'Could be huge' - Staveley and PCP continue pursuit of Newcastle takeover on one condition
Amanda Staveley and PCP Capital Partners are set to continue to pursue a deal for the takeover of Newcastle United as long as manager Rafael Benitez remains at the club.
The British businesswoman has been fronting an approach to purchase the club from current owner Mike Ashley for the last few months, after the Sports Direct supremo confirmed his intention to sell back in October.
However recently the proposed takeover has stalled, with claims that negotiations between Staveley and Ashley have collapsed, and an interview from the Dubai-based tycoon who has confirmed that bids were tabled and that she is still interested in securing a deal with her business counterpart.
Now her husband and managing partner in PCP Mehrdad Ghodoussi has come out to reiterate that they are still looking to pursue their long term interest of a takeover, even if the club were to suffer relegation come the end of the season, but that it all hangs on boss Benitez remaining at St James’ Park.
He told UAE based newspaper The National: “We would love to buy Newcastle. The fans are phenomenal, the club could be huge and a big success if run properly.
“You need a world class manager. If Rafa isn’t there at the end of the season we would have to rethink this transaction.”
Former Liverpool and Real Madrid boss Benitez has been at the helm at the Magpies since March 2016, when he took over from former manager Steve McClaren, and although he was unable to prevent relegation, he stuck with the club and guided them back to the top flight as Championship champions.
In other Newcastle United news, the club have bid £8.8million to secure the signing of a defensive prospect from European giants.