Newspaper article Evening Chronicle (Newcastle, England)

There Is Only One Call Toon Owner Needs to Make Now

Newspaper article Evening Chronicle (Newcastle, England)

There Is Only One Call Toon Owner Needs to Make Now

Article excerpt

ROME was not built in a day and neither are takeover bids. They take months of planning, hundreds of hours of analysis to establish the facts and millions of pounds to reach conclusion.

They need a willing buyer as well as a willing seller and, despite the recent run of poor results which have engaged the mind of supporters over recent weeks, one constant has been the presence of PCP Capital Partners as the only show in town when it comes to offers to purchase the club.

It was back in October Mike Ashley announced his intention to put the club up for sale when he informed supporters that: "As one of the Premier League's oldest and best supported football clubs - and for the benefit of its many fans and supporters in the UK and across the world - Newcastle United requires a clear direction and a path to a bright and successful future.

"To give the club the best possible opportunity of securing the positioning and investment necessary to take it to the next level, at what is an important time in its history, its present ownership has determined it is in the best interests of Newcastle United and its fans for the club to be put up for sale.

"To give an incoming owner the maximum possible flexibility to make meaningful investment in the club, including in its playing squad, the sale process will give interested parties the opportunity of deferring substantial payments."

Amanda Staveley and her team showed their hand quite early and not long after Ashley's statement was released.

It was heavily reported at the time he wanted the club sold before Christmas, such was his eagerness to end his tenure on Tyneside.

Therefore they studiously conducted their due diligence and posted their offer after a full and forensic assessment of the club.

Key to that valuation was the presence of Rafa Benitez.

Newcastle United supporters are not stupid. …

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