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.

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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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