Newcastle receive bid from Amanda Staveley

Mike Ashley waits on second bid for Newcastle			
   by Ann Jones 

Amanda Staveley's PCP Partners reportedly table a £300m offer to buy Newcastle United. This came after more than two months of negotiations.

It is exactly 50 days since she attended the Newcastle v Liverpool match and was first introduced to Mike Ashley's representatives at the club.

PCP's funds come via a combination of Staveley's own equity, as well as from their investors - mainly made up of Middle Eastern investors.

To date PCP's lawyers have not heard back from Mr Ashley's lawyers regarding the bid but there is no deadline fixed to the bid.

Staveley, 44, was in the stands earlier in the season when Newcastle hosted Liverpool.

Newcastle receive bid from Amanda Staveley
Newcastle receive bid from Amanda Staveley

The move could go through by the end of the year, which would be very welcome news for Newcastle manager Rafael Benitez.

Newcastle now lie eleventh in the Premier League, but after a quality start to the season, the Magpies have lost their last three league games.

Ms Staveley's track record in both finance and football could encourage Newcastle supporters that her potential arrival as the club's owner will herald a new era of stability on Tyneside.

Amanda Staveley played a key role in Sheikh Mansour's takeover of Manchester City in 2008.



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