Kieran Maguire verdict on Newcastle-PIF deal being completed after jawdropping events
The formation of the European Super League could have left any hopes of a Newcastle United takeover dead in the water.
That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively about the now-scrapped breakaway competition.
The Premier League’s so-called ‘big six’ announced they were joining the ESL on 18 April before withdrawing just three days later.
A £300million Newcastle takeover bid led by the Saudi Public Investment Fund also collapsed last July amid a legal dispute with the Premier League.
However, Maguire claims that the formation of the ESL would have thrown a major spanner in the works.
“They may have still been interested but they would almost certainly have been less interested,” he told Football Insider correspondent Adam Williams.
“The rewards would have been substantially less for a club not in the franchise league.
“We’re not sure what the vehicle for qualification to the Super League would have been in terms of the five extra spaces.
“But in any case, the Premier League as a product would have been significantly devalued.
“It’s a mess that decreases the incentives for anyone looking to buy a club.”
The Newcastle United Supporters Trust recently announced its intention to buy a one per cent stake in the club.
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