Football finance expert Kieran Maguire has dropped a big claim on the potential takeover of Newcastle United after some latest insight was shared from the parties involved.
The Lowdown: Latest takeover insight
As per Football Insider, a source has shared that all parties involved in the deal are still fully committed and that there is growing hope that it will be concluded by the end of July following their arbitration case against the Premier League.
Are the Premier League to blame for the Newcastle takeover collapse?
The North East club are privately confident that the top flight will approve the bid after the hearing takes place, suggesting that they believe that the results will go in their favour.
The Latest: Maguire on takeover
Speaking to Football Insider in reaction to the news from their source, Maguire, who is an expert in the field of football finance, has claimed that if the Tyneside club do get the green light in terms of the takeover, then the deal could well be pushed through straight away, and believes that that is what the Magpies would want to do:
“As soon as they get the green light, there’s no reason the deal can’t go through straight away.
“A bit like the Ancelotti [to Real Madrid] deal, where there’s a will, there’s a way. You can get these things through very quickly because the accountants and the lawyers will simply work 24/7.
“Does PIF have to raise the cash? No, they’ve got the cash. It’s as simple as transferring it from one person’s account to another.
“Would they want that to be as soon as possible? Yes, because every day you delay is a day when you’re not able to go into the transfer market.
“Get it done and you can immediately start to utilise some of that big budget for next season.”
The Verdict: Newcastle will want takeover done as soon as possible
Given that the new season would be fast approaching by the end of July, and that Steve Bruce’s team would already be deep into the summer transfer window, there is no doubt that the Toon would want the takeover to be completed as soon as possible if given the go ahead.
NUFC will want to know what kind of calibre of player that they would be able to go for, and also how much money they would be able to spend, as their transfer kitty would increase dramatically if the money came through from the takeover.
However, this all depends on the results of the arbitration case of course, which is not guaranteed to go in the way of Newcastle, despite the reported confidence from the parties involved.
Nonetheless, the Magpies will ideally not want any uncertainty with regards to the takeover going into the new campaign, in order for them to be as best prepared as possible.
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