LONDON: Amanda Staveley’s Dubai-based financial advisory firm PCP Capital Partners has made a formal offer of around £300 million ($397 million) for Newcastle United.
Several media outlets, including the BBC, said the firm had made a bid to Newcastle owner Mike Ashley.
Newcastle are yet to comment on the reports.
The bid is likely to be backed by funds from her extensive network of contacts in the Middle East, Asia and elsewhere.
Globally PCP has $37 billion of assets under management, with Staveley acting for big Gulf investors in London real estate and other assets, as well as for wealthy Chinese investors.
Staveley is believed to have been in talks with Newcastle about a potential takeover for several weeks.
Sportswear magnate Ashley announced he wanted to sell the club in October after 10 years in charge, having paid £134.4 million to buy Newcastle in 2007. It has been reported that he wants nearer £400 million for northeast side.
The 53-year-old Londoner has proved a divisive figure during his tenure, which has seen Newcastle twice relegated from the Premier League and then immediately promoted back.
Staveley, 44, helped broker Sheikh Mansour’s purchase of Manchester City in 2008.
She was spotted watching Newcastle’s 1-1 draw with Liverpool at St. James’ Park last month.
Newcastle were promoted from the Championship under Rafael Benitez last season.
The northeast club regularly attract crowds of over 50,000, but their supporters have not had a trophy to celebrate since the 1969 Inter-Cities Fairs Cup — the precursor to the UEFA Cup.
Dubai-based Staveley makes a £300 million bid for Newcastle
https://arab.news/n6bnt
Dubai-based Staveley makes a £300 million bid for Newcastle
‘Relieved’ Rahm wins LIV Golf event in Hong Kong
- Jon Rahm said he was “very relieved” after scoring a final-round 64 to win the LIV Golf event in Hong Kong by three shots on Sunday
HONGKONG: Jon Rahm said he was “very relieved” after scoring a final-round 64 to win the LIV Golf event in Hong Kong by three shots on Sunday.
It was the 31-year-old Spaniard’s first victory since LIV Golf Chicago in 2024 and ended a run of four runner-up finishes on the Saudi-backed circuit.
“Very relieved, just happy I could enjoy the walk down the 18th,” the two-time major champion said at Hong Kong Golf Club after finishing on 23-under, with Thomas Detry of Belgium second.
“I played really good all day,” said Rahm, who made eight birdies against two bogeys in his final round at Fanling.
Rahm, who celebrated his third LIV win, added: “Even though I shot six-under, what could have been with quite a few short putts missed and an errant shot on 18.
“It was incredible. But I just tried to stay very patient and committed to each shot, knowing that I was doing everything right and things were going to happen.
“I think that was the theme pretty much every round this week.”
Runner-up Detry was only able to play in Hong Kong after Rahm arranged a private jet to fly the Belgian and several other LIV players out of the Middle East.
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