Skip to main content

Newcastle deal closer

A deal to sell Newcastle United now looks closer after Amanda Staveley made an improved offer of £300m: Takeover

It might not be possible to get all the formalities completed until February and Newcastle urgently need quality signings in the January transfer window to boost a side that still looks like a Championship team. However, it might be possible to make an arrangement whereby purchasers PCP Capital Partners paid for any signings. A sum of £30m is being talked about.

Ashley bought Newcastle a decade ago and has invested around £260m in the club. He had hoped to sell for nearer £400m and turned down Staveley’s opening £250m offer. The Sports Direct owner has not yet accepted the improved bid but it is understood he is minded to do so. Newcastle's recent poor form appears to have concentrated his mind.

The identity of Staveley’s backers remains opaque but the 44-year-old is believed to have secured funding from the Middle East – quite possibly Saudi Arabia – and China.

As part of the deal the Sports Direct signage will stay at Newcastle for a limited period, effectively free of charge.

£300m is a realistic valuation according to analysts who have looked at the price in depth: Estimating Newcastle's value

Comments

Popular posts from this blog

Wolves get raw deal from FFP

  I used to see a lifelong Wolves fan for lunch once a month.   He was approaching ninety, but still went to games.   Sadly he passed away the other week. As football finance guru Kieran Maguire has noted, Wolves continue to be constrained by financial fair play rules.  Radio 4 this morning described them as this year's 'crisis club' and the pessimists have certainly been piling in. Martin Samuel wrote sympathetically in the Sunday Times yesterday, saying that the Premier League drives talent away with regulatory red tape: 'Why could Al-Hilal sign Neves? Because Wolves needed the money. And why did Wolves need the money? Because the club had to comply with an artificial construct known as financial fair play. So Wolves are going skint, yes? No. There is no suggestion that Wolves are in financial trouble, only that they are failing to meet the rigours of FFP. Wolves’ owners appear to have the money to run the club, and invest in the club, and in fact came up with a pow

Gold standard ground boosts Tottenham's income

The gold standard in European football grounds is the Tottenham Hotspur stadium in north London, a £1bn construction project completed in 2019. Its impact on the club’s finances has become increasingly clear as the effects of the pandemic have faded. Previously, the average fan would spend less than £2 inside the ground on a typical match day, but now that figure is about £16, thanks to new facilities including the longest bar in Europe and an on-site microbrewery. Capacity has gone up from 36,000 at the club’s previous home of White Hart Lane to 62,000.  The new stadium — built on land adjacent to White Hart Lane — has opened the door to a broad range of other events that have helped to push commercial income up from €117mn in 2018 to €215mn in 2022. Last year, Tottenham hosted US singer Beyoncé for five nights on her global Renaissance tour, two NFL matches, as well as rugby games and heavyweight boxing bouts.  Money brought in from football has gone up too. Match day income is

Charlton takeover approved

The long awaited takeover of Charlton Athletic by SE7 Partners from Thomas Sandgaard has been approved:  https://londonnewsonline.co.uk/se7-partners-obtain-efl-approval-for-charlton-athletic-takeover/ Charlton have had unhappy experiences with owners for over a decade, so how this works out will remain to be seen.  There is certainly potential there, but will it be realised? This interview with Charlie Methven gives detail not available elsewhere:  https://thecharltondossier.com/charlie-methven-on-the-record/