It’s been quite a week.
Last Tuesday, Sky Sports News went really large on a statement alleged to come from Mike Ashley which rejected the received wisdom that Amanda Staveley’s PCP had bid to buy Newcastle United. In that statement, Ashley alleged that attempting to negotiate the deal had been exhausting and further he accused Mrs Staveley of being a time-waster. I can’t confirm the tale passed to me but it is thought the call into SKY came from Ashley himself who, well, may have had a drink. Far-fetched? Remember Kinnear’s memorable appearance on Talksport. This is Newcastle United under the stewardship of Mike Ashley. This is not a normal football club.
Whilst the claim of no-bid and accusations of time-wasting appeared risible at the time, a few days later and in a well-constructed and timed interview with George Caulkin of The Times, the claims from the Ashley side were completely exploded.
In short, Mrs Staveley provided full details of the bids made to Ashley to relieve him of Newcastle United. That included a staged deal totalling £350m. You’ll remember in his interview with SKY where he announced his money was wallpaper and he couldn’t invest in the club, he heavily set out possible terms for a staged deal. When he received a staged deal from PCP, he rejected it and invited a one-off cash payment. So, the Staveley side made a bid of a flat £250m, exercising the privileges the world over of a discount on a cash deal. That is the deal on the table which Ashley has denied even exists. Remember those exhausting negotiations Ashley was part of when he was on an extended Christmas/New Year holiday in the US with his son-in-law controlling the deal.Read More »