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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

  • Big Bruce Stars.

    Feb 11, 2020 at 8:05 PM

    Comment #81

    Genji – the lass at the top of the page by all accounts.

    5
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 8:07 PM

    Comment #82

    Genj

    Aye definitely, let me know when your shifts allow it.

    On Arsenal, new they weren’t doing very well but hadn’t really looked at the table, only 6 wins.

    The only teams with less are the bottom 3.

    I’m going for a 0-0 draw with a 95th minute winner

    😉

    4
  • Genjikai

    Feb 11, 2020 at 8:07 PM

    Comment #83

    On alts.
    Ive met quite a few off this blog now in person.
    Theyve all been different people.
    Not one had a clue how to say my avatar name aswell.
    Carltoon is an absolute star and i hope you get yourself along more often.

    16
  • Anglo Saxon

    Feb 11, 2020 at 8:09 PM

    Comment #84

    Genjikai the alts are they toon people mate.

    2
  • Anglo Saxon

    Feb 11, 2020 at 8:10 PM

    Comment #85

    Supporters that is.

    1
  • Genjikai

    Feb 11, 2020 at 8:11 PM

    Comment #86

    Op take that all day long.
    HWTL

    On the heed army front im coming up to me weekend rotation off as we speak.
    But they are my protest days.

    9
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 8:11 PM

    Comment #87

    Anglo

    I’ve met Genj, I went as SuperTed

    2
  • Big Bruce Stars.

    Feb 11, 2020 at 8:12 PM

    Comment #88

    The takeover stories have caused a bit of a problem. If we don’t get our next regular one it’ll get more touchy than usual here when everyone goes cold turkey.

    1
  • Anglo Saxon

    Feb 11, 2020 at 8:13 PM

    Comment #89

    He’s a top man ,OP.

    2
  • Genjikai

    Feb 11, 2020 at 8:13 PM

    Comment #90

    Anglo
    Truthfully i think there will be alts on this blog,
    I do think there is ashley pr that posts.

    But every person i have met has been a different person,
    Aye everyone of them are a toon supporter and geordie.

    14
  • Jib

    Feb 11, 2020 at 8:14 PM

    Comment #91

    One of the prisoners with Coronavirus has recently been in Thailand !!!!

    0
  • Anglo Saxon

    Feb 11, 2020 at 8:14 PM

    Comment #92

    Always had great energy.

    1
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 8:16 PM

    Comment #93

    Tsunki

    I reckon most fans whether they believe or not have had enough.

    It’s a complete ball ache to be in limbo.

    It must effect the players, even if they say it doesn’t. They live In the area, friends family will be asking, same with Bruce etc.

    2
  • Charlie in the Gallowgate

    Feb 11, 2020 at 8:16 PM

    Comment #94

    Bloody hell is that Cheryl Tweedy/Cole getting involved in the fakeover

    3
  • MagpieRanger

    Feb 11, 2020 at 8:17 PM

    Comment #95

    Has anyone ever met Jib in person? Not that I’d want to, like

    15
  • Anglo Saxon

    Feb 11, 2020 at 8:17 PM

    Comment #96

    Yeh jib dug a tunnel out went to Thailand came back and dug another tunnel to get back into his cell. yeh, i’ll buy that.

    7
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 8:18 PM

    Comment #97

    Anglo

    He is, had a few pints with him.

    I have him on WhatsApp

    😉

    4
  • Genjikai

    Feb 11, 2020 at 8:19 PM

    Comment #98

    Tunski
    I was told that this was legit early Jan, was told if it leaked it would be off.
    Its not that i dont believe the person because i do, he is the man that pulled ashley in parliament, but i just always think it is ashley shit.
    The bid maybe real but ashley doesnt want to sell.

    Maybe magpie ranger was bang on the other night.
    He doesnt want to sell.

    Thats why we need to make him sell.

    32
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 8:19 PM

    Comment #99

    Magpie

    I haven’t but Apparently Dennis Wise got in his cab once

    9
  • Genjikai

    Feb 11, 2020 at 8:22 PM

    Comment #101

    Op
    Aye you had the pints mine was an orange juice.

    Op makes the best jellies there is , bobbybee, Egb you would love them.

    7
  • Anglo Saxon

    Feb 11, 2020 at 8:26 PM

    Comment #102

    Will sleep a little better tonight, going to clock off while in front, Genjikai like toon royalty.

    14
  • #BoycottAshley ( OP)

    Feb 11, 2020 at 8:28 PM

    Comment #103

    Genj

    You heard anything about the Ruskies or anything else?

    0
  • RobLeenio

    Feb 11, 2020 at 8:32 PM

    Comment #104

    Did Genjikai make a Pokémon reference?

    Confirmed as my favourite poster EVER!!!!

    5
  • Captain AmeriMag

    Feb 11, 2020 at 8:35 PM

    Comment #105

    HAHAHAHAHA

    Is snortle an evolved squortel?

    Genjikai Pokemon Classic

    😀

    3
  • Captain AmeriMag

    Feb 11, 2020 at 8:36 PM

    Comment #106

    …….I don’t know how to do the fancy line over e like my more learned friend Mr Rob!

    1
  • RobLeenio

    Feb 11, 2020 at 8:43 PM

    Comment #107

    Lol, it was a happy accident Captain.

    Predictive text working in my favour for once….

    3
  • droppy in Wallsend

    Feb 11, 2020 at 8:44 PM

    Comment #108

    Pokemon is a new one on here.

    Maybe there’ll be a new takeover go app.

    Wander the streets collecting funds and removing obstacles lol.

    Charnley does look a bit like Diglet

    4
  • Genjikai

    Feb 11, 2020 at 8:47 PM

    Comment #109

    Droppy
    He does alot of digging.
    So does lee marshall.
    They went all out to find out who i was.

    20
  • Just a fan

    Feb 11, 2020 at 8:52 PM

    Comment #110

    Jib we need a weather report where you are.
    Its blowing a gale here

    0
  • Genjikai

    Feb 11, 2020 at 8:56 PM

    Comment #111

    We should all treat this situation like the contestants on takeshis castle and storm the keep.

    If youve have ever watched it you know there is never a winner, except for that time they do storm the castle.
    They do eliminate the emerald guard.
    And Saint James Park was theirs again.

    10
  • Just a fan

    Feb 11, 2020 at 8:57 PM

    Comment #112

    When the sale goes ahead as it will one Day.
    Which one of the knackers on here will try to take credit for it.

    2
  • Genjikai

    Feb 11, 2020 at 8:58 PM

    Comment #113

    Just a fan
    Just to let you know, after you told me you wish i never posted on here, i thought id give it a break even though i hadnt posted in ages when you told me that.

    Dont want to cause you distress or any bad feelings.
    Hate negativity.
    Can we all start again?

    12
  • droppy in Wallsend

    Feb 11, 2020 at 8:59 PM

    Comment #114

    Genjikai

    You must make them nervous for some reason.

    All for storming the castle but I’d probably fall down a manhole or something like the poor crazies on Takeshi, also we need more than a water pistol

    1
  • Just a fan

    Feb 11, 2020 at 9:02 PM

    Comment #115

    Genjika never said that . Prove me wrong

    1
  • Just a fan

    Feb 11, 2020 at 9:05 PM

    Comment #116

    You have an agenda which is fine .it’s not mine
    Which as online guy says
    Respect
    I love him but he can be a egotistical maniac
    Sorry online

    1
  • Genjikai

    Feb 11, 2020 at 9:08 PM

    Comment #117

    Just a fan

    Jan 24, 2020 at 9:19 PM

    Comment #104

    Genjica has an agenda which he peddles on here.
    I assume he is sincere but to be honest I wish he would find a different platform.
    He probably has many platforms of which this is one

    20
  • investinyouthtoon

    Feb 11, 2020 at 9:12 PM

    Comment #118

    Genjikai just wanted to say thanks for info last night re situation on the books being looked at.

    IMO there has to be something MA is dreading somebody finding in there, why else would he be avoiding the issue. That may well explain why he is charging interested parties a non refundable 250000 pounds to gain access to the data room. He knows once they have a looked then they won’t be too interested in going any further, and he gets to keep their money at the same time. In addition to making them sign NDA’S and he knows he can get away with it time and time again. Whilst looking like a willing seller, win win for MA.

    I only pray Saudi PIF and reuben brothers can take the club off his hands and we can enter a new dawn with new hope in OUR football club.

    14
  • Just a fan

    Feb 11, 2020 at 9:13 PM

    Comment #119

    So do you not peddle on here

    0
  • investinyouthtoon

    Feb 11, 2020 at 9:14 PM

    Comment #120

    Also Genjikai I now follow you and TMG on Twitter and would look to turn up at future group meetings. Would be good to meet fellow fans with similar viewpoints on the state of our club

    15

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