After Mike Ashley pulled the plug on talks for their proposed takeover of NUFC, sources close to Amanda Staveley and PCP have since admitted that they learnt the deal was off via the media – claiming their official offer was submitted in NOVEMBER and they have not been contacted by NUFC regarding a deal being off!
The Chronicle claim that Staveley is ‘devastated’ at the collapse of PCP’s takeover bid and shocked to have learnt the news via media – opposed to St James’ Holdings (the official group tasked to sell the club).
Disgraceful. This is absolutely typical of NUFC under Mike Ashley and an utter lack of professionalism from the club.
Here’s what sources close to Staveley and PCP Capital Partner’s people have told the Chronicle:
Sources close to PCP Capital Partners and Amanda Staveley learned the deal was off via the media. No contact from #nufc – and they insist a bid DID go in back in November.
— Lee Ryder (@lee_ryder) January 16, 2018
Fancy that. Months of talks and due diligence from serious bidders (Staveley and PCP) and it all ends like this. Some are saying it’s brinkmanship from Ashley, but this kind of behaviour burns bridges if you ask me.
It is being reported by Sky that their initial bid was £250m with a series of caveats and clauses (which was rejected by Ashley), however it is clear that major developments have not arrived since then. Sky’s Pete Graves states here that the two parties remain ‘miles apart’, hence Ashley’s decision to pull the plug:
Initial bid of 250m was loaded with caveats and clauses and was deemed unacceptable by MA. Since then developments have not been forthcoming. Club remains for sale but the 2 sides remain miles apart. Really disappointing development for fans. Latest on @SkySportsNewsHQ #nufc 2/2
— Pete Graves (@PeteGravesSky) January 16, 2018