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Exclusive claims second Newcastle takeover bidder has approached Mike Ashley’s lawyers

4 years ago

Thursday night has brought a new exclusive, claiming a Newcastle takeover rival to the Amanda Staveley led bid has emerged.

The Mail say that this rival is using Blackbridge Cross Borders to front their bid and they have now made contact with Mike Ashley’s legal representatives.

The new group claimed to be interested in purchasing the club are said to be based in Dubai and they have been apparently monitoring the situation for some time.

Despite the ongoing Amanda Staveley led interest, The Mail say that this rival group have been very relaxed about it, due to the fact that they believe no sale of the club will go through whilst relegation is still a possibility.

The Mail say that the Amanda Staveley led bid has gone as far as £300m but no agreement reached as to clauses regarding possible relegation, whilst they report that the new group who have emerged, do allegedly have the finance to pay Mike Ashley the £350m he wants.

The newspaper says that they aren’t interested either in trying to buy Ashley out, until the relegation issue is sorted.

As always, you pay your money and take your chance in believing how much substance there is to these rival bidders, plus of course how good the newspaper’s sources are.

What gives it some extra credibility in my eyes, is that the report hasn’t gone over the top in claiming how far along these rival bidders are. It would have been easy to use the cloak of NDAs (non-disclosure agreements) to hide behind and claim that they’d made whatever progress.

Instead, The Mail report that they haven’t done due diligence as yet and haven’t signed any NDA so far.

Instead they are claimed to have been happy to go on the information in the public domain so far, including the annual accounts which are released each year, until allegedly now making their approach and registering their interest via Ashley’s legal people.

The report concludes with a claim that now Mike Ashley is back from holiday, talks will be stepped up towards a potential sale of the club.

As always, here’s hoping.


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