Date: 14th November 2017 at 8:47pm
Written by:

By Russell Edge

Amanda Staveley and PCP Capital Partners are likely to see the Premier League’s test for new owners take weeks rather than months if they were to see a bid accepted, according to a report.

The Chronicle claim on their website that the simplicity of the proposed deal between Staveley and current owner Mike Ashley, plus the professionalism of PCP Capital Partners’ approach, should streamline the necessary process to just weeks, as oppose to the months of red tape that Southampton had to endure when undergoing their takeover.

The report also claims that even if a deal is not fully completed between the two parties prior to the January transfer window, manager Rafael Benitez may be able to have access to external funding if the prospective investor is willing to provide the money, which may be the case if the takeover appears to be an inevitability.

However all of this occurring is dependent on Ashley accepting a bid, with the Sports Direct Supremo said to be valuing the club in the region of £400million, while PCP Capital Partners view a valuation in the region of £300million, which suggests that negotiations will have to take place before an offer is signed upon.

Newcastle have been under the stewardship of the businessman for the past decade, which has seen the club hit highs, such as the fifth placed finish and reaching the Europa League quarter finals, as well as intense lows, with the club having suffered two relegations under his watch.

In other Newcastle United news, Rafael Benitez will be sweating over the fitness of these stars for the clash against Manchester United.

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