The Telegraph’s Luke Edwards has now weighed in with his thoughts on the Newcastle United takeover front – revealing his current concerns with Amanda Staveley.
He fears that the Dubai-based businesswomen – who is trying to broker a deal backed by the Saudi PIF – is ‘dreaming’ if she believes Mike Ashley will accept a ‘low bid’ after being hit with financial troubles following the drop in share price for Sports Direct.
Edwards also questions why the haven’t matched Mike Ashley’s asking price after a year of talks, saying haggling shouldn’t be an issue if the deal is being backed by one of the world’s richest groups in the Saudi Public Investment Fund (PIF).
Hopefully they’ve done their due diligence and are simply working on a fee that meets in the middle, however I do find it odd that Edwards suggest prospective billionaire owners shouldn’t have to haggle over price just because their rich.
They’re rich because they make sound financial investments and are careful with their cash – not because they pay any old price tag handed to them just because they can!
It’s been stressed in recent days that a potential takeover is ‘closer than it’s ever been at Newcastle United’, with George Caulkin also claiming that both parties are eager to do a deal, but ongoing talk that a price is yet to be agreed (or an official bid is yet to be handed to Mike Ashley) is the one key factor that continues to leave me cautious.