Prospective Newcastle owners Amanda Staveley and PCP Capital Partners may be able to inject funds into the club for January transfer business even if a deal is not completed by then, according to the Chronicle.
The regional newspaper claim the Magpies are gearing up for a transfer window of austerity, with any January deals likely to be loans, and permanent deals only happening if player trading is involved.
A deal between Staveley and current owner Mike Ashley is said to be a way away, with a ‘significant distance’ between the two parties’ valuations.
This means that a deal is not likely to be completed before the January window, which will be a crucial period for the club as they look to avoid relegation.
However, the Chronicle claim that sources with knowledge of recent takeovers at the top end of English football have raised the possibility of a different option.
If there is progress on the takeover front in the next few weeks, ideally with Staveley and Ashley entering into a period of exclusivity, then PCP may be able to provide funds to the club to secure their investment.
Such an arrangement has been seen in a recent Championship takeover, and also took place during Manchester City’s takeover in 2008, with £32.5million advanced for the purchase of Robinho.
For this to happen, the two parties must crucially agree on a price, with assurances made that a takeover is to happen. Any loan would be would be recalled if the takeover did not happen, and Ashley would therefore need to be sure of the buy-out.
The crucial point for Newcastle fans ever since news of a possible takeover emerged has been the January window, and the need for reinforcements has since increased further with the team’s poor performances on the pitch. While a takeover completed by January now looks a distant possibility, this stunning new development will hearten the Toon Army, who will now hope that the necessary progress is made soon.