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The Times : Improved £300m bid, outline agreement with Ashley, Rafa Benitez essential to any deal

1 year ago
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An interesting Newcastle takeover update on Wednesday.

Always worth taking notice when it is George Caulkin of The Times delivering the news.

He says that Amanda Staveley and her group would ‘walk away’ from any deal for Newcastle United if Rafa Benitez left the club.

Caulkin says that the United boss is seen as an ‘integral’ part of their plans if they manage to get control.

This is simply common sense for the vast majority of Newcastle fans, just a shame that Mike Ashley hasn’t appreciated Rafa’s value, or else the club wouldn’t find itself in relegation trouble.

Constantly undermining his manager and misleading him ahead of transfer windows, as well as failing to invest properly by the end of this summer’s transfer window.

However, George Caulkin says that there is hope, with Amanda Staveley’s group said to have ‘submitted an improved £300 million bid and have formulated an outline agreement with Ashley’.

Now in the 11th year of Mike Ashley the club has suffered not just at first team level but also with a severe lack of investment below the senior squad.

However, The Times’ man in the north east says that if they take control, the prospective owner(s) ‘wants him (Rafa Benitez) to lead improvements at Newcastle’s academy and training ground, as well as challenge in the Premier League and cup competitions’.

I don’t think there is any doubt that the club needs a shake up from top to bottom, both on the playing side (at all levels) and the business side, with astoundingly commercial and matchday revenues no higher than when Mike Ashley took over more than a decade ago.

The only significant increase has been seen in broadcasting income (which all PL clubs benefit from), making it even harder for the club to compete in the Premier League.

Many Newcastle fans now doubt that a Newcastle takeover is possible during this season, until there is first clarity on which division NUFC will be in next season, though we all hope we will be proved wrong on that front in the very near future.

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