Kieran Maguire has made a claim involving the prospective new owners at Newcastle United should a takeover be pushed through.
The Lowdown: Partnership announced
Last month, the St James’ Park club announced a new commercial deal with eToro.
Are the Premier League to blame for the Newcastle takeover collapse?
The online social investment platform will now be allowed to advertise at St James’ Park and take advantage of a number of other marketing opportunities.
The Latest: Maguire on partnership
Speaking to Football Insider, football finance expert Maguire has now claimed that the prospective new owners would have been advised over the value of the deal with eToro, in case they can push the takeover through. He said:
“The way you value a club is you look at the future cash being generated.
“If the deal negotiations are at an advanced stage, the prospective new owners will have been advised as to the value of the deal with eToro and other partners.
“Given that Mike Ashley has still got to persuade them to pay a final price, if he locks the club into low-value deals, especially on a long-term basis, that is no good for him.
“If the club has been locked into lower-value revenue streams, that’s going to have an impact on what Ashley can charge.
“It’s not in Ashley’s interest or the new owner’s interest to be tied into them.”
The Verdict: Still hope
There is still hope that a takeover can be pushed through on Tyneside, as the prospective new owners will want to know what is going on inside the club in case they are able to take charge.
The arbitration case between Newcastle and the Premier League over the stalled bid is set to take place early next year, and a positive result for Mike Ashley could see him finally sell.
Nonetheless, the Toon Army will have to be patient after a disappointing summer transfer window which only saw them bring one player on a permanent deal in Joe Willock from Arsenal, and next year could well be their time.
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