Reliable source reveals the amount Amanda Staveley IS now willing to pay for NUFC & invest in players

Some revealing information has been shared today by Reuters – a reliable business news agency based in London – who have revealed that Amanda Staveley’s investment firm are interested in bidding $400m (£303m) to take Newcastle United off Mike Ashley’s hands.

The report also claims that Staveley believes a sum of ‘£150m’ would be ‘needed’ to invest in players over the next ‘two years’.

These are two pieces of significant information, so it is worth mentioning Reuters is one of the most highly-respected news agencies in the world. Their information is unlikely to be unfounded, making these new details all the more interesting.

Here’s the full article:

‘PCP Capital Partners, the investment firm run by British businesswoman Amanda Staveley, is interested in bidding around $400 million (£303.7 million) for Newcastle United after owner Mike Ashley put the Premier League club up for sale on Monday, according to a source familiar with the matter.

Speculation over Staveley’s interest in the St James’ Park club was sparked when she was seen at the ground watching a match earlier this month against Liverpool, another club she has been linked with buying in the past.

PCP Capital, which acts for investors in the Middle East and China, is one of four potential bidders for the club, the Financial Times reported on Tuesday. PCP is best known for acting as an intermediary between Barclays (BARC.L) and a group of Abu Dhabi investors during the 2008 financial crisis, helping the British bank avoid a government bailout.

Newcastle United did not respond to requests for comment.

PCP, which has not yet put in an offer for Newcastle United, believes the club is worth around 300 million pounds with a further 150 million pounds needed to invest in players over the next two years, according to the source, who spoke on condition of anonymity because the deal is not public.

The club has said they were willing to listen to offers that would be capable of “delivering sustained investment” towards achieving their ambitions in the top flight.’

 

All sounds very promising. Over to you, Mike.

(Fancy writing for us? Send any articles/ideas over to us at [email protected] & we’ll get back to you!)

About Olly Hawkins

Born in Gateshead, Olly was a Junior Magpie from birth. As a season ticket holder and avid Newcastle United fan – he eats, sleeps and breathes all things NUFC.

5 thoughts on “Reliable source reveals the amount Amanda Staveley IS now willing to pay for NUFC & invest in players

  1. Reality Check…..£150m over 2 years, is £35m per window, which is what top teams spend per player..
    This investment might bring us in line with Stoke and Southampton, but still way behind the big boys including Everton and Leicester…Just saying.
    Better off with the Russian fella who wants to compete with Abramovich.

      (Quote)

  2. BillytheFish:
    Reality Check…..£150m over 2 years, is £35m per window, which is what top teams spend per player..
    This investment might bring us in line with Stoke and Southampton, but still way behind the big boys including Everton and Leicester…Just saying.
    Better off with the Russian fella who wants to compete with Abramovich.

    Couldn’t have said it better 150 just simply isn’t enough, would rather want the Brooklyn Nets owner

      (Quote)

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