A relegation claim has been dropped on a potential takeover of Newcastle United involving Mike Ashley.
Speaking to Football Insider, football finance expert Kieran Maguire has claimed that the chief executive of Sports Direct would be ‘doing well’ if he gets half of his original £300m asking price of the club if they were to find themselves relegated from the Premier League by the end of the season. Maguire outlined:
“I think Ashley is trying to ensure that the club is in the Premier League when he sells it.
“Newcastle is worth £300m as a Premier League club. If he gets half of that in the Championship, he’ll be doing well.”
Newcastle must stay up
If Newcastle have any chance of being taken over by the Kingdom of Saudi Arabia (KSA) group, then they must ensure that they stay in the top flight come the end of the season.
Are the Premier League to blame for the Newcastle takeover collapse?
The KSA’s Public Investment Fund (PIF) would surely see the Tyneside club as a far less attractive one to buy if they are stuck in a lower division, and so they may not want to come back onto the table.
This may open the door for other potential investors to swoop in, but question marks would then have to be raised about Ashley if he would like to sell the Magpies for a potentially much lower price than what he had originally stipulated given that they were in the top flight.
Nonetheless, it is a dilemma which will come into fruition at the end of the campaign when the fate of Steve Bruce’s team is known.
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