Newcastle owner Mike Ashley has been offered £300million to sell the club to Staveley, acting on behalf of company PCP Capital Partners. Staveley, 44, has already overseen club takeovers by aiding Sheikh Mansour’s acquisition of Manchester City in 2008. She is now working with PCP to buy out Ashley and complete the Newcastle takeover. One expert has suggested the cash needed to back the bid will come from Dubai or Saudi Arabia. And, with the two Middle Eastern countries currently at odds with Qatar - who own PSG and have pumped millions into the club as part of their own international branding exercise - there is speculation Newcastle could be used in the same way, with big-money transfers and huge investment on the horizon. “Early indications that Chinese investors were about to buy the club were someway wide of the mark, following a clampdown by the Beijing authorities on outward foreign investment,” says Simon Chadwick, professor of sports enterprise at the University of Salford Business School.
Newcastle takeover: Expert hints at big-money signings to rival PSG under new regime
Express | Nov 21