Reliable journalist delivers critical update on Newcastle takeover talks
By Russell Edge
There is some way to go until any takeover move for Newcastle United is completed with Amanda Staveley’s PCP Capital Partners’ bid leading the way, according to a reliable journalist.
Craig Hope, the north east correspondent for the Daily Mail claimed on his personal Twitter account on Monday that the process is still ongoing, following a report that an announcement would be made this week.
For those asking, understand there is a little way to go before NUFC takeover process reaches conclusion, although PCP remain only serious runner.
— Craig Hope (@CraigHope_DM) November 13, 2017
Critically, Hope says that Staveley’s approach, with the British businesswoman fronting PCP Capital Partners, is the only serious one, with several parties having reportedly signed non-disclosure agreements to further official discussions over buying out current owner Mike Ashley.
The Sports Direct supremo has been at the helm of the Tyneside club for the last 10 years, having purchased the shares of Sir John Hall and Freddie Shepherd in 2007, and has endured a tumultuous decade in the north east.
During his time at the club, Ashley has overseen an impressive fifth placed finish and the Magpies reaching the Europa League quarter finals, as well as two relegations and a handful of controversial decisions which has left much animosity between himself and the Toon Army.
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Newcastle will be hoping to push aside any off field drama when they travel to Old Trafford on Saturday, as they return from the international break looking to bounce back from two consecutive defeats with a positive result against Manchester United.
In other Newcastle United news, this defensive star has had to undergo medical treatment ahead of the showdown in the north west.