A potential Newcastle United investor would be attracted by the club’s top-flight status and 52,000-seater stadium but put off by a mammoth wage bill.
That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after EFL club Derby County’s takeover bid from Bin Zayed International collapsed, as per The Telegraph.
Maguire has previously told this site that Derby’s £60million asking price could sway potential investors in its favour over a £300m Newcastle purchase – a £240m disparity.
For Newcastle fans desperate to oust Mike Ashley, the news that the East Midlands club is back on the market will naturally come as a body blow.
Maguire claims that potential investors might be more attracted to Derby because of their diminutive wage bill but to Newcastle because of its matchday income.
“A benefit of Derby over Newcastle is that you’re inheriting a much lower wage bill,” he told Football Insider correspondent Adam Williams.
“Therefore, if you want to put more money into the club, you’ve got more flexibility in that regard. If there are players you want moved out, it’s less costly for the owner.
“The advantage of Newcastle is that it’s presently a Premier League club. Even if it gets relegated, you’re going to get three years worth of parachute payments which are worth the thick end of £100m.
“It’s a bigger ground and therefore a bigger fanbase so you have more money coming in. I think you’d have to assess those two issues against each other.”
Newcastle are fighting for Premier League survival and are currently two points above the drop zone, though they do have a game in hand on 18th-place Fulham.
Derby are also facing a relegation battle in the Championship, finding themselves in 19th place.