Newcastle United: Club Sold To PCP - Official

[ewerk 26168]

Just now, trooper said:

As you say no worse than we have now 

Parky would strongly disagree.

[trooper 940]

People putting money into the club has to be better than the penny pinching asset stripper we have now

[Kevin Carr's Gloves 3181]

I'd be happy if they made everyone pay for advertising and used that to bolster the transfer funds.

[Dr Gloom 19735]

51 minutes ago, ewerk said:

Also, Parky would not be happy with 'that type' of owner.

I’m all for it 

[Dr Gloom 19735]

1 hour ago, ewerk said:

I know they're very wealthy but if they're only part of the consortium then they're not going to fund it all themselves. You might get everyone agreeing to put in £100m total for transfers to begin but if someone decides a year or two down the line not to do that then you run into problems.

But I suppose it's no worse than we are now with an owner not willing to put a penny into playing staff in his entire tenure.

When you’re starting from this base, anything is better.

...except perhaps the Venkys, who ruined Blackburn, or the Malaysian nutter who changed Cardiff’s strip to red. Knowing our luck we’d get one of those.

Edited January 18, 2018 by Dr Gloom

[NJS 3960]

I don't think anyone comes out of this with any credit. Journalists have reported "facts" which have been bullshit from both sides even before you get to the fat cunt's actions and the now apparent doubts about PCP. 

 

Were fucked basically. 

Edited January 18, 2018 by NJS

[Alex 30239]

Like Dennis Wise would have any idea what’s going on 

[Dr Gloom 19735]

He’s got his tongue so far up Ashley’s arse he can taste his swollen hemorrhoids. 

[Monkeys Fist 38556]

29 minutes ago, Dr Gloom said:

I’m all for it 

Oi vay!

[trooper 940]

http://www.football365.com/news/newcastle-and-the-depressing-need-for-a-nicer-billionaire

[trooper 940]

11 hours ago, Jintsay said:

It's alright lads. Dennis Wise has chipped in with some reassuring news that Mike Ashley is reluctant to sell because he only wants to sell to a buyer that is going to take the club forward and not sell to a buyer that is only coming in to make a quick buck from the next TV deal money.

 

http://www.skysports.com/watch/video/sports/football/teams/newcastle-united/11211758/ashley-wont-sell-to-just-anyone

 

That's a relief. We wouldn't want anyone like that.

"That Football Club" the little slimey bastard Dennis Shithouse Wise

Edited January 18, 2018 by trooper

[Alex 30239]

He's not worth the steam off your shit. The odious little cunt is an absolute nobody.

[Dr Gloom 19735]

the fact he was on the latest season of i'm a celebrity get me out of here says it all 

[trooper 940]

"A Very Small Man"

Spoiler

 

I hate the little bastard, i was hopeing a spider would eat the little cnut in the jungle

Edited January 18, 2018 by trooper

[David Kelly 1115]

Glad you put the spoiler in there.

[trooper 940]

24 minutes ago, David Kelly said:

Glad you put the spoiler in there.

Aye i dont know how that happened sorry for everyone else there's nothing in the spoiler

[Tdansmith 2068]

1 hour ago, trooper said:

Aye i dont know how that happened sorry for everyone else there's nothing in the spoiler

If only I sussed that out as fast as DK.  I would have saved myself 10mins of clicking all over the place 

[trophyshy 6432]

2 hours ago, trooper said:

Aye i dont know how that happened sorry for everyone else there's nothing in the spoiler

spoilers ffs!

[trooper 940]

 

[Tdansmith 2068]

As much as i hate Mike Ashley, i do hate the tossa.

I hate Dennis Wise even more so, i just want to kick the fucking telly in when he's on SSNs kissing ashley's fat arse.

 

[trooper 940]

Take that you little shit

 

[Monkeys Fist 38556]

2 hours ago, trophyshy said:

Spoiler

spoilers ffs!

 

Spoiler

Spoilered that for you

 

[Haydnator 45]

 

 

[acrossthepond 699]

"I tried to get down to brass tacks but he was too busy puking chicken tikka into one of his empty pint glasses. Number eleven or twelve, I couldn't tell you which. He appeared to think I was referring to our waiter when I mentioned Rafa. Later he had the poor bloke by the front of his shirt bellowing that 'Pards got a fackin' away win at City playing Aarons.' When I mentioned January signings he turned green and excused himself, though I can't be sure if that was just the chicken tikka again."

[PaddockLad 14527]

Quote

Amanda Staveley: I want to buy Newcastle – it’s hurtful and absurd to call us time-wasters
For the first time, the investor opens up on her efforts to acquire the club

exclusive


Amanda Staveley has a few things on the go. At her home and office, around the corner from Hyde Park, she is in the midst of eight deals; a casino in Japan, some real estate in New York. People buzz around her, but this is a hands-on process and she is flitting between meetings, fielding calls. Alexander, her three-year-old son, is here, clutching a model aeroplane, and he wants to play. It does not feel as though Staveley has much time to waste.

In the downstairs sitting room, there is a wide-screen television, a coffee table crammed with family photographs. There is a picture of her standing alongside Sir Alex Ferguson and Sir Bobby Charlton, sacrilege for a childhood Liverpool supporter, except that PCP Capital Partners, her company, backs the Manchester United Foundation. Upstairs, in a study, is one of Staveley and David Beckham, although Mehrdad, her husband, keeps hiding that.

This is family and it is business and it is busy, which does not quite tally with the portrayal of Staveley that blundered its way into the public domain this week, as subtle as a sale at Sports Direct, when an anonymous source briefed Sky Sports News that her attempts to buy Newcastle United had “proved to be exhausting, frustrating and a complete waste of time”.
 

Quote

PCP’S THREE BIDS
£300m, first bid, November 2: £200m on completion. £50m July 1 2018, £50m July 1 2019 — neither paid in the event of relegation. Benítez to stay as manager. Penalty clauses in the event of HMRC fine.
£350m, second bid, November 10: £150m on completion. £50m January 1 2020 £50m January 1 2021 £50m January 1 2022 £50m in the event of qualifying for the Champions League. Benítez to stay as manager. Penalty clauses in the event of relegation and HMRC fine.
£250m, third bid, November 17: £250m payable in full. Benítez to stay as manager. No clauses

 

These comments were, the club said — again anonymously — reflective of Mike Ashley’s views. Staveley has been stung by that, irked by the suggestion that her pursuit of Newcastle, which has been very open, was nothing more than an exercise in self-publicity. “It is only right to let the fans know that there is no deal on the table or even under discussion with Amanda Staveley and PCP,” the source said, which was news to her. “I’m very much still interested in buying Newcastle,” she says. “And our bid remains on the table.”

It is the first time that the 44-year-old has spoken publicly about Newcastle since she launched 1,000 headlines and more conspiracy theories by attending their home game against Liverpool on October 1.

There has been a non-disclosure agreement in place with Newcastle since the middle of that month — her initial bid for the club followed on November 2 — but she feels obliged to defend herself.

“I’m very concerned, I’m very surprised and I’m disappointed about what’s been said this week,” Staveley says. She is wearing a pale blue jacket, dark trousers, sipping water from a pink plastic bottle, and coffee from a mug. She is agitated and clearly upset. “The suggestion that we were either wasting time or not serious is absurd. It’s hurtful. Hugely hurtful,” she says.

If she was not serious, why would PCP have made three offers to put Ashley out of his misery after his loveless, contentious 11 years at St James’ Park? Why would she have engaged Chris Mort of Freshfields as her lawyer, a man who worked as Newcastle’s chairman under Ashley? Why would she involve the Reuben family, who have an estimated worth of £13 billion and a significant property portfolio on Tyneside, in her bid? “This is something we’ve been working really hard on,” she says. “It’s not something we’ve just thrown together. I’m putting a lot of my own capital into this and our investors, who come from around the world, include sovereign wealth funds.”

Her first bid was for £300 million, £200 million up front, the rest payable in two chunks. The second, made on Friday, November 10, was for £350 million, payable in instalments, as the sportswear retailer had encouraged. There would be £150 million on completion followed by £50 million every year after that, with the final tranche dependent on achievement, such as reaching the Champions League. For both were penalty clauses, in the event of demotion or Newcastle being stung by HMRC’s tax investigation into the club.

There was a third offer on November 17. “Dear Mike,” it began. In this one, £250 million would be paid in full, no caveats, no conditions, no clauses. This was substantially below Ashley’s £350 million valuation, aside from one sense; Staveley is committed to investing another £200 million, at least £100 million on new players across the first two transfer windows and the same again on improving a tired training ground and ineffective academy.

PCP brokered the deal that saw Sheikh Mansour buy Manchester City. Staveley has also attempted to buy Liverpool, but Newcastle fits, Newcastle works — so much potential, never realised — and she has been courted by supporters. “They’re such passionate fans and it’s a great club,” she says. “I’m a northerner. My family home is an hour away from St James’ Park. I just love football and Newcastle has a proper history and a real magic.

“That passion of the fans is vitally important when you’re looking at a club, because you know that you’re a custodian. I’m also a passionate believer in investment in the north east, because I know it’s tough. A lot of great things are happening in the city — we’ve got friends, like the Reubens, who have invested there — and it’s a really special place, with its own identity. It is absolutely unique.”

PCP is not a charity. “This is an investment, but it has to be a long-term investment,” Staveley says. “Newcastle would be run as a business, but we want it to be a successful, thriving business that is an absolutely integral part of the city.” Equally integral is Rafa Benítez; in each of PCP’s three bids, was a stipulation that the manager must stay and agree to a new contract. “Rafa is doing an incredible job,” Staveley says. “We want Rafa to be part of this project.”

By November 20, it is understood that Mort was confident that a deal might be on at £250 million. At the start of December, Staveley met Ashley at an Indian restaurant in London, brokered by Richard Desmond, the publisher. Pictures appeared in The Sun. “The famous curry house is the only time I’ve met Mike,” Staveley says. “It wasn’t a formal meeting and it was arranged by Mr Desmond. Mike was engaging and interesting. I enjoyed his company.”

And those photographs? Convenient, no? “I would never had done that,” Staveley says. “If I had, I certainly wouldn’t have been pictured smoking. I hadn’t had a cigarette for years. My dad nearly killed me. There has been a lot of miscommunication through the press, but that’s not my fault. This is football.”

In the middle of December, Staveley was told that “another bidder” had emerged, prepared, according to Ashley’s people, to pay £350 million. Fine, PCP said, but come back to us if you want to re-engage. Since then, they have heard nothing. Not a single thing. Which, again, hardly fits with the Ashley-sanctioned notion of “exhaustive” discussions. “Where are the other bidders?” Staveley says. “It’s been for sale for three months.”

Staveley had not given up. When people asked, the official line was that the process was ongoing, although time was ticking on and there were concerns; PCP would not be able to fund Benítez in this transfer window and the team remain in a precarious position. What happens next? A staging post feels like the next Premier League broadcasting rights. And beyond that, whether Newcastle stay up will be pivotal.

In the meantime, supporters continue to wait; for something different, something better. It is the loyal 52,000 who squirm and suffer as Benítez attempts to find gold in a nettle patch. Perhaps Staveley could have been the answer. Perhaps she still can. But it has been a bruising week. Will it happen? “I don’t know,” she says. “I hope so.”