Amanda Staveley

Updates on Amanda Staveley’s takeover bid for Newcastle

Will Mike Ashley sell Newcastle to PCP Capital Partners?

Newcastle fans have become increasingly excited in recent weeks that the reign of Mike Ashley at St James’ Park was over.

On Monday, supporters of Newcastle were in dream land when it was revealed by Sky News that an offer had been made.

The 300 million pound offer from PCP Capital Partners, fronted by Amanda Staveley, looks to be the opening salvo for control of Newcastle.

Was the first bid for Newcastle rejected?

Intriguingly for Newcastle fans, the bidding war for the club appears to be playing out in the media.

Whilst the first offer from PCP and Staveley has not been rejected out of hand, it has become clear that it will take a bigger deal for Ashley to sell Newcastle.

See: Newcastle’s two big problems with Amanda Staveley’s takeover bid.

Tuesday’s updates on the Newcastle takeover

There are two major updates on the Newcastle takeover today.

The first comes from Keith Downie of Sky Sports, who reveals that a new bid is coming before the end of this week.

Considering Mike Ashley is holding out for £380 million – the new offer could well be much closer to the asking price.

The latest developments on the Newcastle takeover

In addition, UAE-based newspaper The National have put out a Facebook Live video on the Newcastle takeover.

John Turner and Mustafa Alrawi discuss the latest developments around the potential sale of Newcastle United to Dubai financier Amanda Staveley.

Amongst the highlights is the information that Staveley and Rafa Benitez go way back.

There is undoubtedly a lot for Newcastle fans to digest. Increasingly, a sale is looking more and more likely.

Although with Mike Ashley around anything is still possible.

Keith Downie update on the Newcastle takeover – Tweets

The National Facebook Live video on the Newcastle takeover

Related: Newcastle v Liverpool: Takeover talks revealed.