NEW: Reliable Abu Dhabi source claim Amanda Staveley & PCP have submitted a SECOND bid to buy NUFC

The Middle East’s leading English-language news service, ‘The National’, has revealed some potentially significant news regarding Amanda Staveley’s takeover attempts at NUFC, claiming her PCP Capital Partners group have submitted a SECOND offer of ‘under £300m’ – a one-time payment that would not contain instalments or clauses.

Given NDA’s have been signed, any updates on the takeover front are often taken with a pinch of salt, and rightly so (to an extent), however this does come from a trusted source in Abu Dhabi – and a news service that forecasted Staveley’s initial offer before it was shared by the English media.

They state that ‘negotiations are delicately poised’, however the details of this alleged second offer could be significant.

It was understood that Ashley was unhappy with the several clauses put in place following PCP’s opening offer, however this bid does NOT appear to be incentivised – suggesting the one-off, up-front payment would allow Ashley to take his £300m and get out quick.

Here’s a snippet from The National’s revealing report on the matter today, stating that Staveley’s offer was actually £350m – but contained several clauses; meaning Ashley was never likely to receive anything like that figure:

‘Mr Ashley wants a sale by Christmas but rejected an initial bid of £350 million, in instalments over three years, because it contained clauses linked to the possibility of the club’s relegation and the outcome of a tax investigation that would have affected the valuation of the club.

‘A second offer, a one-time payment of under £300 million, has been made by PCP Capital Partners and negotiations are delicately poised.’

It may seem a lower offer (if true that is), but don’t let that fool you. An up-front payment with no clauses or compensation is a deal that could well appeal more to Ashley than the initial incentivised one.

A potentially significant development. See below to read the full-story:

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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.

4 thoughts on “NEW: Reliable Abu Dhabi source claim Amanda Staveley & PCP have submitted a SECOND bid to buy NUFC

  1. This is so funny. Having lived here for 35 years I’ve never heard the words “Abu Dhabi” and “reliable” in the same sentence.


  2. What do you mean, 300 million MAY seem like a lower offer than 350 million?

    It SEEMS 50 MILLION lower.

    I somehow dont think Ashley will fall for this cunning plan.


  3. To be honest Rafa can make this deal happen by threatening to resign if he isn’t backed with transfer funds in January. If he was to leave the attractiveness of the club and subsequently the value decreases. Stressing the need further if we don’t see investment in the transfer window we must face the reality of being relegated- the team isn’t good enough to stay up. The teams struggling around us have quality and game changers and then the finance to turn things around in January. If Mike Ashley is interested in selling he would cut and run otherwise he is ultimately playing roulette and hoping for an unrealistic price.

    Unfortunately this won’t happen and this great club faces the real prospect of relegation and the loss of Rafa.


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