Latest News

Expert hints at potentially good news on Newcastle takeover front

Newcastle United supporters remain incredibly buoyant in the Transfer Tavern over a week on from their team’s magnificent 1-0 victory over Manchester United in the Premier League, a result which moved them out of the bottom three.

Rafa Benitez’s men slipped into the relegation zone just prior to kick-off last Sunday following Huddersfield Town’s 4-1 win over Bournemouth, yet the Magpies responded brilliantly to deservedly get the better of Jose Mourinho’s second place United. Matt Ritchie bagged the all important goal midway through the second half to clinch a vital three points for the North East giants, thus moving them up to 13th place in the Premier League table with just 11 games of the campaign remaining.

Consequently, there have been several delighted Newcastle fans in the Tavern in recent times, and they are likely to be further encouraged by a recent report from The Newcastle Chronicle, which details comments from finance expert Kieran Maguire hinting at potentially good news on the takeover front.

Mike Ashley remains the owner of the Magpies despite putting the club up for sale back in October, and since seeing Amanda Staveley’s PCP Capital Partners make a bid for the North East giants, only for Ashley himself to label negotiations a ‘waste of time’.

Yet a new Premier League TV deal has only recently been agreed, and finance expert Maguire reckons the deal, reportedly an area of uncertainty alongside Newcastle’s top-flight status, could see a ‘conclusion’ reached regarding a possible takeover if both parties remain keen.

He said: ‘I think given Ashley has probably factored in a rise in the domestic TV deal, we should – in theory – see a narrowing of the difference between the asking price and the price that Amanda Staveley should be willing to pay.

‘I think this allows them to reach a conclusion if both parties are serious about this transaction.’

And these comments are sure to intrigue our resident Magpies fans, several of whom are hoping Ashley does indeed relinquish his ownership of the club sooner rather than later.

Landlord’s verdict: Mike Ashley put Newcastle up for sale back in October, but four months on and the club remains in his hands.

Amanda Staveley’s PCP Capital Partners have reportedly had a bid for the North East giants turned down by Ashley, yet finance expert Kieran Maguire reckons that the recent Premier League TV deal could see the proposed takeover get closer given it hasn’t gone up as, he reckons, Ashley expected it to.

Thus, Maguire suggests that a ‘conclusion’ could be reached should both parties remain keen, in news which is sure to delight Newcastle fans up and down the country, with many hoping for a change of ownership sooner rather than later.

Newcastle fans… what do you make of the news? Let us know!

Like what the TT have on offer? Sign up for more notifications!
To Top