Report hands Newcastle renewed hope after critical takeover meeting, new timeline revealed
Current Newcastle United owner Mike Ashley is confident of securing the sale of the club to investor Amanda Staveley after the duo held talks over a deal in a London curry house, according to a report.
The Sun revealed photos of the two multi-millionaires exiting the Paradise restaurant, claiming that they had been holding face-to-face talks about the potential takeover of the Magpies.
Talks have been extended as a result of Ashley’s valuation, which is said to be around the £400million mark, with Staveley as yet unwilling to offer him an amount which will convince him to sell up.
However, despite reportedly failing with two approaches of £250million and £300million, it is said that both Ashley and Staveley, who is fronting an approach from PCP Capital Partners, are both confident that a deal will be sorted out and that a compromise can be made.
This will hand both the fans and the club renewed hope after what appeared to be a series of blows in the chances of a takeover deal being arranged, which would end Ashley’s 10 years at the club.
However there appears to be a new timeline in place, with it said to be extremely unlikely that Staveley will be at the helm of the north east side during the January transfer window.
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The Premier League’s validation process will reportedly take 30 days once negotiations end and a bid is accepted, but she is reportedly still keen to shake hands with the current owner over a takeover.
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