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Newcastle takeover situation ‘monitored’ as Mike Ashley era surely enters final phase

Newcastle United supporters have been pretty upbeat in the Transfer Tavern this week after seeing their team kick off 2018 with vital victories over Stoke City and Luton Town, somewhat helping to lift the doom and gloom around St James’ Park.

Rafa Benitez’s men went into the New Year just a point and two places above the Premier League’s relegation zone, while the proposed takeover of the club from Amanda Staveley’s PCP Capital Partners went quiet for a time. However, things improved on the pitch as the Magpies sealed a 1-0 win at Stoke on January 2, before backing that up with a routine 3-1 success over League Two leaders Luton in the third round of the FA Cup last weekend.

Thus, there has been a little more positivity among our resident Newcastle fans, and they are likely to be further intrigued by a recent report from The Daily Mail, which suggests that Dubai-based investors are seeking to compete with Staveley in a bid to buy the club off owner Mike Ashley.

Speculation was rife regarding a possible takeover following Staveley’s appearance at Newcastle’s 1-1 draw with Liverpool back in October, and that intensified further when Ashley put the club up for sale not long after.

However, a deal which will see Staveley’s PCP Capital Partners take over the North East giants has yet to be concluded, drawing much anxiety from Magpies supporters, yet recent reports suggest that another party are ‘monitoring’ the situation and are interested in the club, namely one from Dubai.

And with the group reportedly able to meet Ashley’s £350 million asking price, it remains to be seen what comes of this interest, and whether Newcastle fans do indeed get their wish of a new owner of their club.

Landlord’s verdict: The proposed takeover of Newcastle United by Amanda Staveley’s PCP Capital Partners has been rumbling on for some time now, with it seemingly no nearer a definitive conclusion.

And they may now face a battle to win the race for the North East giants as recent reports suggest that Dubai investors are is interested in the club, having ‘monitored’ the situation in recent times.

Thus, it very much remains to be seen which party is able to meet owner Mike Ashley’s asking price, around £350 million, but what seems likely is that things aren’t going to be concluded anytime soon, furthering the doubts that manager Rafa Benitez will have sufficient funds to spend this month.

Newcastle fans… what do you make of the news? Let us know!

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Article title: Newcastle takeover situation ‘monitored’ as Mike Ashley era surely enters final phase

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