Newspaper article Evening Chronicle (Newcastle, England)

NUFC 'Is Valued at PS303.7m'

Newspaper article Evening Chronicle (Newcastle, England)

NUFC 'Is Valued at PS303.7m'

Article excerpt

FINANCIER Amanda Staveley values Newcastle United at PS303.7million, according to London newsagency Reuters.

The claim suggests that the firm that Staveley is leading - PCP Capital Partners - would be keen to bid below previously reported valuations of around PS380-PS400million.

The Reuters report read: "PCP, which has not yet put in an offer for Newcastle United, believes the club is worth around 300 million pounds with a further 150 million pounds needed to invest in players over the next two years, according to the source, who spoke on condition of anonymity because the deal is not public.

"The club has said they were willing to listen to offers that would be capable of 'delivering sustained investment' towards achieving their ambitions in the top flight."

Mike Ashley's lawyer Andrew Henderson has received fresh enquiries from those interested in buying Newcastle United.

However, significantly, no other parties that have joined the four groups that have signed non-disclosure agreement forms that would trigger further discussions. …

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