Newcastle receive bid from Amanda Staveley

Mike Ashley waits on second bid for Newcastle			
				 
   by Ann Jones 
  Published

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.

Related:

Comments

Latest news

Janet Yellen to leave Fed after successor takes over as chair
Yellen's four-year term as Fed chair ends on February 3, but she could have chosen to remain on the seven-member Fed board. She also touted the economy's gains over the last eight years, noting that 17 million jobs have been created.

Kenyan Opposition Leader Odinga Says Police Responsible for Supporter Deaths
Eventually, Odinga managed to say a few words to cheering supporters from the sunroof of his auto . He boycotted the repeat presidential poll which incumbent President Uhuru Kenyatta won.

Baker Mayfield won't start vs. Mountaineers as disciplinary action
Mayfield was on the sideline after a touchdown and started jawing with a player or players on Kansas' side, then he grabbed his crotch multiple times and uttered some words too uncouth to repeat here.

Lonzo Ball Records Second Career Triple Double In Lakers Win Over Nuggets
To cap off the night, Ball had a game-high 11 assists as the Lakers as a whole had a season-high 36 helpers in the victory. He joined Magic Johnson and Jerry West as the only Lakers to ever record multiple triple-doubles in their rookie seasons.

Support Zimbabweans, Zuma Tells South Africa
Peace in Africa, amongst Africans, must always be the priority of those who love our continent. Numerous assistants had posters asking for the immediate resignation of Mugabe.

Other news