Newcastle United owner Mike Ashley will demand that any parties interested in discussing a takeover move for the club table an initial deposit of cash before negotiations take place, according to a journalist.
The Daily Mail’s Craig Hope has stated on his personal Twitter account that the Sports Direct supremo is looking to ward off all but the most serious of potential investors with his stunning new request, having seen discussions with Amanda Stavaley and PCP Capital Partners collapse.
Mike Ashley will now only sit down for takeover talks with interested parties who make a deposit of cash to prove they are serious about buying NUFC.
— Craig Hope (@CraigHope_DM) January 16, 2018
The British businesswoman has reportedly been in discussions with Ashley for the last couple of months but with there being a gulf between the parties in terms of their valuation of the club, the discussions have stalled and appear to have fallen apart.
Ashley’s new tactic of demanding cash up front is likely to discourage any buyers who are not 100 per cent confident on securing a deal from entering talks, with the club now having been officially on the market since October as the current owner looks to end his tumultuous decade on Tyneside.
He has overseen both highs and lows while at the helm of the club, including a fifth placed finish and a Europa League quarter final appearance as well as two relegations and a tax fraud investigation by HMRC.
In other Newcastle United news, the club are eyeing up a record breaking swoop for an international terrier.
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