Following the big news that Amanda Staveley has made am official bid to buy Newcastle United, it has now been revealed by several sources (one being Sky Sports) that her offer is understood to be less than the £300m that was being reported – with fears that this opening offer could in fact be ‘well short’ of Mike Ashley’s asking price.
Club sources and Sky Sports News both broke that an offer had been lodged by Staveley and PCP Partners, and whilst it was initially reported to be £300m, sources close to the club have told Sky News that the bid is believed to be LESS than that figure.
Here’s some insights from Sky Sports’ Keith Downie, The Telegraph’s Luke Edwards and North-East correspondent Craig Hope:
Sources close to Newcastle United have told us that the £300m bid being reported is inaccurate. This could drag out…
— Keith Downie (@SkySports_Keith) November 20, 2017
My hope is this is just a bargaining tactic and a second bid follows. Ashley is willing to compromise on asking price but won’t sell on the cheap. He has made this clear throughout
— Luke Edwards (@LukeEdwardsTele) November 20, 2017
Amanda Staveley & PCP Capital Partners HAVE made an offer for NUFC, but I understand it is LESS than £300m. It would appear there is a little way to run on this.
— Craig Hope (@CraigHope_DM) November 20, 2017
As mentioned above, it seems unlikely that Ashley would accept such an offer given his alleged £400m valuation when he first put the club on the market, however there is clearly a willingness to do a deal on both ends.
Does anyone ever put in their top offer when negotiating? This one is just getting started I’d imagine..