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Sky Sports reveal that relegation clause remains in new Amanda Staveley offer for Newcastle United

4 years ago

Wednesday afternoon brought breaking news of an improved Amanda Staveley offer for Newcastle United.

Sky Sports and various newspapers reported the news/story almost simultaneously, suggesting they had been briefed by somebody in the know.

There had been a stand-off with Amanda Staveley said to have offered £250m and Mike Ashley holding out for at least £300m.

Wednesday’s story claimed that the offer had been increased to around that £300m mark and maybe perhaps just as importantly, certain clauses had been removed as part of this new offer.

However, on Thursday night, Sky Sports are now reporting that whilst a new offer may well have been made it does NOT have the problematic relegation clause removed.

This would potentially see Mike Ashley having to compensate the successful bidders if Newcastle ended up being relegated this season.

One point from twenty four and successive home defeats to Leicester and Everton have hardly helped the process and with Arsenal and West Ham away, then Manchester City at home, there is a real possibility that Newcastle (currently only one point off second bottom) will shortly be in that relegation zone. One of the perils of trying to sell a club mid-season being that a fear of relegation can play such a big part in any negotiations.

Here’s hoping there is no delay in agreement being reached as this squad needs significant strengthening ASAP.

The Mag – 13 December 2017:

Breaking news on Wednesday lunchtime is that Amanda Staveley has increased the £250m offer to around the £300m mark and a Newcastle takeover is imminent.

Sky Sports have announced the imminent deal and various newspapers/media (Mail, Mirror, Independent etc) have also stated the same.

Suggesting that this is the result of a briefing and we are at last set to be released from the grip of Mike Ashley.

It’s reported that as well as the raised bid to around that £300m mark, certain clauses that Ashley wasn’t happy with have been removed, presumably the main one being compensation due if relegation happens this season.

The Amanda Staveley bid is also said to include a willingness to help fund January spending.

With a deal taking time to finally sign off totally, the reports say that Mike Ashley will fund Newcastle’s January spending but then be reimbursed by PCP Partners (Staveley’s company).

It is claimed that this arrangement should give Rafa Benitez some £30m to spend in January.

Previous reports had suggested February as the earliest a final deal could be concluded and the end of January is the timing for that in this latest welcome update.

On Tuesday, Rafa Benitez had yet again expressed his concern about the state of affairs concerning transfers.

The Newcastle boss saying he still had no idea how much, if anything, he would have to spend in January.

Hopefully this deal will now be quickly concluded AND we see a concerted effort by team, fans, manager, tea lady…to get the three points against Everton and make the relegation talk quickly recede.


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