Jim White has revealed that Amanda Staveley’s bid for Newcastle is currently being held up by two big stumbling blocks.
Talking on his talkSPORT show (Friday 11:55), White also claimed that the two sides were both “willing” and that he expected them to come together soon to iron out the details.
“The bid is upwards of £260million,” White said. “The final terms have to be hammered out and the two parties have to overcome issues, and this is the snag here.
“They’re working hard to overcome issues surrounding possible relegation and the ongoing tax investigation into the football club.
“What I do know this Friday lunchtime is, Ashley remains a willing seller, Amanda Staveley is a willing buyer and her company PCP is known to hold Ashley’s business acumen in high regard.
“So the two I’m thinking will meet again sometime very soon and this could get done, but the stumbling blocks are these issues surrounding relegation and the ongoing tax revelations around this club.”
A previous report from Sky Sports had claimed that Staveley had bid £300million for the club but that Ashley was holding out for more.
It also revealed that certain clauses in the bid were an issue – especially one that wanted a reduced price for the club if they were relegated from the Premier League.
Newcastle fans were hoping that the deal would be done in time for Christmas but the latest report seems to pour cold water on that, with legal discussions expected to take some time.
That could jeopardise new transfer funds for the January window that would help manager Rafa Benitez secure the club’s place in the top flight.