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Volume 6 No. 197


Fernando Alonso will continue to drive for McLaren Formula 1 in '18, according to Andrew Benson of the BBC. The two-time world champion believes McLaren's new engine deal with Renault will "return the team to competitiveness next year after three difficult seasons with Honda." Alonso spent some time "exploring his options both inside and outside F1" but said that he "feels at home" at McLaren. He added, "It was always where my heart was telling me to stay" (BBC, 10/19). Alonso will contest the '18 F1 world championship alongside Belgian Stoffel Vandoorne. McLaren Racing Dir Eric Boullier said, "Today's announcement shows that he's fully committed to racing and winning as a McLaren driver, and, while we've often shared his frustrations over the past few years, we now feel that we can deliver on our promise to give him a competitive car next season" (McLaren).

Amanda Staveley is "expected to launch a bid" for Premier League side Newcastle United, sources said, after the British businesswoman held a "constructive meeting" with the club’s hierarchy, according to George Caulkin of the LONDON TIMES. Staveley, who runs PCP Capital Partners and is reported to control £28B ($36.8B) of investments from the Middle East and China, is "understood to be pushing for a speedy purchase." She met Newcastle United Managing Dir Lee Charnley and Justin Barnes, a long-time associate of Owner Mike Ashley, "after the recent home match against Liverpool." The same sources said that Staveley and Newcastle signed a non-disclosure agreement. Neither party was "prepared to comment" on Wednesday. Four groups have reportedly agreed to NDAs with Newcastle, a "precursor to discussions about a price and then the undertaking of due diligence," but Staveley is "understood to be the frontrunner" (LONDON TIMES, 10/19). In London, James Burton reported a deal "may be done by Christmas" and Staveley could "pump" as much as £300M ($394.5M) into Manager Rafa Benítez's transfer funds. Ashley is thought to be "keen on rustling up more bids to force up the price for the club" (DAILY MAIL, 10/18).