Following a busy morning of takeover talk, Sky Sports News have provided their update on the latest situation at NUFC, stating that ‘significant progress’ is needed over the next week if Staveley and PCP are to be in place for the January – with them keen to do ‘significant business’ in the upcoming transfer window to add to the NUFC squad if a deal can be struck.
The full piece from Sky Sports can be seen below, however we have broken down their story, offering a look at the positives and negatives to take from what they have revealed this afternoon:
Positives
- Sky deny claims that Ashley has been given a two-week deadline to accept PCP’s offer
- The story states that PCP are keen to do ‘significant business’ in the January window with NUFC, with their initial offer taking into consideration what they’d shell out on squad additions this winter.
Negatives
- Sky Sports News understands Ashley values Newcastle at £380m (a BIG different between that & the only current offer of £250m!)
- ‘Significant progress’ needed over the next week if Staveley & PCP are to ‘stand a chance’ of takeover attempts succeeding in time for the January window.
- Sky report that any agreement this week would not be finalised until the latter half of January ‘at the earliest’ (due to the Premier League ratification period needed for takeovers) – meaning a deal would need to be struck ASAP if Staveley could have any influence on January spending.
- Ashley has been aware of PCP’s big for 3 weeks – but, to date, he’s not found it acceptable enough.
Here’s the full piece from Sky Sports this afternoon:
‘Amanda Staveley’s present £250m offer to buy Newcastle needs to make significant progress in the next seven working days if it is to stand a chance of succeeding, Sky Sports News understands.
‘Sources close to the deal have told Sky Sports News that reports Newcastle owner Mike Ashley has been given a two-week deadline to accept PCP Capital Partners’ offer are inaccurate.
‘Sky Sports News understands any agreement this week would not be concluded until the second or third week of January at the earliest, partly because any deal needs Premier League ratification.
‘PCP’s present bid is based on them being able to carry out significant business in the January transfer window.
‘Sky Sports News understands Ashley values Newcastle at £380m having bought the club for £134m in 2007.
‘He has been aware of the PCP bid for three weeks, but to date has found it unacceptable.
‘Newcastle are15th in the Premier League, five points above the relegation zone and without a win in six matches.’
A real mixture here.
It’s probably time we accept that any takeover by January is looking fanciful at best, but with time running out and Staveley and co. clearly keen to get in at NUFC in time for the upcoming transfer window, let’s hope some big strides can be made over the next week to put the wheels in motion.
(Fancy writing for us? Send any articles/ideas over to us at [email protected] & we’ll get back to you!)
