Report details major Newcastle transfer spend if £300million deal goes through
By Russell Edge
Newcastle United could see over £150million spent in the transfer market over the next two years if a takeover from PCP Capital Partners goes through, according to a report.
Reuters claim on their website that the investment firm, fronted by international financier Amanda Staveley, are interested in making a £303million ($400million) bid for the club after Newcastle revealed via a statement that they were up for sale.
The report outlines that PCP view the club as worth in the region of £300million, and if the takeover was completed that they would make major investments in the first team, spending £150million in the first two years at the helm of the club.
The news of a potential bid from Staveley and her investors comes just a day after she was named as a “serious player” in a potential takeover of the north east club by the Telegraph.
The alleged £303million valuation matches up with a study carried out by a senior lecturer at Sheffield Hallam University, who said that several key factors culminated into an estimated worth of £300million.
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Staveley was first pushed into the spotlight as a potential investor in Newcastle when she was pictured attending the club’s home clash against Liverpool, and she reportedly spoke to key officials at the club after the game.
In other Newcastle United news, Alan Pardew has claimed that this current player was signed ahead of a man now worth £70million.