Mike Ashley has been handed a deadline by Amanda Staveley according to reports on Tuesday morning.

The Times report that the Newcastle United owner has been given until Monday 18 December to accept a one-off payment to buy the club.

The newspaper says that their information is that it is a £250m offer that is on the table as a take it or leave it offer from Amanda Staveley.

Matt Hughes (The Times Deputy Football Correspondent) states that Staveley is now demanding a quick answer because she is worried about running out of time, as the Premier League requires 30 days once agreement has been reached, in order for them to undertake due diligence and ratify the deal.

With a poor run of form dragging Newcastle down to the relegation zone, the newspaper reports that the bidders want to ensure there is enough time to strengthen the team in the January transfer window. The window opens in only 27 days time and closes 30 days after that, meaning there is not a lot of time to play with.

They further report that Mike Ashley had been hoping for a competing bid from elsewhere but rumours a couple of weeks ago of that happening have proved hollow, so the Amanda Staveley bid is said to be the only one on the table.

The Times state that the £250m bid was met with disappointment by Mike Ashley as he was still holding out for £380m but clearly one point from the last 18 hasn’t exactly helped his bargaining position.

Monday night saw former Liverpool Managing Director, Christian Purslow, tell Sky Sports News that it was ‘fanciful’ to think the club would be sold by Christmas and that by the end of the season was a far more likely scenario.

He said that with valuations so far apart and no certainty about which division Newcastle would be in next season, it would be impossible for the two sides to agree a price, until the relegation question was answered. Purslow also said it was far-fetched to believe that a compromise could be reached whereby Mike Ashley would get something closer to what he wanted but also agree to a clause that would see massive compensation paid to the buyers if Newcastle did indeed go down this season.

Stories on Newcastle United tend to carry far more weight if it is George Caulkin, who covers the north east for The Times, is delivering the news.

Obviously claims of Amanda Staveley setting a deadline is an extra/new strand to the story but as always, very hard to tell whether any update is basically just a rehash of what has gone before.

What is for sure is that Newcastle fans are desperate for a deal to be concluded as quickly as possible, as there is very little faith in Rafa Benitez being backed properly in January’s transfer market if Mike Ashley is still here.

Matt Hughes has given a number of claimed updates on the potential deal dating back to October, when he wrote:

“There are three separate groups of potential investors conducting due diligence at Newcastle United in addition to PCP Capital Partners, which is run by Amanda Staveley, who held informal talks with club officials at St James Park last weekend.

“Unlike PCP, the other interested parties have signed non-disclosure agreements and are pushing for a quick deal, ideally before the next Premier League TV rights package is completed in February, which they all expect to have an inflationary effect.

Mike Ashley, the owner, also wants a quick sale as he is keen to avoid an outlay in the January transfer window on an asset of which he is in the process of disposing, having conceded that Newcastle’s squad requires strengthening.”

  • BillytheFish

    That is a big gap…Like me asking £1500 for my Cortina and you offering £900..I might just be insulted enough to not deal with you whatever…Hopefully there are other bidders…..My own view is £250 – £280m is the correct price.

    • MichaelMaximusMoose

      It`s Fatso`s view that counts, he won`t drop £130m

      • Peter Stabler

        If he doesn’t invest he might have to……….

  • MichaelMaximusMoose

    I don`t think there`s a hope in hell of him accepting £250m

    • Toonrobbybobson

      Gets his money back and hes had a decade of free advertising. If club is relegated you can easily half that and I mean easily. He wants out. Hes got a decision to make. He should have ran the club properly he would have gotten more for it.

    • HarryHype59

      Defeats against Leicester and Everton may !make him reconsider!

      • Peaky Magpie

        Those defeats are more probable than possible unfortunately.

  • joe mac

    well…..looks like a non starter then!….dont think fatso takes kindly to ultimatums!..the toys will come out the pram and it will be everybodys fault but his!!

  • Stephen Butler

    game over

  • TubbyMunky

    I’m gonna take this story with a pinch or 3 of salt.

  • Saul Williams

    Oh Jesus!so we are stuck with fatso.

  • Wor Lass

    Rumours of a competing bid “.. have proved hollow..” A bit like the brains of anyone who swallowed that story in the first place. If he really does want to sell and avoid having to shell out in January and still, maybe, get relegated then he has to look at this bid seriously. Rather than a truly “once and for all” bid, perhaps it will be more of a case of Staveley forcing him to be more realistic in his expectations – he isn`t in a position of strength at the minute. No other buyers (other than in the mind of Bishop et al), no star players as major assets, doesn`t own the ground and relegation looking increasingly possible/likely. She`s got him on the run, I reckon.

    • MichaelMaximusMoose

      No, he won`t drop £130m

      • Wor Lass

        I don`t think the £250 mill is her final price – it`s just a way of slapping a bit of cold water in his face. Similar to him putting out rumours that he`s looking for £400 mill. He will have to drop, though, and maybe somewhere around the £300 mill mark could be right.

        • MichaelMaximusMoose

          He`s power mad as he`s proven over 10yrs, it`s his way or no way.
          he may accept £300m there`s no way he`ll take 250m

          • Toonrobbybobson

            His position is weakening though. He might start moving his acceptable price down which is what negotiations are about.

          • Leazes Ender

            You’ve been watching bargain hunt.

          • Rich Lawson

            Just needs Tim to step in and say what the club is worth,but how much it can be bought for today ?

          • Guest 2

            Didn’t get all his own way at Rangers…

        • Leazes Ender

          He does own the stadium…. he hasn’t got it freehold thank goodness or he’d turn it into flats.

  • Waxi

    Where does this information come from. I’m sure a week ago we were told both PCP and Ashley were miffed that the offer price had been leaked but i find it hard to believe they could find out about deadlines for the offer etc.

    • Leazes Ender

      Are you suggesting Journalists make things up?

      • Wor Lass

        Not on the Chronicle! They`ve never had an original idea – they let Sky make it up first.

        • Leazes Ender

          Mark Douglas made up a story about Rafa being in ‘total control’ of transfers….. and Ryder did a doozie entitled…..’94% of fans are right behind you Pards’ and Chris did one about ‘Nothing to lose by going for it in the Cups’….

          ….its basically everything lets face it.

          • Wor Lass

            Ha ha! Too true – but is it “making it up” if they`re truly deluded and actually believe Bishop`s fantasies?

          • Leazes Ender

            Ryder knew about Ashley 10 years ago because Luke Edwards knew about Ashley 10 years ago…. they used the same canteen for a while….

            Luke didn’t like the civet coffee after he discovered it came from Ryders cat.

            Totally differing stances, Ryder has to hold a lot of the blame for these ten years of what can only be described as abject misery.

          • Wor Lass

            Ah, the great Lee – and he did his best to get his mate, Geordie John, the full time gig. The only thing he actually makes up himself are the player rankings after matches that he obviously hasn`t been watching.

      • Waxi

        Spot on leazes this stuff is total guff just click bait. They had us believe we were going to get 500 million to spend in January and the takeover was money no object. If PCP were going to throw 500 million at us i’m sure we would not still be waiting for this deal to have been done and dusted. We will still be at the mercy of the fat controller for a lot longer I’m pretty sure of that. We can still pray though.

      • Peaky Magpie

        They all do,except Ryder -the voice of truth and reason 😁😁😁

  • Leazes Ender

    Its like a hostage scenario…. ‘Pay up or the club gets relegated again’…. so much for the world of high finance…. crooked as a bankers bonus.

  • Toonrobbybobson

    Something is only sorth what the market is willing. Mike Ashleys penny pinching lack of forsight may actually come back to haunt him as its weakened his hand massively.

    • HarryHype59

      Agreed, £250m is a fair price as this teams needs major investment!

      • Leazes Ender

        In my opinion its worth £350m roughly halfway between the two figures.

        • wheyayeman

          Agreed 250m is too low but the money needed to strengthen could be that amount again

  • Carlo Ancelotti

    Ashley`s a gambler & Newcastle is just a game to him, he`s likely ready to roll the dice once more rather than sell for a figure well below his expectations

    • Toonrobbybobson

      For a huge portion of his wealth? Im not so sure this time.

      • Leazes Ender

        He’s got £500m in cash in order to make purchases…. he doesn’t need a huge input….. he’s just purchased a big chunk of prime real estate in Brixton.

      • Carlo Ancelotti

        he lost half a billion when his shares nosedived but he plays the long game he knows they`ll go back up

        • Toonrobbybobson

          Depends… his money might work better elsewhere. Plus this is a marriage of no love

  • Mitros gotta start

    He never had any intention of selling the club…..the whole thing has been a giant smokescreen to take the heat off him for a while…..he is making far too much money in free advertising for his shops full of tat and tv money that he is gonna squeeze every last penny out before he lets go.

    • Leazes Ender

      I wouldn’t start Mitro he’ll injure himself….. you don’t want to do that when you are selling players.

  • HTL

    With the 30 days needed for ratification by the premier league, any deal would have to be sorted very quickly for the new owners to have any control over this January’s transfer window. So thankfully we will find out very soon if this takeover is going to happen.

    • wheyayeman

      Mark my words Its not going to happen in time

      • Jezza

        The words “in time” are redundant.

        • wheyayeman

          Clap clap clap

      • Blackburn1066

        Mark my! Words it won’t Happen.

  • wheyayeman

    If the sale isn’t concluded Rafa will walk.

    • Peaky Magpie

      Yes straight to West Ham when the baroness realises what she’s done hiring Moyes.

  • wheyayeman

    Ashley has plenty of money to buy and develop his other businesses but Newcastle are like the sick man of the Prem. Sell it ffs !

  • TheFatController

    I’ve worked as a negotiator and buyer for 25 years, and have rarely seen such a weak positioning from someone selling publically as Ashley is in currently.

    He wanted to communicate he’s selling without expressing the fact so goes on Sky and says he can’t compete because he had no money, then proves it by not backing his manager with money. He awaits the bids coming in…

    He then decides, as no one has come forward after his ‘subtle’ for sale message, to go public, expecting more than one bid and an auction driving the price up.

    When this doesn’t materialise and he gets one low bid, he then sees his lack of ivnestment in the club devalue it with the expected poor performance on the pitch (despite an experienced manager and hard working but limited team)

    Many assume he hasn’t messed up the whole process and he never intended to sell, but those saying that won’t be aware of how much the legal and financial teams involved for months now will be costing both parties – if he didn’t want to sell neither his teams nor Staveleys would lift a very expensive finger …

    Sometimes even billionaires have to sell things below what they want, even below market value, if the market or the product value is depressed. Staveley seems to be giving Ashley 2 weeks to squeeze as much as he can out of her. I doubt he’ll get much more than what is currently offered…

    • Oooh bobbi fleckman

      Then I don’t think he’ll sell.

      • TheFatController

        I think he might, just because the first rule of investments is ‘it’s not a profit (or damage limiting loss) until you take it’

        That’s why all ads for investments warn you ‘the value of investments may go down as well as up…’

        So if you think the value will go down, sell. Which way is our value headed ? What will Ashley do therefore ?

  • Peaky Magpie

    He will be enjoying every single second of this,his next interview with Sky will probably be aired on Christmas Day the same time as the queen saying those awful people of the north have been calling him nasty names.

  • Monkseaton Magpies

    If it’s the times and good old George or his mates take it with a pinch of salt not a football paper at all think they mentioned that Amanda thought the club was worth three hundred thousand and she was putting a second bit in which is nearer Mikes valuation. Be very surprised if it’s two fifty . In the past the Times have been very critical of Newcastle I have not forgotten and the Guardian and that was in the good years.

    • Guest 2

      Ashley deserves every bit of criticism he gets. Only numpties like you refuse to acknowledge the fact.

  • Leicester Mag

    Maybe if she gave Mikey 13 days colonic irrigation things might get moving

  • HappyToons

    A new owner backing Rafa, or Mike Ashley backing a David Moyes clone with just a few quid to save us from relegation. Which do you want in your xmas stocking

  • S.G.M.

    I really don’t think anyone would be daft enough to give Mike Ashley an ultimatum.