The Geordie dream appears one giant step closer to reality after Amanda Staveley has reportedly made a significantly larger bid in her attempt to purchase Newcastle United from long-embattled owner Mike Ashley. According to multiple reports out of the UK — the Telegraph offers the most information at this time — Staveley has increased her initial offer from $335 million to today’s $400-million figure which is expected to be enough to convince Ashley to accept and bring to an end his decade-long, rocky relationship with the Toon Army. Ashley purchased the club for $177 million back in 2007 and has reportedly invested somewhere in the neighborhood of another $177 million, in the form of interest-free loans, during his stewardship. He stands to make a sizable profit in light of today’s reports, though his original asking price of $534 million is nowhere close to being met.
Report: Newcastle sale closer after improved bid of $400 million
Pro Soccer Talk | Dec 13