Newcastle takeover PROOF as documents show Amanda Staveley’s PCP Capital Group talks with Mike Ashley

Newcastle owner Mike Ashley may finally be relinquishing control of the Premier League club with documents being released showing talks between Amanda Staveley and himself.
Staveley is part of a group bid to buy the top-flight club that includes Saudia Arabia’s Public Investment Fund along with British businessmen David and Simon Reuben.

    Is Ashley’s time as Newcastle owner finally coming to an end? 

A 31-page ‘Registration of a Change’ form has been filed with Companies House which involve Staveley’s PCP Capital Group firm and Ashley’s St James’ Holdings company.
A ‘charge’ is the security a company gives for a loan. The Newcastle Chronicle reports that talks are believed to be at an advanced stage between the relevant parties. Newcastle have yet to make a comment on the reports.
Staveley’s interest in Newcastle dates back to 2017, with Ashley putting the club up for sale in October of that year.
However, her takeover bid failed in 2018 having failed to meet Ashley’s understood asking price of £400million.

    The documents from Companies House show talks are ongoing   












    Will Staveley be able to get the takeover done? 

But these latest documents suggest Ashley is ‘essentially helping to fund Staveley’s bid to purchase the club’, according to the Shields Gazette.
It’s understood St James Holdings is agreeing to loan at least £150m to Staveley’s company which would help Ashley to fund a deal.

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Ashley would retain money in Newcastle but would crucially be relieved of taking over the day-to-day runnings of the club.
PCP Capital Parners is a Mayfair-based financial advisory firm which actually helped broker Sheikh Mansour’s takeover of Manchester City in 2008.
On the pitch, it has been a fairly productive season for Newcastle before the coronavirus pandemic halted football around the world.
The Magpies, managed by Steve Bruce, are 13th in the Premier League and eight points clear of the relegation zone.

                            , <br>TalkSport