Gulf claims on bids for Newcastle United and Liverpool
Reports have emerged from Dubai with claims of bids to buy both Liverpool and Newcastle United.
The Gulf newspaper The National has stated that Liverpool turned down a bid of £1.2bn up front, plus up to another £300m depending on future success in the Champions League.
This would represent a profit of up to £1bn or more on the Fenway Sports Group’ original investment.
The National claimed that Amanda Staveley and he PCP Capital Partners group had been in talks with the Liverpool owners for over a year.
However, the Liverpool chairman Tom Werner was quick to reply to the claims, saying that the newspaper’s reports were entirely made up.
Tom Werner speaking to the Liverpool Echo:
“We have better things to do than batting down rumours about negotiations with Ms Staveley,
“However, there’s no truth to them.”
The National then claims that Amanda Staveley has moved on to Newcastle and difficult to say whether what they have published now, gives us any extra information.
The Dubai newspaper talks about a buying price of around £300m before investment in the club/squad, with the money to come from both Middle Eastern and Chinese investors via PCP.
We are now at a stage where even if a deal is happening, it is unlikely the public would be hearing anything. What would there to be gained from either buyer or seller, unless Mike Ashley was trying to encourage rival bids.
The fact that Liverpool have completely trashed The National’s ‘exclusive’ on a £1.2bn/£1.5bn alleged bid for the scousers doesn’t encourage you to think the Dubai newspaper really does have any insight into what is….or isn’t, happening.
The simple fact is that if any sale of Newcastle United is really going to happen, it will simply be an announcement at the end of any process, rather than something akin to buying a player, where we have become used to the chain of photos of arrival at Newcastle Airport, photos of going incoming out from a medical, lots of other media coverage/speculation, then the eventual official confirmation.
If you do want to draw comparisons and you do believe Amanda Staveley and/or others are doing due diligence at the moment, then you could say this is kind of the equivalent of a player’s medical, potential buyers looking at the health of the club via the accounts/books and judging whether it is worth buying and at what price.
With so much positivity around Rafa Benitez, as well as his committed group of players, at the minute. It would be the perfect Christmas present/bonus if new owners are to take over the club.
‘Newcastle represents an outlay of about £300m before investment in players and just as much opportunity from the growth of the Premier League.
On top of that comes the passion of the fanbase and the fact that St James’ Park is a world-class stadium, in the city centre, with a 52,000 capacity.
It is understood that there are Gulf investors in the PCP Capital Partners consortium interested in Newcastle United, alongside Chinese money, and that the belief is that the experience of Manchester City can be replicated on Tyneside.
The PCP-led consortium is aware that commercial success at Newcastle will need to be driven by the winning of football matches.
It is understood that recent reports of £500m being made available for players is exaggerated, but that there will be significant funds for manager Rafa Benitez to deploy.’
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