Amanda Staveley’s Bid To Buy Newcastle Getting Closer

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The sale of Newcastle has moved nearer after PCP Capital Partners, the investment company run by Amanda Staveley, signed a confidentiality agreement with the club’s owners.

Amanda Staveley’s organisation will now begin a period of due diligence of club finances after Sky Sports News revealed on Monday that owner Mike Ashley had put the club up for sale – and wants a deal completed by Christmas.

Ashley is rumoured to want around £400m for the club, according to sources in the north east, and PCP Capital Partners are understood to be taking a close look at as many as three Premier League clubs, including Liverpool.

It is understood that reports of a £300m bid from Staveley are premature – with a formal offer not expected until accountants have pored over the club’s books.

Amanda Staveley, 44, heads financial advisory firm PCP Capital Partners.

She helped broker the purchase of Manchester City by Sheikh Mansour bin-Zayed bin Sultan Al Nahyan in 2009 and it was reported she led Dubai International Capital’s £400m bid for Liverpool in 2008.

She met Newcastle United officials after attending the 1-1 Premier League draw with Liverpool at St James’ Park on 1 October.

On Wednesday, Turkey’s richest man Murat Ulker, denied he was interested in buying the Magpies.

TheTega

TheTega

"Tega is a writer/OAP, Lover of all things Tech, Sports and TV Series"

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