Monday night brought breaking news of an Amanda Staveley bid for Newcastle United, reported to be ‘in the region of £300m’.
Great news for Newcastle fans that there has been proved to be substance in reported interest in buying the club and various media, including the Press Association, confirmed last night that the club had indeed accepted that a bid had been received.
Mike Ashley was reported to be furious that the bid was claimed to be around £300m, with The Mail (see below) and others revealing that the bid was nowhere near that figure, with also claims of the bid including ‘relegation clauses’.
Tuesday morning has seen The Times (see below) report that Mike Ashley was also ‘disappointed’ that news of any bid had been made public at all.
Very amusing to see such a manipulator/user of the media seeing somebody do the same to him.
It turns out the Amanda Staveley bid was put in last week and quite clearly it is her camp leaking news of the offer, using the media to put the pressure on Mike Ashley.
Nobody wants to see Newcastle United lose any game but the fact the Magpies have won only one of their last seven games certainly doesn’t strengthen Ashley’s hand when bargaining on the price/terms of any deal. if Newcastle had six or seven more points towards Premier League safety from these past two months of football, then the NUFC owner would be sitting pretty.
The Times also say that their sources claim the Staveley offer is ‘take it or leave it’ and with the two sides seemingly so far apart, then to some Newcastle supporters the situation might look hopeless.
However, it is not unusual in any type of business, especially where the two sides are using the media to get their respective messages out, to hear such bluster when the opening shots are being fired in a battle to get the best deal possible.
If the two parties (or indeed a third party joins the bidding) then no reason why a deal can’t be reached, if both sides are committed to a sale/purchase of the club.
The Times – Tuesday 21 November 2017:
‘Sources close to the negotiations suggest that the offer, which was made at the end of last week, is “take it or leave it”, although it remains to be seen whether this is the case.
As of last night, Staveley, 44, was awaiting a response from Ashley’s representatives, who are said to be disappointed that details of the bid have been made public.’
The Mail – Monday 20 November 2017:
‘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.’