Mike Ashley names new asking price for NUFC after rejecting Amanda Staveley’s initial £300m bid

Some big claims from The Times today who understand that Mike Ashley is now prepared to accept a revised price of £350m for Newcastle United after rejecting Amanda Staveley’s incentivised offer in the region of £300m.

Staveley’s initial offer is believed to have been rejected by Ashley since a bid was lodged on Monday, with The Times stating he wants ‘much more than £300million’, however it seems he is willing to compromise, with this new claim suggesting he has dropped his asking price from an alleged £400m/£380m to £350m.

According to The Chronicle, a follow-up bid from Amanda Staveley’s PCP Capital Partners is expected this week, but we’ll have to hope that her offer is far closer to Ashley’s asking price on this occasion to get things moving in the right direction.

From what it’s worth, £350m seems a very decent price, especially when financial expert David Buik recently stated the club is worth ‘at least’ £380m – suggesting Ashley’s new price is more than reasonable.

It’s a potentially promising development, but only if Staveley and PCP are ready to significantly up their initial sub-£300m offer.

Lets hope so!

(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 “Mike Ashley names new asking price for NUFC after rejecting Amanda Staveley’s initial £300m bid

  1. Potential has little value in the business world, and you would go bust very quickly if you traded on potential.
    It is a small factor in a due diligence process which must be based on results and facts.
    Anyone who pays £350m for NUFC wants their head looking at, unless of course they care little or nothing for money.

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  2. Ashley will never sell he is making to much money from the club hence the nondisclosure contracts. Also if he sells the club he will be out if the limelight and his ego couldn’t stand that.

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