English Premiership

£300 million bid tabled for Newcastle - reports

2017-11-21 07:16
Amanda Staveley.(Getty Images)

London - A British businesswoman has made a formal offer of around £300 million for Premier League club Newcastle United, according to British media reports on Monday.

Several media outlets, including the BBC, said Amanda Staveley's financial firm PCP Capital Partners had made a bid to Newcastle owner Mike Ashley.

Newcastle are yet to comment on the reports.

PCP Capital Partners is believed to have been in talks with Newcastle about a potential takeover for several weeks.

Sportswear magnate Ashley announced he wanted to sell the club in October after 10 years in charge, having paid £134,4 million to buy Newcastle in 2007.

The 53-year-old Londoner has proved a divisive figure during his tenure, which has seen Newcastle twice relegated from the Premier League and then immediately promoted back.

Staveley, 44, helped broker Sheikh Mansour's purchase of Manchester City in 2008.

She was spotted watching Newcastle's 1-1 draw with Liverpool at St James' Park last month.

Newcastle were promoted from the Championship under Rafael Benitez last season.

The northeast club regularly attract crowds of over 50 000, but their supporters have not had a trophy to celebrate since the 1969 Inter-Cities Fairs Cup (the precursor to the UEFA Cup).

NEXT ON SPORT24X

What To Read Next

 

Read News24’s Comments Policy

Live Video Streaming
Video Highlights
Sport Talk

Fixtures
Friday, 10 August 2018
Manchester United v Leicester City, Old Trafford 21:00
Saturday, 11 August 2018
Newcastle United v Tottenham Hotspur, St. James' Park 13:30
Fulham v Crystal Palace, Craven Cottage 16:00
Huddersfield Town v Chelsea, The John Smith's Stadium 16:00
Watford v Brighton & Hove Albion, Vicarage Road Stadium 16:00
AFC Bournemouth v Cardiff City, Vitality Stadium 16:00
Wolverhampton Wanderers v Everton, Molineux Stadium 18:30
Sunday, 12 August 2018
Liverpool v West Ham United, Anfield 14:30
Southampton v Burnley, St. Mary's Stadium 14:30
Arsenal v Manchester City, Emirates Stadium 17:00
Logs
Team P W PTS
Previous Results

Date Home Team Result Away Team
Vote

Who will claim the Premier League title at the end of the 2018/19 season?

 
 
Men
Women
Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...

Featured

The 2017/18 Absa Premiership season has wrapped up. For all the season highlights - and lowlights - be sure to visit Sport24!

Latest blogs
 

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.