Date: 21st November 2017 at 3:52pm
Written by:

By Russell Edge

Former Newcastle United chairman Chris Mort is set to play the role of legal adviser to Amanda Staveley and PCP Capital Partners after they appear to have initiated a bidding war for the Magpies, according to a report.

Specialist magazine Legal Week claim on their website that the investment firm have turned to multinational law firm Freshfields Bruckhaus Deringer for advice after reports on Monday that they had submitted an official bid for the club.

Their use of the London based agency will see Mort, who spent a year as chairman of the north east giants after carrying a similar role for current owner Mike Ashley during his takeover in 2007, help Staveley and her people try and secure the takeover.

However the report also states that the offer tabled by PCP has set off what is set to be a bidding war over the club, with several parties said to be taking part in the competitive bidding process.

Ashley’s decade on Tyneside began after he secured the club for £131million, after buying out the shares of Sir John Hall and Freddie Shepherd, but it has been a tumultuous reign, with highs of a fifth place finish and a Europa League quarter final appearance offset by two relegations and a series of controversial decisions made by the Sports Direct supremo.

In other Newcastle United news, a top figure has confirmed the Magpies’ pursuit of a European midfield maestro from these giants.

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