Source: TheGuardian
Doubts over Reuben family involvement in Newcastle takeover
• Uncertainty surrounds bid by Amanda Staveley• Staveley reported to have made £250m offer for club in NovemberA major British family investor, the first to be named by the businesswoman Amanda Staveley as a financial backer of her £250m bid to buy Newcastle United, has said they are not now planning to invest in the club. According to both parties, the Reuben family did agree financial terms to support Staveley’s bid in December, but after her offer was rejected, the family has not been involved with it since.A representative of Staveley, asked by the Guardian how she is proposing to fund the planned take-over of the club from the Sports Direct owner Mike Ashley, said on Wednesday that he had been authorised to reveal that the London-based Reuben family is one of her co-investors. Before that, Staveley had not publicly named any backers; sources close to her had said that she has £28bn under management from investors worldwide but that she might mostly pay for Newcastle herself. Related: Mike Ashley says there is no Newcastle deal with Staveley: ‘It’s been a waste of time’ Continue reading......read full article
