The Premier League could be about to have a new set of owners, as Newcastle United look likely to undergo a takeover in the coming days.
News broke earlier on Wednesday that Saudi Arabia is set to lift its ban on beIN SPORTS , which could in turn have huge ramifications for Newcastle’s prospective takeover.
Liverpool fans may be familiar with Amanda Staveley, who is leading the consortium behind the proposed takeover at Newcastle.
The issue has been part of a dispute between Newcastle and the Premier League over a £300m takeover which collapsed in the summer of 2020.
But following today’s news, Newcastle insiders believe that the club’s takeover could now boil down to an out of court agreement between Mike Ashley and the Premier League .
That is according to ChronicleLive , who are reporting that Ashley now feels there is no reason why the deal can’t be pushed through.
An insider close to the deal told the Chronicle : “Mike thought the club was sold in April 2020 and he believes he has a deal now. It’s all down to Mike and the Premier League now.”
Liverpool fans will certainly be able to relate to their Newcastle counterparts after seeing the Tom Hicks and George Gillett reign eventually lead to the FSG era.
Before FSG completed their purchase of the club in 2010, Liverpool almost had different owners in the form of a consortium led by Staveley.
Back in 2008, Liverpool were in the first full season of Hicks and Gillett’s ownership with the Americans having taken over the club in February the previous year.
However, the owners weren’t universally popular with Reds fans to say the least, and when Staveley fronted a bid for the club involving Dubai International Capital, it garnered some support. Indeed a fan banner at Liverpool’s league game against West Ham United declared “We want one DIC not two”.
The interest came after DIC had first reportedly been in the mix before Hicks & Gillett completed their takeover in 2007, and Staveley revealed at the time that an agreement for Gillett to sell his stake and DIC to co-own the club with Hicks had been close.
“Of course the negotiations are complicated,” she said at the time.
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“The investment is very important to Tom and George, as it is to us. But it means a great deal to have the fans’ support. Liverpool has a huge following in Dubai and the Middle East.”
Staveley’s firm, PCP Capital Partners, has been involved in a number of sporting investments including parties based in the Middle East.
PCP was also involved in Sheikh Mansour’s takeover of Manchester City in 2008, with PCP reportedly heavily involved in Abu Dhabi’s investment in Barclays that same year.
“Amanda is known and trusted by her contacts in the Gulf like almost no other non-Arab,” a source told The Independent at the time.
“When the call came from Sheikh Mansour’s representatives it would have been in no small part due to the fact that they knew they were dealing with Amanda.”
The proposed Liverpool investment would have brought Staveley a place on the club’s board, according to reports at the time, but Hicks ultimately backed out of discussions due to concerns about how the club would be run were DIC to take a 49% stake.
“DIC made it clear that if they invested in the club, they would want it to be managed by committee,” the American said in March 2008 , in a statement confirming the termination of talks.
“It is clear to me that such a committee approach would not be in the best interest of Kop, of the club or of the club’s loyal and passionate supporters.”
Hicks and Gillett remained co-owners of Liverpool until late 2010, when the FSG takeover was officially completed.
Back in 2017, Staveley was present at the Reds’ Premier League meeting with Newcastle at St James’ Park, prompting speculation that her interest in a Liverpool takeover could be returning. However, it soon emerged that her new consortium, including Saudi interests, was focused on the opposition.
Now, more than four years on, it appears as though Staveley will finally get her wish of being involved in a Premier League club.
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