Newcastle United takeover: advanced talks between Ashley and Staveley with new documents released

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Newcastle United has yet to comment on any new suggestions that Amanda Staveley has advanced in its offer to buy the Magpies.

Staveley is part of a group offer to buy Newcastle which includes the Saudi Arabian Public Investment Fund with David and Simon Reuben.

However, Companies House documents show that there have been official contacts between Staveley, who at one time flew the flag of PCP Capital Partners, and Mike Ashley’s St James ‘Holdings.

The documents also suggest that a £ 150 million loan agreement has been reached between Staveley and Ashley.

And talks are said to be at an advanced stage between the parties concerned.



Latest Companies House Documents
Latest Companies House Documents

Chronicle Live reported last week that there had been a dialogue between the consortium with which Staveley is involved and Ashley last week.

Ashley is believed to be in the United States, where he was before government measures on social distancing were implemented in the United Kingdom, but he continues to call the shots from his vacation home and has put the majority of its staff out of scope two weeks ago.

The new documents show an expense record between PCP Capital Partners of Staveley.

The “Registration of an Office” and includes the names of Staveley and others who have been involved in takeover discussions such as Justin Barnes.

A “charge” is the guarantee that a business gives for a loan.

Ashley and Newcastle were asked to comment but have yet to respond.

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