Local report offers update on the progress of Amanda Staveley’s bid to takeover at NUFC

The Chronicle have provided a brief but positive update today on the current state of play regarding Amanda Staveley’s potential takeover at NUFC, claiming that they are half way through the due diligence phase, also revealing that the FA are ‘well aware’ of potential new ownership at NUFC and are awaiting a ‘fit and proper person’s test’ on a new owner – commonly known as a sign that a takeover is in the pipe-line!

Crucially, The Chronicle also state that a Christmas sale is very much possible ‘if things continue to progress the way they have so far and there are no setbacks’ – suggesting things ARE going smoothly.

Since Staveley’s interest was made clear and NDA’s were signed, any developments on the deal have been scarce, with reports tending to repeat that things are ticking along in the due diligence phase of the takeover.

This has not always been what us fans want to hear, with us all eager to see a formal bid launched and accepted to really get the ball rolling, but this update from The Chronicle is promising.

They state that the due diligence phase is well on its way, being at the half way stage, with news that the FA have been informed of the intent to change ownership being a real positive sign – with their conducting of a fit and proper persons tests on new owners known to be done at the latter stages of a takeover.



Once the due diligence phase is completed, Staveley and co. must then agree on a price with Ashley. Whilst this is obviously the biggest hurdle to overcome yet, I very much doubt her and her party would spent several weeks checking the clubs books if they knew their offer would fall way short of Ashley’s valuation.

We keep our fingers crossed, but these are positive signs as things appear to be ticking along positively in the background.

Let’s hope good things comes to those who wait!

(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 “Local report offers update on the progress of Amanda Staveley’s bid to takeover at NUFC

  1. This does sound positive. It seems that is genuine, and will happen . Even Ashley couldn’t mess these people around . He would become a pariah within the world of business if he did .

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  2. Why assume there is no negotiation on price until after due diligence? You agree a price to buy a car before you test it out. You agree a price for a house before you get a surveyor’s report and your mortgage company agrees to lend you the money. You renegotiate prices if things are not as expected.

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  3. Still think this has gone too far worldwide this time not to be true. Don’t trust Cashley one little bit, but somehow get the feeling his play thing has run its cause. He would also expose the true Mike Ashley and prove every fatboy doubter right if he does pull another one of his piss taking stunts. Thick skinned and doesn’t care maybe, but look like a tool to the world…I don’t think so.

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  4. Seriously – you think they will meet Ashley’s valuation?

    Also interested to know where you got this idea that Due Diligence is at the half way mark? Pretty impressive considering nobody has a clue how long it will take until its actually over?

    The only thing anyone knows for sure is that a few interested parties have signed NDAs

    And we don’t even know who they are. Because they signed NDAs

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