Amanda Staveley has made a big claim on the proposed takeover of Newcastle United, according to Jim White.
Speaking on talkSPORT, the presenter revealed to his audience that she had told him that “we will not give up”, suggesting that a prospective deal with Mike Ashley may not be dead after all.
“It’s taken too long. The bid was real, Mike Ashley agreed to it!”
“They were going to allocate £250M to the club, the academy & the community. That’s all gone."
“Staveley told me ‘we will not give up!’”
— talkSPORT (@talkSPORT) July 30, 2020
The businesswoman and head of PCP Capital Partners was part of a Kingdom of Saudi Arabian (KSA) group who had a £300 million bid accepted by Ashley to take over the Tyneside club.
Staveley was due to take a 10% share, with the Middle Eastern crown prince Mohammed bin Salman (MbS) and his country’s Public Investment Fund (PIF) due to be the major shareholders with 80%.
The billionaire Reuben brothers, who are originally from India but are now based in London, were due to hold the other 10%.
Nevertheless, they have now felt that it was time to pull the plug on the deal for now with the Premier League and its chief executive Richard Masters failing to give enough clarity on some sort of timescale for when the final decision would be made, followed by an official announcement.
Are the Premier League to blame for the Newcastle takeover collapse?
Indeed, the 2019/20 season has now finished and with the 2020/21 campaign just around the corner, coupled up with the official opening of the summer transfer window, there was too much uncertainty surrounding St. James’ Park.
However, perhaps Staveley has cryptically hinted that her consortium may come back with another bid in the future, but that is just speculation.
For now, the takeover from the Saudis is off, and so the Toon Army will have to wait and see what the possible repercussions of this are.
Geordies, have you given up hope of a takeover? Comment below!
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