By Daily Sports on November 21, 2017
A financial firm headed by British businesswoman Amanda Staveley has tabled a formal takeover bid in the region of £300m for Newcastle United.
PCP Capital Partners has been in talks with club owner Mike Ashley for about a month, and a source close to the deal said an offer has now been made.
Newcastle are yet to comment publicly on the news, although a club source has disputed the value of the bid.
Ashley said on 16 October he wanted to sell after 10 years in charge.
He reportedly dropped the asking price to £380m in an attempt to complete a sale by the end of the year.
Ashley, 53, has been a divisive figure at St James' Park since taking over in 2007, with some supporters regularly protesting about the way the businessman has run the club.
He bought Newcastle for £134.4m in 2007. Their latest accounts - up to 30 June 2016 and before the club's relegation to the Championship - showed a profit of £900,000 and turnover of £126m in 2015-16.
Staveley helped broker the purchase of Manchester City by Sheikh Mansour bin-Zayed bin Sultan Al Nahyan in 2009, and it was reported she led Dubai International Capital's £400m bid for Liverpool in 2008.
The Magpies have been relegated twice from the Premier League during Ashley's reign.
After winning promotion last season, Rafael Benitez's side are 11th in the Premier League after 12 matches.
•Photo shows NewCastle.
Source Daily Sports
Posted November 21, 2017
You may also like...
Mali Beat Tunisia As Ref Controversially Ends Match...
Argentina Will Improve Copa America Quarter Finals —...
Galatasaray Can Still Win Turkish League — Onyekuru...
Pep Guardiola CONVINCED Patrick Vieira is ready to...
Whyte eager to avenge Joshua loss
Delta Force Win First Game, Beat Visiting Go...
Organisers set N10m prize, Liverpool tour for Lagos tourney
Hearn labels Joshua’s boxing return ultimate comeback
3SC’s Adegoke shines as Chelle scouts NPFL players
Nigeria face Netherlands, Jamaica in 4x400m heat
Nigeria open African wrestling champs with four gold medals
Ecobank, NCF Set for 2026 National Schools Team Chess Championship
Nwabali’s Simba move collapses
Al Ahly edge Maktown Flyers in close BAL encounter
Portable, Efe trade words ahead Chaos in the Ring
NOC unveils Olympafrica Centre, Lagos sports estate
Okoye pleased with Lazio draw
Simba agent confirms Nwabali interest
Most Read
Rangers International going, going . . . (63,744 views)
Amaju Pinnick: A cat with nine lives (55,063 views)
Second Term: Amaju Pinnick, Other NFF Heavyweights Home to Roost •How Pinnick Broke the Jinx (53,000 views)
Current issues in Nigerian sports: Matters arising (52,586 views)
Sports Development: Zenith Bank on the zenith (52,521 views)
Missing $150,000 IAAF Grant: Solomon Dalung’s Hide and Seek game (52,416 views)
Gov. Abdullahi Ganduje’s solid footprints, commitment to sports development in Kano State (52,265 views)
NFF Presidency: Pinnick, Maigari, Ogunjobi, Okoye in Battle for Supremacy (51,814 views)
Olopade, BET9A wave of revolution in NNL (51,001 views)
Commonwealth Games 2018: Shame of Muhammadu Buhari, Solomon Dalung (49,506 views)
Ibrahimovic’s Man U exit: Whose decision is it? And in whose interest? (47,924 views)
John Mikel Obi: Segun Odegbami’s Outrageous Call! (47,384 views)