News recently broke that an investment group based in Dubai made a £300 million bid for Newcastle Utd. Amanda Staveley, the head of PCP Capital Partners, was in the crowd when Newcastle drew with Liverpool last month. The current owner, the much maligned Mike Ashley, values the club at £350 million. So, a compromise will need to be reached.
A New Start For Newcastle?
Newcastle supporters have never hidden their apathy towards Mike Ashley. They do not agree with how he runs the football club and they believe he takes out more than he puts in. With an average net transfer spend of just £4.2 million in the past 10 seasons, it is easy to see why fans are unhappy.
Newcastle legend Alan Shearer worked under Ashley as manager. He believes that new owners would be good for the club. Shearer said: “I don’t know any more about it than you do really. Obviously Mike Ashley has decided that he wants to sell the club but we will see what happens next. I hope it will be a very good thing in the long run for the football club.”
Who Is Amanda Staveley?
So just who is Newcastle's prospective new owner? Well, Amanda Staveley is a 44 year old woman from North Yorkshire who has forged lots of contacts in the Middle East. She played a central role when Sheikh Mansour invested a huge amount of money in Barclays in 2008. She also has experience when it comes to purchasing football clubs.
Staveley was involved in the negotiations for Sheikh Mansour's successful bid to buy Manchester City. She couldn't strike a deal for Sheikh Mohammed to purchase a 49% share in Liverpool, so she knows that these deals can go either way. If she does manage to finalise a deal for Newcastle, their fans will be hoping she shows more ambition than Mike Ashley.