' The Sale of Newcastle United '
Posted: Thu Oct 19, 2017 2:51 pm
NEWCASTLE BID MOVES CLOSER
Thursday 18th October 2017
The sale of Newcastle has moved nearer after PCP Capital Partners, the investment company run by Amanda Staveley, signed a confidentiality agreement with the club's owners.
Staveley's organisation will now begin a period of due diligence of club finances after Sky Sports News revealed on Monday that owner Mike Ashley had put the club up for sale - and wants a deal completed by Christmas.
Ashley is rumoured to want around £400m for the club, according to sources in the north east, and PCP Capital Partners are understood to be taking a close look at as many as three Premier League clubs, including Liverpool.
It is understood that reports of a £300m bid from Staveley are premature - with a formal offer not expected until accountants have pored over the club's books.
Thursday 18th October 2017
The sale of Newcastle has moved nearer after PCP Capital Partners, the investment company run by Amanda Staveley, signed a confidentiality agreement with the club's owners.
Staveley's organisation will now begin a period of due diligence of club finances after Sky Sports News revealed on Monday that owner Mike Ashley had put the club up for sale - and wants a deal completed by Christmas.
Ashley is rumoured to want around £400m for the club, according to sources in the north east, and PCP Capital Partners are understood to be taking a close look at as many as three Premier League clubs, including Liverpool.
It is understood that reports of a £300m bid from Staveley are premature - with a formal offer not expected until accountants have pored over the club's books.