Financial expert tells Sky Sports why Staveley was ‘trying it on’ with her opening bid & reveals fair price

According to financial expert David Buik, Amanda Staveley was ‘trying it on’ with her opening bid of around £300m to buy Newcastle United, admitting that the club is in fact worth ‘at least’ £380m.

Staveley’s opening offer is believed to have been incentivised and fell just short of the reported £300m figure, but it appears to have been swiftly rejected by Ashley.

According to The Chronicle, the two parties remain in negotiations and a second offer could be submitted later this week, however financial expert David Buik has since admitted that the initial offer was cheeky of Staveley and PCP.

Here’s what he had to say when appearing on Sky Sports today, suggesting that the alleged clause for her to be compensated if we were relegated was her ‘trying it on’, with him believing that the we are a ‘wonderful club’ to own – but worth a minimum £380m:

“Amanda Staveley and her advisors are trying it on because everybody knows the differential in terms of finance of being in the Premier League and being in the Championship.

“I think, also, she is trying it on with £300 million. If I was Mike Ashley, his club is in the best possible catchment area, and it is worth, in my opinion, at least £380 million.”

“People need to remember that with that there is possibly £129 million, maybe even more, debt.

“Ashley paid £130 million ten years ago, and OK he is making a little bit of a profit, but Amanda Staveley doesn’t deal with what I call rank and file people, she deals with people who are extremely rich, who have plenty of money to spend.

“They are not going to spend it unwisely, but if you really want to make a difference in the Premier league, you have to step up to the plate.”

An interesting insight from Buik here – a well informed financial pundit who works for the BBC. It is interesting to see him say we’re worth at least £380m when Ashley has apparently revised his price to £350m, however.

He’s clearly aware of how much we could thrive if new owners were in place, but suggests that her offer would have to be upped significantly if Ashley is to actually part with NUFC.

(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.

3 thoughts on “Financial expert tells Sky Sports why Staveley was ‘trying it on’ with her opening bid & reveals fair price

  1. Wish i could afford to turn down a £40 million profit,ashleys a muppet and is starting to pee alot off supporters off,world class manager,but refuses to back him,c’mon Amanda Staveley,get the fat cockney out,PLEASE.

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  2. Ten years of Ashley is enough for me. We’ve seen the likes of Dennis Wise, Joe Kinnear and 2 relegations. Selling our best players for a profit etc. I think 300 million is a fair offer considering the inflated price on players these days. I think our squad is below average to compete at PL level. I dread to think of Ashley being here any longer.

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