London (AFP) – Newcastle United owner Mike Ashley has ended takeover talks with prospective buyer Amanda Staveley, according to reports.
Ashley put the Premier League club up for sale in October and had been engaged through his representatives with Staveley’s PCP Capital Partners in a bid to thrash out a deal for the club he has owned for more than a decade.
However, on Tuesday it became clear that Ashley had finally lost patience and ended negotiations.
In a statement authorised by Ashley, a source close to the owner told Sky Sports: “It’s only right to let the fans know that there is no deal on the table or even under discussion with Amanda Staveley and PCP.
“Attempts to reach a deal with Amanda Staveley and PCP have proved to be exhausting, frustrating and a complete waste of time.”
Staveley was involved in introducing Sheikh Mansour to Manchester City before he bought the club in 2008.
Her appearance at St James’ Park for Newcastle’s match against Liverpool in October sparked hopes among Magpies fans of a similar transformation in their club’s fortunes.
It has been suggested that Staveley’s unknown investors were from the Middle East, east Asia and the US and had made an offer of around £250 million.
But despite being photographed meeting Staveley in London last month, Ashley has decided to walk away from the deal.
200+ Channels With Sports & News
- Starting price: $33/mo. for fubo Latino Package
- Watch Premier League, World Cup, Euro 2024 & more
- Includes NBC, USA, FOX, ESPN, CBSSN & more
Live & On Demand TV Streaming
- Price: $69.99/mo. for Entertainment package
- Watch World Cup, Euro 2024 & MLS
- Includes ESPN, ESPN2, FS1 + local channels
Many Sports & ESPN Originals
- Price: $6.99/mo. (or get ESPN+, Hulu & Disney+ for $13.99/mo.)
- Features Bundesliga, LaLiga, Championship, & more
- Also includes daily ESPN FC news & highlights show
2,000+ soccer games per year
- Price: $4.99/mo
- Features Champions League, Serie A, Europa League & NWSL
- Includes CBS, Star Trek & CBS Sports HQ
175 Premier League Games & PL TV
- Starting price: $4.99/mo. for Peacock Premium
- Watch 175 exclusive EPL games per season
- Includes Premier League TV channel plus movies, TV shows & more
- New CEO aims to make Bundesliga world’s ‘most digital league’
- UK government in talks with ‘international partners’ over Chelsea sale
- West Ham’s Bowen named in England squad for Nations League
- Bayern sign right-back Mazraoui from Ajax
- BBC apologises to fans after ‘Manchester United are rubbish’ gaffe
- Former Bayern boss Kovac to coach Wolfsburg
- Ancelotti ‘respects’ Mbappe decision, says Real Madrid focused on final
- UK police to take no action after Vieira ‘kick’ at Everton fan
- West Ham’s Kurt Zouma pleads guilty to kicking pet cat
- Top-tier Chongqing latest Chinese football club to fold