Some revealing information has been shared today by Reuters – a reliable business news agency based in London – who have revealed that Amanda Staveley’s investment firm are interested in bidding $400m (£303m) to take Newcastle United off Mike Ashley’s hands.
The report also claims that Staveley believes a sum of ‘£150m’ would be ‘needed’ to invest in players over the next ‘two years’.
These are two pieces of significant information, so it is worth mentioning Reuters is one of the most highly-respected news agencies in the world. Their information is unlikely to be unfounded, making these new details all the more interesting.
If ever there was a source to believe, it’s Reuters. Really, really hope she and her middle eastern backers buy it! https://t.co/WSMgxGGAel
— David Moat (@DavidMoat) October 18, 2017
Here’s the full article:
‘PCP Capital Partners, the investment firm run by British businesswoman Amanda Staveley, is interested in bidding around $400 million (£303.7 million) for Newcastle United after owner Mike Ashley put the Premier League club up for sale on Monday, according to a source familiar with the matter.
Speculation over Staveley’s interest in the St James’ Park club was sparked when she was seen at the ground watching a match earlier this month against Liverpool, another club she has been linked with buying in the past.
PCP Capital, which acts for investors in the Middle East and China, is one of four potential bidders for the club, the Financial Times reported on Tuesday. PCP is best known for acting as an intermediary between Barclays (BARC.L) and a group of Abu Dhabi investors during the 2008 financial crisis, helping the British bank avoid a government bailout.
Newcastle United did not respond to requests for comment.
PCP, which has not yet put in an offer for Newcastle United, believes the club is worth around 300 million pounds with a further 150 million pounds needed to invest in players over the next two years, according to the source, who spoke on condition of anonymity because the deal is not public.
The club has said they were willing to listen to offers that would be capable of “delivering sustained investment” towards achieving their ambitions in the top flight.’
All sounds very promising. Over to you, Mike.