Monday night saw Sky News break the story (see below) that Amanda Staveley had put in a former offer ‘in the region of £300m’ for Newcastle United.

A number of media, including the Press Association and Chronicle, reported confirmation that an offer had indeed been received by Mike Ashley.

However, later on Monday, it has now been reported that Ashley is set to instantly reject the bid for a number of reasons.

Chief amongst these is that The Mail say that the Sports Direct supremo is ‘furious’ that it has been claimed the bid is as high as £300m, with ‘sources close to the club insist it is way lower than that’.

In addition to the actual amount offered, The Mail say that another major problem is the inclusion of ‘clauses in the event of relegation’.

I doubt any of us thought this was going to be easy and Mike Ashley will surely wring every last drop of value out of any deal in his favour. To that end, the newspaper report says that ongoing promotion of Sports Direct could also be part of any settlement.

The Independent have also followed The Mail in reporting that their sources have told them that the offer is way short of the £300m suggested tonight, which makes it way way short of the £380m Ashley is said to want.

In brighter news, The Mail say that despite the differences between the two parties on this opening offer, there is still confidence that a deal will be agreed eventually.

The Mail:

‘Amanda Staveley and PCP Capital Partners have moved closer to a takeover of Newcastle United after making an opening offer – but Mike Ashley is set to reject the approach.

The Middle East and Chinese investment fund – fronted by the Yorkshire businesswoman – have been working through the due diligence process since last month and have now tabled an initial bid.

However, Sportsmail understands that Magpies owner Ashley was furious at reports which emerged on Monday night suggesting the figure was in the region of £300million.

Sources close to the club insist it is way lower than that and Staveley will need to return with an improved offer if there is to be progress. It is thought the deal is complicated by clauses in the event of relegation.

Ashley still wants to sell the club but will do so on his terms, which could include an advertising package for Sports Direct.

If a takeover is completed – and sources close to the deal are ‘confident’ it will be – then we understand Staveley, 44, will be installed as the new head of the club.

Negotiations will now continue but hopes of a deal being completed by Christmas have rescinded given the disparity in valuation.’

The Mag – Earlier tonight (20 November 2017):

Amanda Staveley has made a ‘formal takeover bid’ for Newcastle United.

Sky News are reporting that Staveley’s company PCP Partners have made an offer ‘in the region of £300m’.

As part of their formal offer it is said they want ‘exclusivity on talks’.

Sky News:

“PCP Partners headed by Amanda Staveley has tabled a formal takeover bid for Newcastle United Football Club in the region of £300m and they hope to get exclusivity on talks this week.”

It is exactly 50 days since she attended the Newcastle v Liverpool match and was first introduced to Mike Ashley’s representatives at the club.

That introduction was said to be not arranged and contact information exchanged.

However, since then, Mike Ashley made public that the football club was up for sale.

This then followed by reports that Amanda Staveley and a number of other unnamed potential buyers had signed non-disclosure agreements.

That allowed interested parties to examine the books ahead of a prospective bid.

Little else has been on the minds of Newcastle fans so hopefully this is the next stage towards Mike Ashley leaving Newcastle United.

  • TheFatController

    No wonder Ashley is livid if there are relegation clauses – he’ll have to spend in January if so.

    This despite the fact that the last time he spent in Jan he got sissoko for £2m who went for £30m… he could therefore put a clause in that he takes the profit on whatever we buy in January and give Rafa £50m

    Or maybe not.

    • Toonrobbybobson

      The only possible money that will be spent is an installment of TV money. Nothing new will be pumped in. Best we shift Mitrovic and Diame to raise some funds as well.

    • Oooh bobbi fleckman

      THe last time we spent big in January, we got Shelvey, Townsend and Henri Saivet….and Doumbia

      • Whitehurst

        Ha ha Great days!! ;)

        • Oooh bobbi fleckman

          Heh heh, that was part of the point.

    • Oooh bobbi fleckman

      Unlikely that he’d accept a deal that takes control out of his hands and still penalises him for relegation. He may as well hold on to the club until the summer on that basis.

      • TheFatController

        I think you missed the irony of my post, ironically flagged up by the ‘or maybe not’ epilogue ..

    • Kneebotherm8

      Irrespective of the takeover he should be spending in January, he’s got a minus nett spend since Rafa’s been there.
      Time to back the manager I’d say.

  • Oooh bobbi fleckman

    According to the report, it’s far east investors and Staveley rather than the previously rumoured Middle East investors.

    • Whitehurst

      Any sort of cash will do like….don’t care where it’s coming from!!

      • Oooh bobbi fleckman

        Agreed but the worry is that these buyers may not actually have the money. Reading between the lines, it’s not going to be a Mac City style money splash, more like Southampton.

  • X,WHY,Y MAN.

    This will be a long drawn out process with Fat Boy doing everything he can to make it difficult for PCP.

    • Oooh bobbi fleckman

      No, he will not make it difficult, he will just try and get the best deal for him, rightly so.

      • X,WHY,Y MAN.

        Which basically means he’ll make things difficult lol

  • Toonrobbybobson

    Loving the relegation clauses. I reckon it is £300m the offer but its made up of various targets and that upfront on paper its not what he wanted and that even the sports direct free advertising all these years will br hurting him now in terms of lack of revenues and that they are saying hes had that benefit. Be interesting how all this pans out.

  • Shipcote Willy

    I have always said the deal won’t go through unless Ashley drops his asking price which is unrealistic. Staveley won’t pay over the odds and will walk away as she did at Liverpool. This is probably Ashley’s only chance to sell the club at its optimum value. He is just the man to reject it and we will be back to square one. It all depends on whether he really wants to sell. Nothing is ever straightforward with Ashley

    • Oooh bobbi fleckman

      Why would he accept such a low bid?

      • TheFatController

        Cheaper than his other option of buying the players to keep us up in Jan ?

      • Rich Lawson

        He won’t,I’m sure a keen negotiator like Stavely will obviously start low (you would), it’s sound business practice,the important thing is that the process seems to have started.

        • Oooh bobbi fleckman

          Yep, we have to be realistic and there is no point in claiming the deal is being scuppered by MA’s greed when it’s just jousting at this stage.

          • Damon Horner

            Jousting that every single one of us would do if we had the same asset no doubt

          • Oooh bobbi fleckman

            Exactly the point. We as football fans seem to want our owner to behave in a financially care-free manner that we know full well that we’d never follow such a strategy it it were our money.

  • Mrkgw

    Come on Amanda, turn the screw that bit more to oust that noxious regime that have stiffled this amazing club for so long.

  • anyobrien

    Daily fail

    • Whitehurst

      I hate the feckin Mail!! Surprisingly the Daily Star weren’t too far off their original takeover prediction!! The world will have truly gone mad when they start reporting true facts!

      • Peaky Magpie

        The Mail,right wing xenophobic tosh for the over 60’s !!!

  • Thefootballerwhocouldfly

    There’ll be more twists and turns in this saga…. so want shot of Ashley & an owner who has ambition.

  • Whitehurst

    We all knew this was going to be the difficult bit in terms of any takeover. Anyone trying to buy a company will always start off with a low bid. At least the ball is rolling. My thinking is that the fat one does actually want to finally flog up and ship out….due to the timing & potential financial return etc. I maybe naive….fuelled mainly by blind faith and overwhelming optimism….but I reckon both parties will probably meet somewhere half way – £340m. No doubt a pay-off compromise involving some continuation of Sports Direct advertising every fooking where at SJP!! Small price to pay tho!!

  • Down Under Mag

    Lets be honest, if any deal falls through because of Ashley in any way then the proverbial will surely hit the fan…the last straw for fans. Ashley must know this and while he will obviously want as much as he can get, even he must see the stupidity and fan backlash should he stuff things up again.

    • TheNutJob

      it hasn`t hit the fan yet & if the bid may be 80 million short you wouldn`t accept it either

  • TheNutJob

    they are well short of Fatso`s asking price & he won`t sell with clauses either, the guys a pig but when it comes to money he won`t be taken for a ride

  • Peaky Magpie

    When he said “by Christmas “ he never said which one 2017,2018,2019……..

    • Kneebotherm8

      2027 ,another 10 years I fear.

  • Steve Pearce

    The Fat Stinking Bag Of Southern Pus will soon be nothing but a smell of vomit-drenched fireplaces blowing on the wind……

  • Coble’s Return

    Opening bids are there to be rejected. We would have questioned Staveley’s acumen if she had jumped in with the asking price. Ashley’s indignation is to be expected. Much as I despise the odious man, I don’t think I would agree to a relegation clause either. Once the club is sold, it is up to the new owners.

    • HarryHype59

      I think it may refer to points deductions arising from any tax misdemeanor s under fatty’s regime!

  • Leicester Mag

    One of the primary reasons for a relegation clause is the pathetic backing given to Rafa in terms of money in the summer. Ironically penny pinching may cost him. How sad..

    • Leazes Ender

      It sounds like ‘no money for January’ and a later take over.

      • Kneebotherm8

        It sounds like relegation.

        • HarryHype59

          What price the club then?

          • Kneebotherm8

            Nowhere near £300 million,Ashleys a proven gambler,though,with this football clubs well being.
            No signings in January will be a massive gamble if he’s still here.

  • HTL

    ” Mike Ashley ‘furious’ ” just the thought of that has made my day :-),

  • Leazes Ender

    Can’t stand this negativity…..