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The Times – Amanda Staveley bid expected shortly as signs NDA after 2nd meeting with NUFC

4 years ago

Amanda Staveley has now got to the stage of signing a non-disclosure agreement (NDA) with Newcastle United.

The usually reliable George Caulkin, who covers Newcastle United (amongst other things) for The Times, has broken the story.

Caulkin saying that a meeting between Amanda Staveley and Mike Ashley’s representatives had happened at the weekend, with the NDA now in place.

This update in The Times says that Caulkin’s sources have indicated that Staveley is expected to put in a bid shortly, with a desire to get something sorted as soon as possible, just as Mike Ashley similarly wants (by Christmas), allegedly.

A report in the Financial Times on Tuesday claimed that their sources had informed them that a further meeting between Amanda Staveley and Ashley people was scheduled for Tuesday (17 October) but neither the club or Staveley/PCP Capital Partners would confirm that meeting was taking place.

We are still in a place of wondering what to believe, a combination of many years of mistrust in both Mike Ashley and the media, meaning Newcastle fans are bound to adopt a wait and see policy.

However, there is no denying that the thought of Ashley’s departure and new ambitious owners potentially before Christmas,, is quite intoxicating.

In the last 24 hours all of the newspapers have carried some kind of update on a possible Newcastle United takeover but as always, difficult to make out who, if anybody, knows anything.

The pressure on them to come up with something new is overwhelming, to sell newspapers and get clicks, so even if they know nothing they have to produce something for their bosses and their readers.

Obviously, you tend to depend on the reputation of whoever is claiming an update, as to how strongly you believe something is likely to be true. George Caulkin is about as good as they come in that respect, so at the very least, if he is quoting sources then I believe they exist, rather than being made up ones.

Let’s hope what they have been telling him is true.

Whilst some have claimed that if an ‘Amanda Staveley’ purchase happens at NUFC, it could actually be her buying the club in a personal capacity/her company. It is surely all but certain that if a deal is made, then she will be fronting it on behalf of another investor/investors, which is the main part of her business, being a dealmaker.

George Caulkin of The Times:

“Amanda Staveley is expected to launch a bid for Newcastle United, according to sources in the City, after the British businesswoman held a constructive meeting with the club’s hierarchy.

“Staveley, who runs PCP Capital Partners and is reported to control £28 billion of investments from the Middle East and China, is understood to be pushing for a speedy purchase.

“She met Lee Charnley, Newcastle’s managing director, and Justin Barnes, a long-time associate of Mike Ashley, the owner, after the recent home match against Liverpool, a club Staveley has previously attempted to buy.

“More progress was made at another meeting this weekend. The same City sources said that Staveley and Newcastle had signed a non-disclosure agreement (NDA).

“Neither party was prepared to comment last night.”


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