The Chronicle have provided a brief but positive update today on the current state of play regarding Amanda Staveley’s potential takeover at NUFC, claiming that they are half way through the due diligence phase, also revealing that the FA are ‘well aware’ of potential new ownership at NUFC and are awaiting a ‘fit and proper person’s test’ on a new owner – commonly known as a sign that a takeover is in the pipe-line!
Crucially, The Chronicle also state that a Christmas sale is very much possible ‘if things continue to progress the way they have so far and there are no setbacks’ – suggesting things ARE going smoothly.
Since Staveley’s interest was made clear and NDA’s were signed, any developments on the deal have been scarce, with reports tending to repeat that things are ticking along in the due diligence phase of the takeover.
This has not always been what us fans want to hear, with us all eager to see a formal bid launched and accepted to really get the ball rolling, but this update from The Chronicle is promising.
They state that the due diligence phase is well on its way, being at the half way stage, with news that the FA have been informed of the intent to change ownership being a real positive sign – with their conducting of a fit and proper persons tests on new owners known to be done at the latter stages of a takeover.
Once the due diligence phase is completed, Staveley and co. must then agree on a price with Ashley. Whilst this is obviously the biggest hurdle to overcome yet, I very much doubt her and her party would spent several weeks checking the clubs books if they knew their offer would fall way short of Ashley’s valuation.
We keep our fingers crossed, but these are positive signs as things appear to be ticking along positively in the background.
Let’s hope good things comes to those who wait!