North-East reports offer key update on Amanda Staveley’s competitors in the NUFC takeover race

It had been reported several weeks ago that Amanda Staveley and PCP Partners were not the only interested party to have signed non-disclosure agreements, signalling serious interest in buying NUFC, however The Chronicle have now revealed that interest from ‘other groups’ has faded away, with Staveley and co. now deemed the clear frontrunners.

News arrived at the end of September that a ‘number of parties’ (one of which being a Chinese consortium) had signed non-disclosure agreements with Mike Ashley – allowing them to examine the club’s books, ahead of any potential offers for the club.

News on that front went quiet for a spell (as you’d expect given the nature of NDA’s), but it has been Amanda Staveley and her PCP Partners group that has emerged as the main contenders after they entered the due diligence phase recently.

The Chronicle have not only revealed that her party are currently carrying out a ‘thorough review of the club’s history books and finances including past transfer dealings and sponsorship agreements’, but have also admitted that interest from other groups is now starting to ‘fade away’.

Whilst the above shows that Staveley’s interest in buying NUFC is serious and moving along well, it places even more emphasis for that deal to go through – with other parties appearing to have cooled their interest in the process.

Hopefully we see some progress on this soon to ease our nerves – especially when Ashley’s exit could be hinging on Staveley’s takeover given other interest has faded.

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About Olly Hawkins

Olly has been a Junior Magpie from birth. As a season ticket holder and avid Newcastle United fan - he eats, sleeps and breathes all things NUFC.

3 thoughts on “North-East reports offer key update on Amanda Staveley’s competitors in the NUFC takeover race

  1. You have to wonder why these other mysterious groups have lost interest. Presumably PCPs interest is serious, or it would have been denied by now but why do they need to trawl through books back 27 years. Sounds a bit over the top to me. Also what keeps popping into my mind is that HMRC still have the books. Got to wonder what is going on


  2. So we are potentially short of 80 million to get shot of Ashley? Any chance that some big Geordie names can join Amandas consortium to pay the balance…just a thought?


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