Newcastle United takeover: This is why relegation could cost Mike Ashley £100m
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Newcastle, who were held to a 1-1 draw with Wolves at St James’s Park on Saturday evening, are in a relegation battle with under-fire Steve Bruce coming under increasing pressure.
Takeover talk continues to dominate the agenda on Tyneside and Ashley remains keen to sell to the PCP Capital Partners-led consortium.
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Hide AdVarious legal avenues are being explored after the deal was withdrawn last year – with hopes high on the buying side that a positive conclusion can be reached.
However, one financial expert believes relegation would force Ashley to slash the asking price by £100m.
In a column for Football Insider, expert Kieran Maguire said: “The price that has been discussed with regards to the PIF takeover was £300m.
“Mike Ashley was originally asking for about £350m but on the back of Covid, he’s had to drop the price. If they are out of the Premier League, there’s no guarantee you’re getting back first season.
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Hide Ad“Anybody buying the club this summer if Newcastle were in the Championship is immediately looking at £60m less in broadcast money and no guarantee the club is going to return the following season.
“I think he would have to knock off around a third of his asking price, to about £200m. The reason I say that is because if I was a buyer then why would I buy Newcastle in the Championship when I can buy Derby County who are allegedly going for £60m?”