Club edge closer to £300 million takeover

Image for Club edge closer to £300 million takeover

Amanda Staveley is said to be leading the race to complete the takeover of Newcastle United, with a £300 million deal set to be completed in the next few months, reports the Mirror.

Despite early interest from a number of parties, Staveley and her company PCP Partners are now in box seat to purchase the club from it’s current owner Mike Ashley.

Ashley, who put the club up for sale earlier in the month, is said to value it at around £400 million, however is now thought to be willing to settle for a lower price in order to push through a sale as soon as possible.

Staveley’s firm are understood to be preparing a formal bid after an official valuation.

Staveley was part of the takeover process at Manchester City back in 2008 when Sheikh Mansour arrived into the Premier League, and was quoted  as saying: “The experience I gained has been instrumental in preparing me for the investment I wish to make now in the same league.”

Should the takeover be completed before Christmas, it is thought manager Rafael Benitez will be given an extravagant purse to spend in the January transfer window.

Share this article