Parky Posted October 16, 2017 Share Posted October 16, 2017 700 years later Darth Ashley says club is up for sale from inside his force prison. getting images of Baron Harkonnen now 'The spice must flow'.... Link to post Share on other sites More sharing options...
Guest firetotheworks Posted October 16, 2017 Share Posted October 16, 2017 Mike Ashley puts Newcastle up for sale amid continued interest from Amanda Staveley Amanda Staveley still appears interested in buying Newcastle United whose owner Mike Ashley finally publicly confirmed he wants to sell the club and would like to complete a deal before the January transfer window opens. Staveley, whose PCP Capital Partners firm is understood to control up to £30billion of Middle Eastern wealth, is believed to have identified Newcastle as the most viable Premier League club to purchase although a deal is some way off. The leading financier has failed in two attempts to buy Liverpool, most recently offering at least £1.2bn for the club, so could easily afford Newcastle. Staveley also played a key role in Sheikh Mansour’s takeover of Manchester City in 2008 and has strong links with the north and, according to sources, understands the potential at Newcastle and the scale of the club. Newcastle released a statement on Monday afternoon that merely confirms what was widely known. There have been several interested parties already discussing a takeover but Staveley would increasingly appear to be the strongest option. The financier attended Newcastle’s recent home match against Liverpool and spoke to club officials after the game. There has not been much movement since then but that is possibly partly because Staveley is involved in a near £1bn lawsuit she has brought against Barclays which is set to go to court in London. According to sources once that is out of the way it is likely she will turn her attention to Newcastle, a club genuinely regarded as ripe for development, although there are other clubs of interest, Telegraph Sportunderstands a number of potential buyers have signed non-disclosure agreements which prevent them from discussing any details of a takeover attempt, although there are conflicting reports regarding how much it will cost to buy. Talk of Chinese investment has receded given the change of policy there about buying foreign sports teams. It had been initially thought that Ashley had lowered the asking price to less than £400m, but that has been denied privately by those close to the talks, with suggestions it remains around £450m, which is likely to deter all but those with huge financial backing - although for PCP it would not amount to a big deal. But according to some sources a more realistic valuation for Newcastle would be closer to £300m. It is known, however, that no negotiations have taken part yet on price so it remains speculative. Given the resources available to Staveley then significant investment in Newcastle can be expected should she buy the club. The takeover rumours have been a distraction for several months, although the desire to sell helps explain why Ashley was so unwilling to spend any extra money in the summer transfer window, something which frustrated manager Rafa Benítez. However, Ashley has at least moved to clear up the uncertainty and has confirmed he hopes to end his divisive 10-year reign before Christmas so that the new owners can invest in the team in January. Supporters will be hoping he is successful after years of animosity towards the retail billionaire, but it should be remembered that there have been several attempts to sell the club in the past without success. The club statement read: “As a result of increasing press speculation regarding the future of Newcastle United, the owner of the club, St James Holdings Limited, wishes to clarify its intentions. “As one of the Premier League's oldest and best supported football clubs - and for the benefit of its many fans and supporters in the UK and across the world - Newcastle United requires a clear direction and a path to a bright and successful future. “To give the club the best possible opportunity of securing the positioning and investment necessary to take it to the next level, at what is an important time in its history, its present ownership has determined that it is in the best interests of Newcastle United and its fans for the club to be put up for sale. “To give an incoming owner the maximum possible flexibility to make meaningful investment in the club, including in its playing squad, the sale process will give interested parties the opportunity of deferring substantial payments. “A process will now commence of identifying new ownership for the club that will be capable of delivering the sustained investment in and dedication to the club that is necessary for it to achieve its ambitions.” Benítez was told of Ashley’s desire to sell up several weeks ago and will also be hoping a deal can be done with new owners so that he has more money to spend in the winter window. The manager is said to be relaxed about the situation and has been updated by managing director Lee Charnley. As far as Benítez is concerned he is planning for the January window assuming Ashley will still be in charge and the budget will be limited. I fail to see how Staveley is an option anymore. Link to post Share on other sites More sharing options...
Big Geordie Posted October 16, 2017 Share Posted October 16, 2017 ‘The Sleeper Must Awaken’ Sent from my iPhone using Tapatalk Link to post Share on other sites More sharing options...
HaydnNUFC Posted October 16, 2017 Share Posted October 16, 2017 Mike Ashley puts Newcastle up for sale amid continued interest from Amanda Staveley Amanda Staveley still appears interested in buying Newcastle United whose owner Mike Ashley finally publicly confirmed he wants to sell the club and would like to complete a deal before the January transfer window opens. Staveley, whose PCP Capital Partners firm is understood to control up to £30billion of Middle Eastern wealth, is believed to have identified Newcastle as the most viable Premier League club to purchase although a deal is some way off. The leading financier has failed in two attempts to buy Liverpool, most recently offering at least £1.2bn for the club, so could easily afford Newcastle. Staveley also played a key role in Sheikh Mansour’s takeover of Manchester City in 2008 and has strong links with the north and, according to sources, understands the potential at Newcastle and the scale of the club. Newcastle released a statement on Monday afternoon that merely confirms what was widely known. There have been several interested parties already discussing a takeover but Staveley would increasingly appear to be the strongest option. The financier attended Newcastle’s recent home match against Liverpool and spoke to club officials after the game. There has not been much movement since then but that is possibly partly because Staveley is involved in a near £1bn lawsuit she has brought against Barclays which is set to go to court in London. According to sources once that is out of the way it is likely she will turn her attention to Newcastle, a club genuinely regarded as ripe for development, although there are other clubs of interest, Telegraph Sportunderstands a number of potential buyers have signed non-disclosure agreements which prevent them from discussing any details of a takeover attempt, although there are conflicting reports regarding how much it will cost to buy. Talk of Chinese investment has receded given the change of policy there about buying foreign sports teams. It had been initially thought that Ashley had lowered the asking price to less than £400m, but that has been denied privately by those close to the talks, with suggestions it remains around £450m, which is likely to deter all but those with huge financial backing - although for PCP it would not amount to a big deal. But according to some sources a more realistic valuation for Newcastle would be closer to £300m. It is known, however, that no negotiations have taken part yet on price so it remains speculative. Given the resources available to Staveley then significant investment in Newcastle can be expected should she buy the club. The takeover rumours have been a distraction for several months, although the desire to sell helps explain why Ashley was so unwilling to spend any extra money in the summer transfer window, something which frustrated manager Rafa Benítez. However, Ashley has at least moved to clear up the uncertainty and has confirmed he hopes to end his divisive 10-year reign before Christmas so that the new owners can invest in the team in January. Supporters will be hoping he is successful after years of animosity towards the retail billionaire, but it should be remembered that there have been several attempts to sell the club in the past without success. The club statement read: “As a result of increasing press speculation regarding the future of Newcastle United, the owner of the club, St James Holdings Limited, wishes to clarify its intentions. “As one of the Premier League's oldest and best supported football clubs - and for the benefit of its many fans and supporters in the UK and across the world - Newcastle United requires a clear direction and a path to a bright and successful future. “To give the club the best possible opportunity of securing the positioning and investment necessary to take it to the next level, at what is an important time in its history, its present ownership has determined that it is in the best interests of Newcastle United and its fans for the club to be put up for sale. “To give an incoming owner the maximum possible flexibility to make meaningful investment in the club, including in its playing squad, the sale process will give interested parties the opportunity of deferring substantial payments. “A process will now commence of identifying new ownership for the club that will be capable of delivering the sustained investment in and dedication to the club that is necessary for it to achieve its ambitions.” Benítez was told of Ashley’s desire to sell up several weeks ago and will also be hoping a deal can be done with new owners so that he has more money to spend in the winter window. The manager is said to be relaxed about the situation and has been updated by managing director Lee Charnley. As far as Benítez is concerned he is planning for the January window assuming Ashley will still be in charge and the budget will be limited. I fail to see how Staveley is an option anymore. We live in hope, KI. Link to post Share on other sites More sharing options...
Toondave Posted October 16, 2017 Share Posted October 16, 2017 As a result of increasing press speculation regarding the future Why are we ruling out the possibility that this statement is not meant to attract buyers and is just to get a grip of the news stories going round? As far as we know these deferred payments may just be one payment structure proposed to or by one/some of the parties that have signed NDAs. Link to post Share on other sites More sharing options...
Guest firetotheworks Posted October 16, 2017 Share Posted October 16, 2017 Mike Ashley puts Newcastle up for sale amid continued interest from Amanda Staveley Amanda Staveley still appears interested in buying Newcastle United whose owner Mike Ashley finally publicly confirmed he wants to sell the club and would like to complete a deal before the January transfer window opens. Staveley, whose PCP Capital Partners firm is understood to control up to £30billion of Middle Eastern wealth, is believed to have identified Newcastle as the most viable Premier League club to purchase although a deal is some way off. The leading financier has failed in two attempts to buy Liverpool, most recently offering at least £1.2bn for the club, so could easily afford Newcastle. Staveley also played a key role in Sheikh Mansour’s takeover of Manchester City in 2008 and has strong links with the north and, according to sources, understands the potential at Newcastle and the scale of the club. Newcastle released a statement on Monday afternoon that merely confirms what was widely known. There have been several interested parties already discussing a takeover but Staveley would increasingly appear to be the strongest option. The financier attended Newcastle’s recent home match against Liverpool and spoke to club officials after the game. There has not been much movement since then but that is possibly partly because Staveley is involved in a near £1bn lawsuit she has brought against Barclays which is set to go to court in London. According to sources once that is out of the way it is likely she will turn her attention to Newcastle, a club genuinely regarded as ripe for development, although there are other clubs of interest, Telegraph Sportunderstands a number of potential buyers have signed non-disclosure agreements which prevent them from discussing any details of a takeover attempt, although there are conflicting reports regarding how much it will cost to buy. Talk of Chinese investment has receded given the change of policy there about buying foreign sports teams. It had been initially thought that Ashley had lowered the asking price to less than £400m, but that has been denied privately by those close to the talks, with suggestions it remains around £450m, which is likely to deter all but those with huge financial backing - although for PCP it would not amount to a big deal. But according to some sources a more realistic valuation for Newcastle would be closer to £300m. It is known, however, that no negotiations have taken part yet on price so it remains speculative. Given the resources available to Staveley then significant investment in Newcastle can be expected should she buy the club. The takeover rumours have been a distraction for several months, although the desire to sell helps explain why Ashley was so unwilling to spend any extra money in the summer transfer window, something which frustrated manager Rafa Benítez. However, Ashley has at least moved to clear up the uncertainty and has confirmed he hopes to end his divisive 10-year reign before Christmas so that the new owners can invest in the team in January. Supporters will be hoping he is successful after years of animosity towards the retail billionaire, but it should be remembered that there have been several attempts to sell the club in the past without success. The club statement read: “As a result of increasing press speculation regarding the future of Newcastle United, the owner of the club, St James Holdings Limited, wishes to clarify its intentions. “As one of the Premier League's oldest and best supported football clubs - and for the benefit of its many fans and supporters in the UK and across the world - Newcastle United requires a clear direction and a path to a bright and successful future. “To give the club the best possible opportunity of securing the positioning and investment necessary to take it to the next level, at what is an important time in its history, its present ownership has determined that it is in the best interests of Newcastle United and its fans for the club to be put up for sale. “To give an incoming owner the maximum possible flexibility to make meaningful investment in the club, including in its playing squad, the sale process will give interested parties the opportunity of deferring substantial payments. “A process will now commence of identifying new ownership for the club that will be capable of delivering the sustained investment in and dedication to the club that is necessary for it to achieve its ambitions.” Benítez was told of Ashley’s desire to sell up several weeks ago and will also be hoping a deal can be done with new owners so that he has more money to spend in the winter window. The manager is said to be relaxed about the situation and has been updated by managing director Lee Charnley. As far as Benítez is concerned he is planning for the January window assuming Ashley will still be in charge and the budget will be limited. I fail to see how Staveley is an option anymore. We live in hope, KI. I think that's just Lee Edwards looking for clicks though tbh. Link to post Share on other sites More sharing options...
number9shirt Posted October 16, 2017 Share Posted October 16, 2017 Very significant part of the statement is that The owner of the club is St. James Holdings Limited. I'm pretty sure this company was only used for buying Newcastle United (& potential selling it). Thereafter the ownership was moved to mash holding. Link to post Share on other sites More sharing options...
gazza ladra Posted October 16, 2017 Share Posted October 16, 2017 That gif is the only thing I appreciate about Ashley. Makes me laugh every time. Link to post Share on other sites More sharing options...
HaydnNUFC Posted October 16, 2017 Share Posted October 16, 2017 Very significant part of the statement is that The owner of the club is St. James Holdings Limited. I'm pretty sure this company was only used for buying Newcastle United (& potential selling it). Thereafter the ownership was moved to mash holding. Is St. James' Holdings not a privately held subsidiary of MASH? Link to post Share on other sites More sharing options...
mighty__mag Posted October 16, 2017 Share Posted October 16, 2017 A formal announcement of what has unofficially been known for some considerable time is of some interest - but perhaps more significantly, invalidates all recent claims of takeover bids and ongoing interest. Quite simply were Amanda Staveley, those mysterious Chinese bidders or anyone else to have had a genuine interest in the club, this statement wouldn't exist. That it does is confirmation that an awful lot of speculation masquerading as knowledge has been foisted on Newcastle supporters in recent weeks. Could be to pressure someone into buying if they have gone in low, he could have said open it up to anyone in the hope they press forward with things? Link to post Share on other sites More sharing options...
number9shirt Posted October 16, 2017 Share Posted October 16, 2017 Very significant part of the statement is that The owner of the club is St. James Holdings Limited. I'm pretty sure this company was only used for buying Newcastle United (& potential selling it). Thereafter the ownership was moved to mash holding. Is St. James' Holdings not a privately held subsidiary of MASH? No idea. I just thought this change was of significant importance for selling the club. If anyone has a more informed opinion feel free to correct me. Link to post Share on other sites More sharing options...
Parky Posted October 16, 2017 Share Posted October 16, 2017 Him and his parlor boy from Camden are getting ahead of something else. Maybe as others have said there is pressure to spend in Jan etc... Link to post Share on other sites More sharing options...
Dave Posted October 16, 2017 Share Posted October 16, 2017 Link to post Share on other sites More sharing options...
Stifler Posted October 16, 2017 Share Posted October 16, 2017 Mirror have been throwing spanner’s at us for a while now. Link to post Share on other sites More sharing options...
Dave Posted October 16, 2017 Share Posted October 16, 2017 Simon Bird and Louise Taylor both sticking with the £380m mentioned the other week as the asking price. Link to post Share on other sites More sharing options...
Klaus Posted October 16, 2017 Share Posted October 16, 2017 He's right like. Any sensible investor would wait until the investigation is concluded. Link to post Share on other sites More sharing options...
NUFC_Chris Posted October 16, 2017 Share Posted October 16, 2017 Mirror have been throwing spanner’s at us for a while now. Anything dodgy would be picked up in due diligence. He’ll have them covered as well in warranties attaching the sale. Sent from my iPhone using Tapatalk Link to post Share on other sites More sharing options...
Disco Posted October 16, 2017 Share Posted October 16, 2017 McNally still a bitter owld Mackem then. Link to post Share on other sites More sharing options...
Figures 1-0 Football Posted October 16, 2017 Share Posted October 16, 2017 Aye, The Mirror seem to have a massive chip on their shoulder at the minute. Link to post Share on other sites More sharing options...
Kanj Posted October 16, 2017 Share Posted October 16, 2017 Or you just have your respective tax attorneys review the documents in diligence, and understand the risk and the liabilities - given it was done on prior ownership's watch, any Buyer would look to indemnify themselves from any action or penalty; assuming it was financial and NOT club suspension of points, transfer bans etc. that would be the potential penalty for the tax probe. Again, assuming it's monetary or criminal to those who were part of this then any buyer with proper attorneys overlooking this can get comfortable with it. Amanda Staveley's case against Barclay's could have nothing to do with her acquisition of Newcastle, the capital behind the Barclay's case is likely not the same (Man City owner, right?) as the group she'd be involved with buying the club and litigation attorneys are probably not doing M&A work. Link to post Share on other sites More sharing options...
geordiedean Posted October 16, 2017 Share Posted October 16, 2017 I just yearn for the day that SJP isn't plastered in sports direct shit...That should be the first things that's done Link to post Share on other sites More sharing options...
Stifler Posted October 16, 2017 Share Posted October 16, 2017 Or you just have your respective tax attorneys review the documents in diligence, and understand the risk and the liabilities - given it was done on prior ownership's watch, any Buyer would look to indemnify themselves from any action or penalty; assuming it was financial and NOT club suspension of points, transfer bans etc. that would be the potential penalty for the tax probe. Again, assuming it's monetary or criminal to those who were part of this then any buyer with proper attorneys overlooking this can get comfortable with it. Amanda Staveley's case against Barclay's could have nothing to do with her acquisition of Newcastle, the capital behind the Barclay's case is likely not the same (Man City owner, right?) as the group she'd be involved with buying the club and litigation attorneys are probably not doing M&A work. I think it maybe more of the case that she wants to focus on one big thing, taking over a club and having a transfer window to deal with whilst the trial get underway (it starts in January) means she will be very busy and couldn’t give either her full attention. I think the best we could hope for is that she buys us just before Christmas, gives Rafa a budget and let’s Charnley retain command until the end of transfer window where she’ll have more time to appoint someone more qualified for the job. As for the first bit, as you say you look at worse case scenario, see if the club is responsible, then plead errors by previous owners and seek to rectify the situation voluntarily. Link to post Share on other sites More sharing options...
Guest Hog Posted October 16, 2017 Share Posted October 16, 2017 So many things in the statement by the lawyers that makes me feel that this is just the usual false dawn that Fat Mike rolls out every time he doesn't want to spend any money and run the club on the cheap, I'll be amazed if anything comes of this. It just sounds like they're lining it up so they can say "we tried" or "nobody was suitable to advance the club". Link to post Share on other sites More sharing options...
sbnufc Posted October 16, 2017 Share Posted October 16, 2017 I just yearn for the day that SJP isn't plastered in sports direct shit...That should be the first things that's done be great when one condition of the sale is that it all stays Link to post Share on other sites More sharing options...
Dave Posted October 16, 2017 Share Posted October 16, 2017 I just yearn for the day that SJP isn't plastered in sports direct shit...That should be the first things that's done be great when one condition of the sale is that it all stays I'd be staggered if this wasn't the case, for a number of years at least. Link to post Share on other sites More sharing options...
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