Amanda Staveley Still Hopes To Thrash Out Newcastle Takeover Deal

Businesswoman Amanda Staveley is still hopeful that a takeover deal can be thrashed out for Newcastle United, after a week in which tensions between the two camps came to a head.

On Tuesday a statement was released by sources close to Newcastle owner Mike Ashley that read:  ‘It is only right to let the fans know that there is no deal on the table – or even under discussion – with Amanda Staveley and PCP.

‘Attempts to reach a deal with A.Staveley and PCP have proved exhausting, frustrating and a complete waste of time.’

Staveley chose to respond by telling The Times: ‘The suggestion that we were either wasting time or not serious is absurd. It’s hurtful. Hugely hurtful.

‘This is something we’ve been working really hard on. It’s not something we’ve just thrown together. I’m putting a lot of my own capital into this and our investors, who come from around the world, include sovereign wealth funds.’

Newcastle is still on the market and it is believed a bid of £300m, without any clauses is what it would take to tempt Ashley, with potential buyers serious in intent, proving that the finances are in place to do a deal, something that Ashley thinks Staveley won’t manifest.

Stavely insisted her £250m offer to buy Newcastle remains on the table.

Staveley’s group, which is thought to be backed by money from the Middle East and China, is one of a series of prospective buyers that signed non-disclosure agreements with the club last year.

The 44-year-old was instrumental in the purchase of Manchester City by Sheikh Mansour in 2009 and is reported to have led Dubai International Capital’s £400m bid for Liverpool the previous year.

Ashley bought Newcastle in 2007 for £134.4m. Their latest accounts showed a profit of £900,000 and turnover of £126m in 2015-16.