PCP Capital’s bid for Newcastle United has been rejected because of a “major sticking point” over their request for compensation in the event of the team being relegated, according to a reliable journalist.
Sky Sports News’ north-east expert Keith Downie took to Twitter on Tuesday morning to report the latest on the offer from financier Amanda Staveley for the Premier League club.
Downie reported on his personal Twitter account that talks between the club and PCP are ongoing, but the buyer want “compensation if relegated”, which is set to be a bone of contention.
It was widely reported on Monday, including by Sky News, that Staveley’s PCP Capital Partners submitted a £300million offer to Magpies owner Ashley last week to buy the Tyneside club.
It is said that the next step would be to award Staveley “a period of exclusivity within which to negotiate a deal” and this could come as early as this week.
The wheels are in motion for this deal to be complete, and it appears that it could well be done by the new year.
Naturally, there are some major sticking points, as you would expect with the vast sums of money involved.
Given that the takeover could be completed midway through the season, it is understandable why Ashley would be unwilling to agree to paying compensation if Newcastle are relegated.
The team have begun the season solidly and are 11th in the table, five points above the relegation zone. It is a demand that the Sports Direct Tycoonwill not accept.
MAN UTD 4 NEWCASTLE 1 (Gayle)
Elliot, Yedlin, Lejeune, Clark, Manquillo, Murphy, Hayden, Shelvey, Ritchie (Aarons 66), Gayle (Diamé 77), Joselu (Mitrovic 71)
Subs: Pérez, Mbemba, Darlow, Gámez
NEWCASTLE 0 BOURNEMOUTH 1
Elliot, Yedlin, Lascelles (Clark 55), Lejeune, Manquillo, Ritchie, Hayden, Shelvey, Atsu (Murphy 82), Gayle, Joselu (Pérez 68)
Subs: Diamé, Darlow, Gámez, Mitrovic
BURNLEY 1 NEWCASTLE 0
Elliot, Yedlin, Lascelles, Lejeune, Manquillo, Shelvey, Diamé (Gayle 83), Ritchie (Murphy 79), Pérez (Hayden 76), Atsu, Joselu
Subs: Clark, Saivet, Darlow, Gámez
NEWCASTLE 1 CRYSTAL PALACE 0 ((Merino)
Elliot, Yedlin, Lascelles, Lejeune, Manquillo, Hayden (Merino 56), Shelvey, Ritchie, Pérez (Diamé 66), Atsu, Joselu (Mitrovic 78)
Subs: Clark, Murphy, Darlow, Gámez
SOUTHAMPTON 2 NEWCASTLE 2 (Hayden, Perez)
Elliot, Yedlin, Lascelles, Lejeune, Manquillo, Ritchie, Shelvey, Hayden, Atsu (Murphy 82), Perez (Merino 63), Joselu (Gayle 69).
Subs: Darlow, Clark, Gamez, Diame.
NEWCASTLE 1 LIVERPOOL 1 (Joselu)
Elliot, Yedlin, Lascelles, Clark, Manquillo, Shelvey, Merino (Hayden 74), Ritchie, Pérez (Diamé 90+1), Atsu, Joselu (Gayle 79)
Subs: Murphy, Lejeune, Darlow, Gámez
BRIGHTON 1 NEWCASTLE 0
Elliot, Yedlin, Lascelles, Clark, Mbemba (Gámez 83'), Hayden (Shelvey 68'), Merino, Ritchie, Pérez, Atsu, Joselu (Gayle 71')
Subs: Murphy, Diamé, Manquillo, Darlow
NEWCASTLE 2 STOKE CITY 1 (Atsu, Lascelles)
Elliot, Yedlin, Lascelles, Clark, Mbemba, Hayden (Shelveyat 69'), Merino, Ritchie, Pérez (Diamé 86'), Atsu, Joselu (Gayle 78')
Subs: Murphy, Manquillo, Lejeune, Woodman
SWANSEA 0 NEWCASTLE 1 (Lascelles)
Elliot, Manquillo, Clark, Lascelles, Gamez, Hayden (Diame 69), Merino, Ritchie, Perez, Murphy (Atsu 59), Joselu (Gayle 78).
Unused subs: Shelvey, Lejeune, Yedlin, Woodman.
NEWCASTLE 3 WEST HAM 0 (Clark, Joselu, Mitrovic)
Elliot, Manquillo, Lascelles, Clark, Mbemba, Merino, Hayden (Diaméat 82'), Ritchie (Murphy 88'), Pérez, Atsu, Joselu (Mitrovic 72')
Subs: Aarons, Saivet. Gámez, Woodman
LC NEWCASTLE 2 NOTTINGHAM FOREST 3 (Mitrovic, Aarons)
Darlow; Sterry (Lazaar, 58), Hanley, Mbemba, Gamez; Saivet, Barlaser (Hayden, 70); Murphy, Diame, Aarons (Ritchie, 76); Mitrovic (Joselu, 105).
Subs not used: Woodman, Lascelles, Manquillo.
HUDDERSFIELD 1 NEWCASTLE 0
Elliot, Manquillo, Lascelles, Clark, Mbemba, Hayden (Diame 76), Merino, Atsu, Perez (Murphy 80), Ritchie, Gayle (Joselu 52).
Subs not used: Saivet, Aarons, Darlow, Mitrovic.
NEWCASTLE 0 TOTTENHAM 2
Elliot, Manquillo, Lejeune (Mbemba 34'), Clark, Dummett (Lascelles 7'), Shelvey, Hayden, Ritchie, Pérez, Atsu, Gayle (Merinoat 76')
Subs: Murphy, Aarons, Merino, Darlow, Mitrovic
NEWCASTLE 2 HELLAS VERONA 0 (Perez, Atsu)
Elliot (Darlow 64), Manquillo (Gamez 64), Lejeune (Lascelles 64), Clark (Mbemba 64), Dummett (Merino 64), Ritchie, Shelvey (Aarons 64), Hayden, Atsu (Murphy 64), Perez (De Jong 72), Mitrovic (Diame 64)
WOLFSBERG 1 NEWCASTLE 3 (Mitrovic, Ritchie Pen, Atsu)
Elliot (Darlow, 70), Manquillo (Mbemba, 70), Lejeune (Lascelles, 70), Clark, Dummett (Gamez, 70), Ritchie (Murphy, 70), Shelvey, Hayden (Merino, 70), Atsu (Aarons, 70), Perez (de Jong, 70), Mitrovic (Diame, 46).
Subs not used: Colback, Gayle.
MAINZ 2 NEWCASTLE 1 (Gamez)
Darlow (Woodman 60), Yedlin (Manquillo 27), Clark (Mbemba 46), Lejuene (Merino 79), Dummett (Gamez 46), Colback (Shelvey 60), Diame (Perez 60), Murphy (Hayden 60), Ritchie (Aarons 46), De Jong (Atsu 60), Mitrovic (Gayle 60)
BRADFORD CITY 0 NEWCASTLE 4 (Gayle, Murphy 2, Mitrovic)
Elliot (Woodman, 61), Yedlin (Manquillo, 46), Lejeune (Mbemba, 61), Clark (Saivet, 77), Dummett (Gamez, 61), Atsu (De Jong, 61), Shelvey (Aarons, 61), Hayden (Colback, 77), Ritchie (Murphy, 46), Perez (Diame, 46), Gayle (Mitrovic, 61).
PRESTON 1 NEWCASTLE 1 (Mitrovic)
Elliot (Darlow, 46, Woodman, 70), Mbemba, Hanley (Yedlin, 46), Lejeune (Manquillo, 77), Dummett (Clark, 46), Atsu (Murphy, 46), Diame (Colback, 46), Shelvey (Hayden, 46), Aarons (Perez, 46), de Jong (Roberts, 62), Mitrovic (Gayle, 46).
HEARTS 1 NEWCASTLE 2 (Gayle 2)
Elliot (Woodman 63), Aarons(Gamez 46), Clark (Dummett 46), Mbemba (Hanley 62), Lascelles (Lejeune 46), Haidara (Colback 62), Shelvey (Saivet 46), Diame (Armstrong 62), De Jong (Lazaar 75), Atsu (Perez 46), Gayle (Mitrovic 46)