Newcastle commercial income in line to skyrocket as Maguire delivers bold takeover prediction
Newcastle United will see their merchandise income skyrocket if the Saudi-backed consortium is successful in their takeover bid.
That is according to finance boffin and Football Insider columnist Kieran Maguire, speaking exclusively after Newcastle confirmed a partnership with kit supplier Castore via their official website on 2nd July.
The Daily Mail reported in April that the multi-year deal is set to be worth around £5million per season.
The club have since released their new home kit for 2021-22 in collaboration with the Liverpool-based sportswear brand.
Newcastle are confident a takeover deal can be completed once arbitration proceedings are complete later this month, as revealed by this site on 3rd June.
And Maguire predicts that Castore-Newcastle products will fly off the shelves if the deal is pushed through.
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He told Football Insider correspondent Adam Williams: “That [£5m figure] is probably in the right ballpark compared to the teams around them in the Premier League.
“They sell a lot of units. The PiF deal goes through, they’ll sell a lot more units because some fans are effectively taking a boycott approach to Mike Ashley’s Newcastle United.
“So a successful conclusion to the takeover of the club could result in additional sales because people will potentially want as much merchandise as possible.
“People will want something that they see as connected to a new regime that is taking the club forward.”
Castore are making inroads into the world of football after previously focusing on individual sports.
They also have Rangers and Wolves in their portfolio of football partners.