Takeover latest: Two key factors holding up the deal & answers following an alleged ‘second bid’

Following claims from the Middle East last week that a SECOND bid has been submitted by Amanda Staveley and PCP, The Chronicle have suggested that NO second offer has been received as of yet – claiming that the threat of relegation and ongoing HMRC investigation are factors holding up a potential deal.

As we all know, Staveley and her PCP group submitted their initial bid  two weeks ago, however that was quickly rebuffed by Ashley – with those involved in the deal left frustrated that details of the bid had been leaked.

Considering NDA’s have been signed, it is understandable that both sides would want things kept behind closed doors, and this could explain why things have gone quiet in the press ever since?

Nevertheless, following some big claims last week on a second bid and growing unrest from NUFC fans itching to see a takeover be completed, The Chronicle provided the following recap on the current state of play – as they understand it to be anyhow:

  • Reports in the Middle East this week suggested PCP had submitted a second bid to Mike Ashley

  • We understand, despite the reports in the Middle East, that NO second offer has yet been received

  • Staveley and PCP remain interested in buying the club

  • The threat of relegation and the ongoing HMRC investigation are factors in Staveley’s negotiation on the price

  • There are still three others who have signed non-disclosure agreements, though

 

With a huge emphasis having been placed on new owners being in ahead of the January transfer window, the apparent slow progress of any possible takeover isn’t filling us with too much hope on that front.

The Chronicle admit in their full article on the latest state of affairs that ‘the chances of a takeover by Christmas now look extremely thin.’

Frustrating to here, but it was always a race against time. Providing we can stay up, we may have to hope Staveley and co. are in place for the start of next season at this rate?

We shall see..

(Fancy writing for us? Send any articles/ideas over to us at NUFCblogsubmissions@gmail.com & we’ll get back to you!)

 

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 “Takeover latest: Two key factors holding up the deal & answers following an alleged ‘second bid’

  1. Here’s what will happen:
    Takeover failed
    Ashley does not want to spend money to buy players in the January transfer market.
    Newcastle will be relegated.
    Benitez will leave.
    Newcaslte prices will drop below £ 150million.
    It took 5 years, maybe 10 years, maybe even Newcastle will not be able to return to the premier league.

      (Quote)

  2. Mike Ashley does not want to sell and that interview he did for sky sports was a diversion plan so he can continue to pocket money from our the club and to set expectations for the fan’s at a all time low

    He did not expect any party to actually be interested, we really need them to buy us out because the future is not bright under Mike Ashley and if January transfers goes wrong we will loose Rafa and end up stuck in the same situation Sunderland

      (Quote)

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