Dubai-based Staveley makes a £300 million bid for Newcastle

Amanda Staveley is believed to have been in talks with Newcastle about a potential takeover for several weeks. (Reuters)
Updated 21 November 2017
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Dubai-based Staveley makes a £300 million bid for Newcastle

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.


Van Dijk backs Salah to shine in Kiev showpiece

Updated 26 May 2018
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Van Dijk backs Salah to shine in Kiev showpiece

  • Virgil van Dijk: He (Mohamed Salah) is a nightmare for defenders, creating and scoring goals.”
  • Van Dijk: “To be calm, that is sometimes a very good thing to have, but personally sometimes I have to learn, too.”

LIVERPOOL: As Mohamed Salah prepares for a career-defining period, Virgil van Dijk is confident his Liverpool teammate’s star will only shine brighter on football’s biggest stages.
The Liverpool frontman will face-off with Ballon d’Or rival Cristiano Ronaldo and Real Madrid tonight in the Champions League final before heading off to a debut World Cup with Egypt.
And having witnessed an incredible season that has brought 44 goals — a record 32 in the Premier League ­— for the Egyptian star, Reds defender van Dijk says he has the all-round ability to strike fear into the reigning European champions and international sides.
“He is a nightmare for defenders, creating and scoring goals,” said the Dutchman of the 25-year-old Salah. “It’s complete for him.
“He’s like everyone in our squad, laidback, calm, no big personalities and egos. We work hard for each other and just want to be better.
“I think he can definitely be the best in Europe, but there are two other players who are pretty good at the moment as well (in Ronaldo and Lionel Messi). I hope for Mo it happens because he deserves it. He is that kind of player to light up a World Cup as well.”
While all eyes will be on Salah and Ronaldo as potential match-winners in Kiev, van Dijk, 26, will have a major role on the defensive front.
The game will offer the center-back the chance to prove he was worth the £75 million ($100 million) it cost to sign him from Southampton in January.
“Any player who arrived at this club, they want to play in these games, they want to be under this kind of pressure, they want to get trophies,” he said.
“I don’t think I have been bought to win the Champions League final. I have been bought to hopefully get the best out of myself and the best out of the team with the help of everyone else.
“To be calm, that is sometimes a very good thing to have, but personally sometimes I have to learn, too.
“Against Manchester City in the away game (of the quarter final) I was a little bit too calm in the beginning, for example. That is something I have to learn as well. To be in the final right now, it has been a crazy journey.”
Watching last season’s final between Real and Juventus, van Dijk realized just how much he wanted to be a part of the competition — and why Jurgen Klopp’s Liverpool were the club for him, despite interest from City.
“I never really go to big games to watch as a fan, but I was in Cardiff,” he recalled. “The sponsors (Sony) hooked us up with two fantastic seats and it was two hours from where I used to live, so we thought, ‘let’s go.’
“From the moment I got there a lot of people in hospitality were Liverpool fans and they were saying, ‘join, please join.’