Amanda Staveley's PCP Capital Partners 'table £300m bid' for Newcastle

Amanda Staveley's consortium have bid £300million for Newcastle United, according to a report.

Monday, 20th November 2017, 6:02 pm
Updated Tuesday, 12th December 2017, 12:02 pm
Amanda Staveley

Sky News are reporting that PCP Capital Partners, headed up by Staveley, have formally lodged a bid for the club after a period of due diligence.

"PCP Partners headed by Amanda Staveley has tabled a formal takeover bid for Newcastle United Football Club in the region of £300m and they hope to get exclusivity on talks this week," tweeted Sky News.

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Newcastle owner Mike Ashley formally put the club up for sale last month.

And Staveley's group was one of a number of potential buyers to sign non-disclosure agreements over the past few weeks.

The financier has been looking through the club's books.

Sky News add that "PCP's money is a combination of Ms Staveley's equity and that of her major investors, which include funds based in the Middle East".