As revealed by the Chronicle, Amanda Staveley and the Reuben Brothers – the rumoured financial backers behind her bid for NUFC – have just combined to pull off a business deal in the States, suggesting they could yet work together to reignite her effort to buy Newcastle United.
After reports played down their involvement in January, the Chronicle have revealed that the Reuben family DID agree to financial terms to support Staveley’s bid to buy the club from Mike Ashley last year, with all three of Staveley’s rejected bids coming in November.
Whilst any new bid to buy NUFC will almost certainly have to wait until the summer, it is promising to see that Staveley and the Reuben Brothers have since worked together – highlighting that their relationship must remain strong and showing that the pair are active and more than capable of pulling off a significant financial deal.
The Chronicle state that the deal was carried out by Staveley (on behalf of PCP) and it is claimed to have been one worth $200million – here’s a snippet from their latest piece on the matter, highlighting why this could be good news for NUFC fans:
‘The deal not only shows that there remains an excellent rapport between Staveley and the Reuben Brothers but sources close to the deal suggest that their interest in buying Newcastle United is still intact.
‘Last week, there were suggestions that the drop in TV revenue, following the announcement of new rights packages, means that Staveley’s valuation of £250million was accurate when factoring in the new figures.
‘Ashley had initially wanted £350million for Newcastle, but no other bidder has came up with a fresh bid since both the Toon owner and Staveley hit the headlines in the middle of last month when the Sports Direct magnate suggested via Sky Sports talks had been a waste of time.
‘And while there is still no fresh bid on the table, Staveley’s work with the Reuben Brothers offers some hope that the situation will be reassessed in the coming weeks and months.
‘Staveley has known the Reuben Brothers for 15 years and they already have property interests in the city of Newcastle including Newcastle Racecourse.’
What can we take from this? Well, whilst it may not prove that the Reuben brothers will now reignite their efforts to back Staveley in her attempt to do a deal with Mike Ashley, it’s an indicator that the money is there and that her and her financial backers are continuing to work together.
She has made it clear that she isn’t going anywhere as far as her interest in buying Newcastle United is concerned. Lets hope her financial backers are on the same page. They’ll need to be, with her current bid being lower than Ashley’s asking price.