Amanda Staveley's bid for Newcastle falls short

Mike Ashley will not accept a £250million offer from Amanda Staveley for Newcastle United.
Mike AshleyMike Ashley
Mike Ashley

Staveley – who leads PCP Capital Partners – has been in talks over a takeover.

But the Middle East-based financier and Ashley, United's owner, are still some way apart in their valuations of the Premier League club.

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Staveley, looking to buy the club before the end of the January transfer window, has reportedly made an offer of a one-off £250million payment.

Ashley, keen to sell by Christmas, originally wanted closer to £400million, though he was willing to accept staggered payments.

The billionaire is yet to receive an acceptable offer for the club, which is 15th in the league.

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The Gazette, however, understands that neither side has set a deadline, and Ashley is prepared to wait for the right offer.

There will have to be movement on both sides if a deal is going to be done.

Ashley could yet seriously consider a £300million-plus offer for the club, which he bought a decade ago for £134million.