- Amanda Staveley, who tried to buy the club in 2017, fronting bid
- Documents have been lodged at Companies House
Mike Ashley’s controversial 13-year ownership of Newcastle could soon be over. A sale to a consortium fronted by the Yorkshire-born financier Amanda Staveley has been broadly agreed and documents lodged at Companies House last week provide concrete proof that advanced negotiations are well under way.
The paperwork suggests the proposed £310m deal involves Ashley apparently loaning Staveley’s company PCP Capital Partners £150m in an attempt to get an agreement over the line. It is understood that in reality Staveley is taking on a £110m interest-free loan the retail tycoon had made to Newcastle but the club will be purchased outright.
Written by Louise Taylor
This news first appeared on https://www.theguardian.com/football/2020/apr/14/newcastle-owner-mike-ashley-in-advanced-talks-to-sell-club-for-350m under the title “Newcastle owner Mike Ashley in advanced talks to sell club for £310m”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
