Monday night brought the latest twist in the ongoing Newcastle takeover saga.

With the Premier League dealing with PCP Capital Partners’ bid to buy the Magpies, fans are eagerly awaiting their decision.

But a report from the Mirror has caused some unrest. They state that there is another bidder for the club, waiting in the wings should Amanda Staveley’s attempts be rejected by the Premier League.

(Photo by PAUL ELLIS/AFP via Getty Images)

According to the Mirror, ‘American media mogul’ Henry Mauriss has a £350million bid ready and waiting if things fall flat for PCP Capital Partners.

The bid has reportedly been brokered by a former associate of Mike Ashley, and a man who was jailed for four years for fraud whilst he was head of JJB.

The man in question is Chris Ronnie, but the Mirror state he would have no further involvement in any deal.

 

Exclusivity

While this might be worrying to some fans, it is likely just a PR exercise.

(Photo by Daniel Chesterton/Offside/Offside via Getty Images)

PCP Capital Partners have exclusivity. They have paid a non-refundable deposit of £17million to Ashley. The only thing left is the owners and directors test conducted by the Premier League.

As the report states, this new ‘bidder’ is merely on standby IF things go wrong with Staveley’s Saudi-led takeover.

It’s too late for a new bidder. The only thing that could change things is if the new prospective owners fail the Premier League’s tests.

Our focus is still on waiting for official confirmation from the club and the Premier League. Talk of a new offer is irrelevant.

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