Amanda Staveley
Caulkin delivers positive update on when NUFC takeover announcement could be made
Despite some journalists making bold claims that the Newcastle United takeover would be completed by 1st May, we now can see that it is far from reality. That doesn’t mean that the deal is off the table. Reliable journalists like George Caulkin are making the point that the deal is in the advanced stage, and it only requires the approval of the Premier League. It is taking time (more than usual) but the potential owners are hopeful of a positive outcome. The political resistance to the Saudi Arabia-based consortium buying Newcastle from current owner Mike Ashley is well documented, while there is the long-standing problem of piracy. Amidst all this, the Premier League are expected to make twin decisions, both being equally important. With football in the UK currently postponed and despite ...
George Caulkin provides latest update on NUFC takeover and transfer of money
There is an anticipation that this could be the most vital week in the Newcastle United takeover process. A deal in the region of £300 million has been agreed between Mike Ashley and the potential new Newcastle owners. A part-payment of £17 million has been paid already, which is non-refundable, while the remaining part will be paid once they get the green signal from the Premier League. The would-be new owners – Amanda Staveley’s consortium — comprising her company PCP Capital Partners (10 per cent), the billionaire Reuben brothers (10 per cent) and the 80 per cent majority stakeholding of Saudi Arabia’s Public Investment Fund (PIF) – are waiting for the Premier League to approve the deal. Newcastle United fans are waiting eagerly to hear the official announcement, but acco...
