Sky Sports break damning update on Amanda Staveley’s bid to takeover at NUFC

According to Sky Sports News, negotiations over Amanda Staveley’s potential takeover of Newcastle United will need to make ‘significant progress over the next month’ if there’s any chance of her succeeding Mike Ashley at St James’ Park.

Sky report that the World Cup and shortened transfer window (not ending on August 9th) mean that there’ll be less time for the club to recruit this summer, meaning any talks between PCP and Mike Ashley will NEED to resume in the coming weeks to give Benitez enough time to bring in new players this summer.

Not only that, they claim that Mike Ashley’s asking price could rise to as much as £400m – suggesting he’s raised the club’s price tag by £80-100m after we’ve successfully survived the drop this season.

Here’s a snippet from their piece released in the last few moments:

“A shortened summer transfer window, coupled with the World Cup finals in Russia, means any potential talks with PCP Capital Partners will need to be rekindled in the next few weeks if they are to have sufficient time to recruit in the summer.

“Having gambled on Newcastle surviving the drop this season, it is understood Newcastle owner Mike Ashley will be looking to recoup between £380-£400m from the sale of the club, which is significantly more than the £300m that was offered by Staveley last October.”

Not what we wanted to hear.

An increased price tag and a limited period of time to re-negotiate. Time for Staveley to step up if she really is serious about buying NUFC.

(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.

6 thoughts on “Sky Sports break damning update on Amanda Staveley’s bid to takeover at NUFC

  1. Load of Bollocks – end of the day it’s rafa that holds the cards now he walks potential buyers do to

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  2. A Miller. You don’t get it. If Rafa walks it would not bother Cashley one iota. Cashley will just stay and get a new muppet installed. He wants top Dollar and will get it. He gambled and won. Perhaps Amanda should have gambled at 300 Million.

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  3. Dutch:
    A Miller. You don’t get it. If Rafa walks it would not bother Cashley one iota.Cashley will just stay and get a new muppet installed.He wants top Dollar and will get it. He gambled and won. Perhaps Amanda should have gambled at 300 Million.

    Not sure I’d call Rafa a muppet personally like, but yeah, if Mandy wants us she will pay!!.
    At the end of the day if players are going for overly inflated prices, why would ‘Cashley’ left a potential top 6-8 EPL go for a price he doesn’t feel is right – would you?
    I don’t like how he’s ran the club either, and I’m certainly not a fan of his one bit. But this nonsense with Mandy has gone on long enough now. If she wants us, pay the man!. If he’s ****ing about, tell us and walk away.

    Basically we need clarity. We need to know who’s in charge so Rafa can negotiate with that person, both on budget and more importantly on his contract.

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  4. We all new if we stayed up the price would go up , me personally I think it’s all a con and he doesn’t want to sell , look at it this way why would he sell ? , all the money in football , and all he creams off us each year , he’s asset stripping us and I think Rafa will be off before the new season starts even though he would love to stay .The sale of Newcastle has always been smoke and mirrors and a pr exercise by Ashley so he doesn’t have to invest anything in us , and he has the cheek to say we owe him money

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  5. IF Rafa comes out to the press and confirms he will not sign a new contract while Ashley is in charge, and we know Ashley will not invest in the club means Ashley has to sell this summer or see another potential drop into the championship and either drop in price or another 2 year wait to sell… Or even does he actually want to sell?

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  6. The value of Newcastle could be more than £ 300 million with Benitez in it.
    But if Benitez goes, the value of Newcastle will not be more than £ 300million

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