Newcastle halt takeover bid

By Daily Sports on January 17, 2018

Views: 975

Newcastle United owner Mike Ashley has ended takeover talks with prospective buyer Amanda Staveley, according to reports.

Newcastle Ashley put the Premier League club up for sale in October and had been engaged through his representatives with Staveley’s PCP Capital Partners in a bid to thrash out a deal for the club he has owned for more than a decade.

However, on Tuesday it became clear that Ashley had finally lost patience and ended negotiations. In a statement authorised by Ashley, a source close to the owner told Sky Sports: “It’s only right to let the fans know that there is no deal on the table or even under discussion with Amanda Staveley and PCP.

“Attempts to reach a deal with Amanda Staveley and PCP have proved to be exhausting, frustrating and a complete waste of time.”

Staveley was involved in introducing Sheikh Mansour to Manchester City before he bought the club in 2008. Her appearance at St James’ Park for Newcastle’s match against Liverpool in October sparked hopes among Magpies fans of a similar transformation in their club’s fortunes.

It has been suggested that Staveley’s unknown investors were from the Middle East, east Asia and the US and had made an offer of around £250 million. But despite being photographed meeting Staveley in London last month, Ashley has decided to walk away from the deal. (Vanguard)

•Photo shows Newscastle owner, Mike Ashley.

 

Source Daily Sports

Posted January 17, 2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

You may also like...
West Ham’s resurgence after Payet’s exclusion shows the...

Neymar offers to pay $2.5 million fine to...

Et tu Tony?: Ex-Arsenal captain’s criticism of Wenger...

Leon Balogun returns from injury

Davids clinches 100m gold at Youth Olympics

Mikel proud to receive African Player of the...

 

Latest News Chelsea salvage unbeaten record against Manchester United Alaves shoot to top of La Liga after beating Celta Vigo Battle of Stamford Bridge: How Mourinho should be treated — Chelsea boss Sarri Aruna Quadri knocked out of ITTF World Cup Buffon happy with PSG Coach Style Man Utd fined, Mou warned by Uefa over late Valencia kick-off Barcelona have no plans to re-sign Neymar — Club Vice President Nigeria to participate in World U-19 Volleyball Championship Two Ugandan athletes to be deported Wimbledon to have final set tie-breaks from 2019 Jabeur becomes first Tunisian to reach WTA final McLaren will not enter IndyCar in 2019

 

Most Read Rangers International going, going . . . (44,440 views) Amaju Pinnick: A cat with nine lives (36,524 views) Missing $150,000 IAAF Grant: Solomon Dalung’s Hide and Seek game (35,307 views) Sports Development: Zenith Bank on the zenith (34,409 views) Current issues in Nigerian sports: Matters arising (33,703 views) Gov. Abdullahi Ganduje’s solid footprints, commitment to sports development in Kano State (33,304 views) Commonwealth Games 2018: Shame of Muhammadu Buhari, Solomon Dalung (32,661 views) Second Term: Amaju Pinnick, Other NFF Heavyweights Home to Roost •How Pinnick Broke the Jinx (32,488 views) Olopade, BET9A wave of revolution in NNL (32,373 views) NFF Presidency: Pinnick, Maigari, Ogunjobi, Okoye in Battle for Supremacy (31,561 views) Ibrahimovic’s Man U exit: Whose decision is it? And in whose interest? (29,639 views) World Cup Friendlies: Eagles Beware! (28,838 views)

 

 


 

News Athletics (266) Basketball (125) Boxing (515) Columnists (342) Euro Soccer Update (3338) Fans Assembly (3) From the Grassroots (44) Golf (67) Interviews (14) Live Commentary (2) News (4358) NPL Glo Premier League (957) People and Places (22) Readers Parliament (5) Tennis (465)

 

 

Classic games

 

Phone numbers

Tel: +234(0)8066020976
+234(0)8055068145
+234(0)7013416146
+234(0)8094272884

Email addresses

info@dailysportsng.com
support@dailysportsng.com
publisher@dailysportsng.com

Office address

No 3, Adetoun Close, Off College Road, Ogba, Ikeja Lagos.
Website: www.dailysportsng.com

Social Media