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Two investors in talks with Mike Ashley over buying Newcastle

:Headline: Two investors in talks with Mike Ashley over buying Newcastle: ID:387476: from db_amp
Amanda Staveley attempted to buy the Magpies two years ago.
PA | 1mo

Newcastle owner Mike Ashley is in talks with two potential buyers, the PA news agency understands.

Talks between Ashley's representatives and a consortium assembled by Amanda Staveley, which includes Crown Prince Mohammed bin Salman's Saudi Sovereign Wealth Fund, have been ongoing for around four months, it has been revealed.

A second unnamed group is also in discussions over a prospective takeover, although neither has yet reached agreement with Ashley.

A report in the Wall Street Journal has claimed a £340million bid from Staveley's consortium is on the table and that a deal could be struck within weeks.

However, sources close to the talks, while acknowledging they have taken place, have expressed caution. There has been no official comment from the club.

Ashley is currently out of the country and is understood to be less than impressed that details of the negotiations have been made public.

It is not the first time Staveley has tried to buy the club. Ashley broke off talks with her PCP Capital Partners in January 2018, accusing her of wasting his time, with Tyneside gripped by the saga.

Newcastle have been for sale for much of the Sports Direct owner's near-13 years at the helm, but a series of interested parties – former Manchester United and Chelsea chief executive Peter Kenyon among them – have failed to prise it from his grasp.

Ashley has insisted that any deal must be done in private, a point he made forcefully in a rare interview last year.

He said: "The reality is with these deals that once it gets out, if it's not done, it's probably not going to get done."

Ashley, despite the scepticism of some fans, is keen to sell, but crucially, he does not have to and that means he is likely to hold out for the right buyer and the right deal.

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Premier League Table
TeamPWDLFAGDPTS
1Liverpool27261064174779
2Manchester CityMan City27183668293957
3Leicester CityLeicester27155754272750
4Chelsea2713594537844
5Manchester UnitedMan Utd27118841291241
6Tottenham HotspurSpurs2711794436840
7Sheffield UnitedSheff Utd27101072925440
8Wolverhampton WanderersWolves2791263832639
9Arsenal2781363936337
10Burnley27114123339-637
11Everton27106113641-536
12Southampton27104133448-1434
13Crystal Palace2789102432-833
14Newcastle UnitedNewcastle2787122441-1731
15Brighton & Hove AlbionBrighton27610113239-728
16Bournemouth2775152643-1726
17Aston Villa2774163452-1825
18West Ham UnitedWest Ham2766153248-1624
19Watford2759132443-1924
20Norwich CityNorwich2746172451-2718
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