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Premier League

Mike Ashley receives fresh hope from Amanda Staveley over Newcastle takeover bid


Amanda Staveley insists she will not give up in her plans to buy Newcastle United from Mike Ashley.

The financier is adamant that her company PCP Capital partners, the Reuben brothers and Saudi Arabia’s Public Investment Fund are determined to see through their purchase of the Magpies.

Staveley has contacted the government directly amid increased calls for the legal case with the Premier League and Ashley to be made public.

She told Sky Sports : “I am tenacious if nothing else.

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“We believe this is very important for Newcastle and the fans and we’re not going to give up. We don’t ever give up.”

Amanda Staveley is still looking to complete the purchase of Newcastle
Amanda Staveley is still looking to complete the purchase of Newcastle

Staveley and Ashley were close to thrashing out a deal last year, but the Premier League did not accept or reject their bid via the owners and directors test.

Staveley added: “I can absolutely sympathise with Mike’s position.

“He’s worked tirelessly to try and sell the club, he made a very public statement, I remember two years ago seeing him on Sky thinking ‘okay, there’s a real chance for us to buy Newcastle’.

“He said ‘I will sell the club, I need to have a buyer with deep pockets, it’s not really about the cash in my pockets, it’s about who will put the cash in Newcastle’s pockets’.

“So he’s done exactly what the fans urged him to do, but he can’t get there.

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“I feel disappointed because I also said to him when we struck a legal deal in April last year, and here we are some 15 months later and we’re still not there. I understand his position.”

After contacting MP Tracey Crouch, Staveley was referred to Oliver Dowden and has called for greater transparency.

She said: “I contacted both Oliver Dowden and Nigel Huddlestone, I sent a letter to them earlier this afternoon [Monday], we haven’t received a response but Tracey responded to us very quickly.

“We asked Mr Dowden to take the same issues I raised in the letter with Tracey to the government’s heart and we want to urge the government to add their voice to our request to the Premier League to have these processes maybe in public.

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Mike Ashley has been keen to offload the Magpies
Mike Ashley is open to offloading the Magpies

“We know nothing about the arbitration, we can’t be part of the arbitration and we don’t know what’s going on. By having it in a public forum we have a chance to understand what’s going on and how we deal with that.

“I don’t understand why there is an issue about transparency around all major businesses.

“I have to first of all say that I am a huge fan of the Premier League and naturally I am trying to become a part of that institution.

“We should be very proud of the Premier League, but with an institution which is as important to Britain and the UK, transparency around the decision that regulators make is important.

“We will never be able to see what goes on behind the scenes unless journalists and particularly the fans are able to really examine the materials held in these forums.”

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