Amanda Staveley

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

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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.

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Newcastle takeover bid moves closer

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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.