polkaDot Posted November 21, 2017 Share Posted November 21, 2017 this is the narrative I'm believing today. Ms Staveley’s PCP Capital Partners has been in discussions with Mike Ashley, Newcastle’s owner, since then and an initial offer of £350m to be paid in instalments over a period of three years was rejected by Mr Ashley because it contained clauses that would have altered the price in the event of relegation from the Premier League. The Daily Mail said on Tuesday that Mr Ashley was furious over media reports suggesting that the offered figure was in the region of £300m, insisting it is “way lower than that”. However, the figure is “not much lower” than £300m, a source close to the negotiations told The National on Tuesday, and the one-off payment would allow Mr Ashley to walk away free and clear immediately. Link to post Share on other sites More sharing options...
Stifler Posted November 21, 2017 Share Posted November 21, 2017 Just wish the cunt would just call it a day, sell up and leave. Link to post Share on other sites More sharing options...
Crayola Kid Posted November 21, 2017 Share Posted November 21, 2017 It's just an incentive isn't it. Either side could add it. They could, but if it was to cost the new owner- however unlikely - it wouldn't be in their interests to qualify. Plenty of people speculated that Ashley wanted to avoid playing bonuses for performance, this could be like that but ten times bigger. Also, that would require Ashley knowing they were interested in even trying to qualify. Why would he even believe it, if a similar level of ambition to his own by the new owners would cost him cash? Just sounds unlikely Link to post Share on other sites More sharing options...
nufcjb Posted November 21, 2017 Share Posted November 21, 2017 https://www.facebook.com/thenational.ae/?hc_ref=ARSuQ50wjRO6NcB3wCp0Gxw6RPSpl2kprCQh-H-BX3_uB9sxvq4yLRXrkXK-iGLAuPA Cheers. that's very interesting if this is a second bid, and that there was already a previous £350 million instalment bid that Ashley turned down. That link just takes me to there facebook feed, and I can't see anything NUFC related. Whats being said? Scroll down. https://www.thenational.ae/sport/dubai-financier-amanda-staveley-offers-to-buy-newcastle-united-in-one-off-payment-of-under-300-million-1.677595 Dubai financier Amanda Staveley offers to buy Newcastle United in one-off payment of under £300 million Owner Mike Ashley weighs chance to immediately walk away from club after second bid from consortium led by Amanda Staveley Newcastle United owner Mike Ashley is weighing an offer for the English Premier League side which could see him walk away immediately but would mean selling for less than what he had initially hoped for when he put the club up for sale. Dubai financier Amanda Staveley’s second offer to buy Newcastle United is at an amount below £300 million but crucially she is willing to pay this amount in one lump sum rather than in instalments, a source close to negotiations said. When announcing his intention to sell last month, Mr Ashley had signalled he would accept payment in instalments and was said to be seeking between £350m and £400m. Ms Staveley’s PCP Capital Partners has been in discussions with Mike Ashley, Newcastle’s owner, since then and an initial offer of £350m to be paid in instalments over a period of three years was rejected by Mr Ashley because it contained clauses that would have altered the price in the event of relegation from the Premier League. Newcastle have a bitter experience of relegation in recent years, having gone down from the top flight twice since Mr Ashley first invested in the club in 2007. Before their last relegation, for the 2015-2016 year, the club made a profit after tax of £4m on revenue of £126m. For the period, its match day revenue was £25m, broadcasting brought in £73m, with commercial and other income at £28m. The Daily Mail said on Tuesday that Mr Ashley was furious over media reports suggesting that the offered figure was in the region of £300m, insisting it is “way lower than that”. However, the figure is “not much lower” than £300m, a source close to the negotiations told The National on Tuesday, and the one-off payment would allow Mr Ashley to walk away free and clear immediately. PCP Capital Partners declined to comment while no one at Newcastle could be reached. Mr Ashley has in the past said he would be willing to sell Newcastle, particularly in the wake of relegation in 2009, before taking the club off the market in the absence of any serious bid. Reports in 2013 put the figure he would be willing to accept to sell the club then at £267m, allowing him to recoup his investment which includes the £134.4m he paid to buy it outright. Last month, he appeared to be committed to a sale in the wake of reported interest from the consortium led by PCP Capital Partners as well as willing to accept payment in instalments. The investors behind the deal include both Gulf and Chinese parties. Law firm Dentons is representing Mr Ashley, however he is understood to be very much in charge of the negotiations from his side. Now there is a sense, according to the source, that if a final figure can be agreed then Mr Ashley will let go of the club and the new owners, led by Ms Staveley, will then take on all the future risk – both on and off the field. Regardless of the final outlay required to acquire Newcastle, it is universally agreed that there is plenty of opportunity to be tapped from the growth of the Premier League, the passion of the fan base and the fact that St James’ Park is a world-class stadium, in the city centre, with a 52,000 capacity. Former English Football Association executive Adrian Bevington said that the club has the potential to be a giant in the Premier League. “There’s an incredible buzz about Newcastle as a football club and a football city. The growth potential there in terms of money and success both on and off the pitch,” he said. “Domestically, they’ve not won a trophy since 1969 so anyone who lands a trophy will be incredibly popular and lauded for eternity up there. Then there’s European opportunities as well, if you invest properly in a team, we’ve seen what happened in recent years with Manchester City and Chelsea.” Ms Staveley’s consortium would be keen, it is understood, to begin to seize that opportunity as quickly as possible by wrapping up the deal to buy the club before the January transfer window opens. However, that is looking increasingly unlikely as the parties wrangle over an initial valuation, delaying the entering of a period of exclusivity and the subsequent serious due diligence that would be required to close the sale. Tied into this is the Premier League’s Owners and Directors Test which would decide if Ms Staveley is a fit and proper person to run Newcastle. It is understood that this process takes about a month and while the ball has started rolling on it that it cannot be completed until the sale is finalised. It is expected that there will be spending on new players in January, should the takeover happen in time. Think I'm going to finish reading the thread for today with that article. Fuck everything else today. Want to read and believe what I want only. Until we get bought. Link to post Share on other sites More sharing options...
Joe_F Posted November 21, 2017 Share Posted November 21, 2017 So despite stating he'd accept installments the cunt turned down £350m in installments. FFS !! Link to post Share on other sites More sharing options...
TRon Posted November 21, 2017 Share Posted November 21, 2017 So despite stating he'd accept installments the cunt turned down £350m in installments. FFS !! Sounds like bollocks though doesn't it? Link to post Share on other sites More sharing options...
UncleBingo Posted November 21, 2017 Share Posted November 21, 2017 With regards all the press speculation, bear in mind that she has only spoken to The National (as far as I am aware). Link to post Share on other sites More sharing options...
Joe_F Posted November 21, 2017 Share Posted November 21, 2017 So despite stating he'd accept installments the cunt turned down £350m in installments. FFS !! Sounds like bollocks though doesn't it? Seems as good a source as any. Link to post Share on other sites More sharing options...
Charlies Posted November 21, 2017 Share Posted November 21, 2017 http://www.legalweek.com/sites/legalweek/2017/11/21/freshfields-and-dentons-up-front-on-takeover-bid-for-newcastle-united-fc/?slreturn=20171021091549 "Several interested parties" hmm. Link to post Share on other sites More sharing options...
toontownman Posted November 21, 2017 Share Posted November 21, 2017 Can we not just pay Ashley tax and ask all fans to throw in 50 quid. I can't afford it but id gladly pay it of he fucks off. Granted we have already been paying Ashley tax the past 10 years. Link to post Share on other sites More sharing options...
madras Posted November 21, 2017 Share Posted November 21, 2017 So despite stating he'd accept installments the c*** turned down £350m in installments. FFS !! To be fair it does say he turned it down because of the relegation clause. Link to post Share on other sites More sharing options...
Tiresias Posted November 21, 2017 Share Posted November 21, 2017 Tbh if hardly be brimming with glee at an owner incentivised to get us relegated Link to post Share on other sites More sharing options...
sbnufc Posted November 21, 2017 Share Posted November 21, 2017 http://www.legalweek.com/sites/legalweek/2017/11/21/freshfields-and-dentons-up-front-on-takeover-bid-for-newcastle-united-fc/?slreturn=20171021091549 "Several interested parties" hmm. "PCP, which is led by CEO Amanda Staveley, has turned to Freshfields for advice. Private equity partner Charles Hayes and corporate partner Christopher Mort are leading the magic circle firm’s team on the bid." the? Link to post Share on other sites More sharing options...
SUPERTOON Posted November 21, 2017 Share Posted November 21, 2017 Few links on Twitter saying she has Chris Mort on board and he is negotiating with Ashley. Link to post Share on other sites More sharing options...
ElDiablo Posted November 21, 2017 Share Posted November 21, 2017 What happened with Mort here? Binned or left? Link to post Share on other sites More sharing options...
STM Posted November 21, 2017 Share Posted November 21, 2017 What happened with Mort here? Binned or left? He never left freshfields. He was only here on a temporary basis. I actually liked the bloke. Link to post Share on other sites More sharing options...
polkaDot Posted November 21, 2017 Share Posted November 21, 2017 So possibly something like this: PCP "£200 million now, with a £50 Million payment each year over the next 3 years, stopping if the club is relegated". Ashley "No" PCP "OK, £290 Million now?" Ashley "No" Link to post Share on other sites More sharing options...
madras Posted November 21, 2017 Share Posted November 21, 2017 If those reports are true I'd bet Ashley would have snapped their hands off at 350mill in instalments but no clauses. Link to post Share on other sites More sharing options...
mrmojorisin75 Posted November 21, 2017 Share Posted November 21, 2017 Kind of funny everyone agonizing over these reports of negotiations over price as if Staveley would have just met the asking price from the off. Reckon they'll reach an agreement in the end myself, it's gone way further than any of the previous bullshit buyout stories. They're in it to buy the club. Link to post Share on other sites More sharing options...
NG32 Posted November 21, 2017 Share Posted November 21, 2017 Flew over our roof. Link to post Share on other sites More sharing options...
Kanji Posted November 21, 2017 Share Posted November 21, 2017 Pissing contest between Dentons and Freshfields funny to me that this got picked up by Legalweek Dentons represented the Hall family when the club sold to MA in 2007. Link to post Share on other sites More sharing options...
TBG Posted November 21, 2017 Share Posted November 21, 2017 Big ass helicopter flying over the city just now. Arabs? Decepticons Link to post Share on other sites More sharing options...
Ketsbaia Posted November 21, 2017 Share Posted November 21, 2017 Starting to get a bit nervous here, dwelling on the negative lines by Luke Edwards Link to post Share on other sites More sharing options...
Charlies Posted November 21, 2017 Share Posted November 21, 2017 Big ass helicopter flying over the city just now. Arabs? Its a Chinook. Most likely an army training exercise. Link to post Share on other sites More sharing options...
TK-421 Posted November 21, 2017 Share Posted November 21, 2017 Pretty good if she has Freshfields (and Mort) working for her/PCP bid(s), given Mort knows Ashley, and can hopefully help get a deal/agreement sorted, sooner rather than later. Link to post Share on other sites More sharing options...
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