshall and so,s my wife

    3

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