Will the Newcastle takeover ever go ahead?
These are worrying times for Newcastle fans, and not just because the Toon are three points off the relegation zone in the Premier League.
Linked to Newcastle’s Premier League survival is the ongoing, and increasingly public battle, between Mike Ashley and Amanda Staveley for control of the club.
Ashley has put Newcastle up for sale and in recent months Staveley seemed the most likely buyer, indeed she confirms in a Times interview today that three offers have been made.
Earlier this week, Mike Ashley made it public that talks had broken down over the sale of Newcastle.
In typical brash style, Ashley also intimated that Staveley was not a “credible buyer” and that no bids have been made.
Amanda Staveley hits back in The Times
On Friday, Amanda Staveley has hit back in somewhat dramatic style in The Times, who have bagged an exclusive interview.
Staveley rallies against being called a “time waster”, describing that accusation as “absurd” and “hurtful”.
The Times detail that Staveley has made three offers for Newcastle and that Ashley has effectively told an untruth when he denied a single offer had been made earlier this week.
Amanda Staveley’s three offers for Newcastle
Staveley’s first bid for Newcastle was for 300 million pounds, two thirds of this would have been paid up front.
The second offer from Staveley was worth 350 million pounds. This would be split up into instalments, including 50 million pounds if Newcastle qualified for the Champions League.
The latest offer from Staveley, which is still on the table is worth 250 million pounds, payable in full.
The eye catching detail about the latest offer is that Staveley has also guaranteed 200 million pounds to invest in the Newcastle squad.
What now for Newcastle?
The longer this goes on, the more problematic it becomes for Newcastle the football team.
There is no way any Newcastle fan can defend Mike Ashley and his behaviour over this bid simply confirms he has no love for the club.
But, Staveley is not necessarily a knight in shining armour either. There are clear question marks over where her money comes from and there are also parallels with her failed bid for Liverpool.
These are worrying times for Newcastle fans and once again it may come down to how much magic Rafa Benitez can weave from a squad that desperately needs investment.