North-East correspondent reveals grim takeover update in NUFC ‘exclusive’

According to the Telegraph’s Luke Edwards, the NUFC takeover has ground to a halt, with Amanda Staveley having not been in contact with Mike Ashley since the start of December –  having made no attempt to revive her bid to buy the club.

It’s been a whirlwind few months , but looked like ending in tears just a few weeks ago as Mike Ashley pulled to plug on talks with Staveley and PCP Capital Partners.

Since then, Amanda Staveley has made it clear that she will not walk away from the deal, stating the she is not a time waster and has definite plans to buy the football club, however the Telegraph’s north-east reporter Luke Edwards has now suggested that no progress is being made.

As she revealed in her big interview with George Caulkin last month, she and PCP had three bids rejected in November, but but they are yet to return to the table for talks, never mind submit a new improved offer.

One thing I will say is this. Yes it’s unideal to hear that the deal may be ‘grinding to a halt’, however I don’t know why Staveley would be submitting another bid? We’re submerged in a relegation fight, therefore any offer she’d put together would almost certainly account for that – and this is clearly something Ashley is not interested in compromising on.

We’ll be with Ashley until the end of the season. He’s risking us staying up in the hope that he’ll then get his full price for the club if we do so.

Let’s just hope that all happens and Staveley returns with an acceptable offer once relegation is no longer an immediate obstacle.

(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.

2 thoughts on “North-East correspondent reveals grim takeover update in NUFC ‘exclusive’

  1. I doubt very much that Mike Ashley has (or ever had) any real intention of selling the club. He will be fully aware the new tv deal is coming soon which will undoubtedly increase from the huge current amount. Don’t expect anything to change for a few years yet as this bloke will continue to run the club as cheaply as possible while he takes the profits. Relegation is a risk worth taking as far as he is concerned as he knows promotion is a viable option afterwards.

    He has no ambition for the club other than as a vehicle to advertise his tat empire!


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