By Russell Edge
International financier Amanda Staveley plans to use Manchester City as a model for Newcastle United if she is successful in her takeover bid, according to a report.
United Arab Emirates based newspaper the National claim on their website that the British businesswoman, who fronts investment firm PCP Capital Partners, is in discussions with current owner Mike Ashley over purchasing the club in a deal which could extend to £500million when taking into account a proposed transfer budget.
It is said that her move for the Tyneside club comes just weeks after seeing a £1.5billion bid for fellow Premier League side Liverpool turned down by the Reds’ owners Fenway Sports Group, with the newspaper stating that a deal could be completed by December.
Their report also claims that Staveley has been impressed with the growth of Manchester City following a takeover by Abu Dhabi royal Sheikh Mansour, with the businesswoman having acted as a key adviser on the deal, and believes that a similar result could be achieved in the north east.
It is suggested that PCP Capital Partners know that growth will be achieved through the club’s footballing success and will be willing to back manager Rafael Benitez with funds from both Middle Eastern and Chinese investors.
A takeover would see Sports Direct supremo Ashley end his decade-long reign on Tyneside, having endured a tumultuous 10 years at the club.
In other Newcastle United news, the club are lining up a move for a midfield maestro which would break their transfer record.