The Middle East’s leading English-language news service, ‘The National’, has revealed some potentially significant news regarding Amanda Staveley’s takeover attempts at NUFC, claiming her PCP Capital Partners group have submitted a SECOND offer of ‘under £300m’ – a one-time payment that would not contain instalments or clauses.
Given NDA’s have been signed, any updates on the takeover front are often taken with a pinch of salt, and rightly so (to an extent), however this does come from a trusted source in Abu Dhabi – and a news service that forecasted Staveley’s initial offer before it was shared by the English media.
They state that ‘negotiations are delicately poised’, however the details of this alleged second offer could be significant.
It was understood that Ashley was unhappy with the several clauses put in place following PCP’s opening offer, however this bid does NOT appear to be incentivised – suggesting the one-off, up-front payment would allow Ashley to take his £300m and get out quick.
Here’s a snippet from The National’s revealing report on the matter today, stating that Staveley’s offer was actually £350m – but contained several clauses; meaning Ashley was never likely to receive anything like that figure:
‘Mr Ashley wants a sale by Christmas but rejected an initial bid of £350 million, in instalments over three years, because it contained clauses linked to the possibility of the club’s relegation and the outcome of a tax investigation that would have affected the valuation of the club.
‘A second offer, a one-time payment of under £300 million, has been made by PCP Capital Partners and negotiations are delicately poised.’
It may seem a lower offer (if true that is), but don’t let that fool you. An up-front payment with no clauses or compensation is a deal that could well appeal more to Ashley than the initial incentivised one.
A potentially significant development. See below to read the full-story:
— Black&WhiteBarmy (@BlackWhiteBarmy) December 1, 2017