Amanda Staveley

Photo by Shaun Botterill/Getty Images

Hopeful Newcastle buyer Staveley: Offer still on the table

2 Comments

Newcastle United owner Mike Ashley is probably happy that his for-sale club is away this weekend, even though his side’s up against Manchester City.

[ MORE: Top PL storylines — Week 24  ]

That’s because hopeful buyer Amanda Staveley has responded to claims that her hopeful takeover of the team won’t be happening any time soon.

Talks had stalled, said Tuesday reports, much to the chagrin of an #AshleyOut brigade that at times can make Arsenal’s #WengerOut brigade look like a yard full of happy puppies.

A “source” had said, “Attempts to reach a deal have proved to be exhaustive, frustrating and a complete waste of time,” but Staveley shot back on Thursday to reignite the fire. From the BBC, taken from The Times:

“Our bid remains on the table. This is an investment, but it has to be a long-term investment. Newcastle would be run as a business, but we want it to be a successful, thriving business that is an absolutely integral part of the city.”

She also said that popular manager Rafa Benitez is integral to her interest in the team, and that fact combined with her insistence that an offer remains on the table will have many Newcastle fans seething with current ownership (and there have been protests for years). It’s Ashley’s move now.

Report: Newcastle sale talks between Ashley, Staveley collapse

Photo by Steve Bardens/Getty Images
1 Comment

Talks between Mike Ashley and Amanda Staveley over the much-desired and -rumored sale of Newcastle United are off, according to a report from Sky Sports and various other UK news outlets.

[ MORE: Tuesday’s transfer rumor roundup | Friday | Thursday ]

Sky has quoted a source close to Ashley as having said: “Attempts to reach a deal (with Staveley) have proved to be exhaustive, frustrating and a complete waste of time.” (Full quote below)

Ashley, the club’s current and long-beleaguered owner, has been seeking a potential buyer since putting the club up for sale back in October. Staveley emerged as the front-runner (the only runner, perhaps) in the days following Ashley’s announcement, and reportedly tabled an offer of $335 million in early December before reportedly offering something closer to $400 million a couple weeks later.

Ashley selling the club — and doing so before the end of the January transfer window, which now appears nigh impossible — appeared to be one the few scenarios in which Rafa Benitez would remain the Magpies’ manager beyond the end of the current Premier League season (Newcastle currently sit 15th, just three points clear of relegation) after constant rumors of his discontent and lack of financial backing last summer.

Report: Newcastle sale closer after improved bid of $400 million

Photo by Richard Heathcote/Getty Images
Leave a comment

The Geordie dream appears one giant step closer to reality after Amanda Staveley has reportedly made a significantly larger bid in her attempt to purchase Newcastle United from long-embattled owner Mike Ashley.

[ TIMELINE: Ashley puts club up for sale | Staveley’s first bid rejected ]

According to multiple reports out of the UK — the Telegraph offers the most information at this time — Staveley has increased her initial offer from $335 million to today’s $400-million figure which is expected to be enough to convince Ashley to accept and bring to an end his decade-long, rocky relationship with the Toon Army.

Ashley purchased the club for $177 million back in 2007 and has reportedly invested somewhere in the neighborhood of another $177 million, in the form of interest-free loans, during his stewardship. He stands to make a sizable profit in light of today’s reports, though his original asking price of $534 million is nowhere close to being met.

[ STREAM: Newcastle host Everton — Wednesday, 2:45 p.m. ET ]

The biggest question which remains — now that will he or won’t he sell? appears to have been answered — is how quickly the deal can be completed, thus allowing Staveley to back manager Rafa Benitez during the January transfer window. Once the two sides enter into deeper takeover talks and the process of transferring ownership from one to the other begins, a transfer embargo will be activated.

Benitez and Ashley traded verbal jabs over the club’s transfer dealings — or, lack thereof — in the summer, and the Spaniard has again this week insisted significant investment is needed in January, otherwise the Magpies could very well be relegated, once again. After a strong start to the season, Newcastle are winless in their last seven Premier League games (six losses) and have tumbled to 16th in the league table, now just two points clear of the relegation zone.

Report: Takeover bid would put $660m in Newcastle transfer kitty

Photo by Michael Regan/Getty Images
1 Comment

When the summer transfer window closed, there were rumors that Rafa Benitez, furious with Newcastle owner Mike Ashley’s refusal to live up to his war chest promises, would leave the Northeast regardless of what it meant for his checkbook.

Now, Benitez may get a huge pay-off and stay at Newcastle United.

[ RECAP: Newcastle 1-0 Palace ]

Ashley has reportedly put the Premier League club up for sale, and one of the biggest names mentioned is Amanda Staveley. She’s helped organized takeover bids for Manchester City and Liverpool and, like most prospective owners, has plenty of money.

And, as if to get the Magpies support even more excited at the prospect of new blood in the ownership seats… From The Express:

While Staveley who controls around £30 billion of capital through her PCP Capital Partners firm also advised a group Dubai-based investors during a bid to buy Liverpool.

And Benitez will be given substantial funds on new players as much as £500 million in the next two transfer windows to turn Newcastle into title contenders.
Putting those figures into dollars lends an interesting perspective to how much money and prestige there is in football, in particular the Premier League. Staveley is said to have a hold on $40 billion — for an American angle, that’s more than 13 times the president’s net worth — and is ready to provide almost $660 million in investiture.

Follow @NicholasMendola

Newcastle takeover bid moves closer

Getty Images
Leave a comment

Newcastle United fans are getting very, very excited.

PCP Capital Partners, led by Amanda Staveley, have signed a confidentiality agreement with the club’s owners after Mike Ashley put the club up for sale earlier this week

Ashley is said to value Newcastle at over $520 million, while Staveley is said to believe the club is worth close to $395 million, so there is plenty of negotiating still to happen but things are heading in the right direction.

In a statement on Monday Ashley said he would allow any potential buyer to pay the overall transaction fee in installments, while he also wants a buy to be completed by the end of December.

Who is Staveley?

She was seen at a Newcastle vs. Liverpool game at St James’ Park earlier this month as speculation was rife that a new owner was being lined up to buy Newcastle. That is indeed the case and Staveley, 44, is now able to look over the finances of the club exclusively.

Staveley oversaw the purchase of Manchester City by Abu Dhabi United and also lined up a deal for Liverpool to be bought by Dubai International Captial which fell through in the past.

Her close links to the Middle East has seen her become one of the most prominent British businesswomen in recent years and she currently manages over $34 billion of wealth globally. Staveley and her investors are said to be interested in buying several Premier League clubs.

Ashley’s lawyer, Andrew Henderson, released a statement on Thursday stating several other parties have inquired about buying the club since the announcement came that they were up for sale.

“Since Monday, a number of additional parties have come forward which we believe to be credible. We are also continuing to engage with a number of parties with whom we had entered into negotiations prior to Monday’s announcement.”

Things are moving very quickly for Newcastle’s fans as they thought they’d never get rid of much-maligned owner Ashley who is a lifelong fan of the club and bought them in 2007.

After two relegations from the Premier League (followed by instant returns to the PL on both occasions) Ashley has been accused of failing to spend money on the playing squad and realize Newcastle’s full potential as they challenged for the Premier League title on numerous occasions during the 1990s.

With Rafael Benitez getting the most of his squad and the Magpies sitting in the top 10 of the PL as things stand, the future is looking bright for Newcastle with plenty of investment expected if this sale does go through to Staveley or those she is closely connected with.