Rafa Benitez celebrates Newcastle win over Stoke

Newcastle United boss Benitez opens up about takeover bid failure

Failed

Newcastle United boss Rafa Benitez has admitted that he’s known for some time that the talks between PCP and Mike Ashley had broken down – and that a takeover of the club may not be going ahead.

Newcastle fans were delighted when it seemed as though Ashley was selling the club, and given how unpopular the Magpies owner is, that’s hardly a shock, but now it seems that despite three offers, that PCP claim were reasonable and a third offer of £250 million still being on the table, Ashley is refusing to budge.

Sky Sports report: “Rafa Benitez says Mike Ashley told him the proposed takeover of Newcastle was off “two or three weeks” ago.

“A spokesman for PCP said this week their offer to buy Newcastle from Ashley was still on the table, but Benitez’s comments cast further doubt on the deal being successful.”

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Given the rumours about the relationship between Benitez and Mike Ashley, who at one point were only thought to be talking through a third party, this isn’t great news for the manager, who was desperate for extra funds this transfer window so he could add to his struggling squad, but that may not be the case now. 

Ashley is thought to be unwilling to spend big money, meaning Rafa will have to either make do with what he has – and given many people felt it wasn’t enough in the first place, that’s no easy task – or will have to work on loan deals or a bargain basement forward if he wants to bring extra fire power into the side and help his team avoid the drop and remain in the Premier League at the first time of asking after promotion from the Championship last season.

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