As highlighted in her big exclusive interview in the Times, it has been revealed that Amanda Staveley and PCP Captial Partners have made THREE offers to buy Newcastle United from Mike Ashleys.
Details of each bid from PCP (as quoted from the Times) can be seen below:
- £300m, first bid, November 2: £200m on completion. £50m July 1 2018, £50m July 1 2019 — neither paid in the event of relegation. Benítez to stay as manager. Penalty clauses in the event of HMRC fine.
- £350m, second bid, November 10: £150m on completion. £50m January 1 2020 £50m January 1 2021 £50m January 1 2022 £50m in the event of qualifying for the Champions League. Benítez to stay as manager. Penalty clauses in the event of relegation and HMRC fine.
- £250m, third bid, November 17: £250m payable in full. Benítez to stay as manager. No clauses
The three bids are shown to have been made across November. The first being £300m, the second being £350m and the third being £250m (up front). Whilst all deals included different structures, clauses and caveats, a theme in each was that Rafa Benitez stayed on as manager of NUFC.
Quite incredibly, Ashley claimed that ‘another bidder’ entered the race and were ready to pay his £350m asking price after her three offers were submitted.
After 3 offers were made, MA told PCP "a new bidder" arrived, willing to pay £350m. No word since then. An amateur LIE to up PCP's bid.
— NUFC 360 (@NUFC360) January 19, 2018
Fascinating stuff and further proof that Staveley is NOT the time-waster Mike Ashley made her out to be in his ‘statement’ through Sk Sports on Tuesday.
CLICK HERE to read Staveley’s big interview with the Times in full – if you haven’t already that is! It’s a MUST read folks.