Report reveals final crucial issue over Staveley's £300m Newcastle move - agreement imminent
The final crucial issue in Amanda Staveley’s £300million takeover bid for Newcastle United revolves around the club being relegated at the end of the current season, according to a report.
The Daily Mail claim on their website that the British businesswoman, fronting the multi-million approach for the Magpies from PCP Capital Partners, has nearly ironed out the move with current owner Mike Ashley, but that the club’s current form is casting doubts which in turn is affecting negotiations.
It is said that Ashley does not want to accept a deal which includes a clause which would be activated were the club to suffer a second relegation in three years, while Staveley is insisting that she and her backers should not pay the full £300million if they were to slip into the Championship.
However, despite the ongoing struggle to settle on a final deal, the Daily Mail report that Staveley is confident an agreement will be reached imminently and that the paperwork could be signed as early as next week.
The club’s on field fortunes have taken a turn for the worse during the takeover negotiations, with seven defeats in an eight game winless run, which has resulted in the Magpies sitting just one point and two places above the relegation zone after defeat at home to Everton on Wednesday.
In other Newcastle United news, Football Insider has rated every one of the club’s players from the clash with the Toffees.
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