Kieran Maguire drops intriguing Newcastle takeover reveal after getting 'official word'
The consortium pursuing a Newcastle United takeover will not look elsewhere even though “the official word is the deal is off”.
So says finance guru Kieran Maguire, speaking exclusively to Football Insider about the latest developments in the takeover saga.
Chronicle Live reported on 27th July that Mike Ashley has reassured PCP Capital Partners that the door will stay open after arbitration is complete.
Arbitration proceedings were pushed back until early 2022 on 20th July due to issues over the disclosure of evidence.
Mike Ashley struck a deal with the PCP group last summer only for it to be abandoned because of the latter’s alleged links to the Saudi state.
But Maguire claims that the consortium is unlikely to turn its attention to buying another club of a similar stature as a matter of principle.
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“There is nothing to stop them from looking elsewhere,” he told Football Insider correspondent Adam Williams.
“But I really think there is an element of pride in this business, to a certain extent.
“The consortium feels that they have nothing to hide and that their financial approach is honourable.
“They want to win this case because they feel they have been dishonoured by the Premier League in the approach which has been taken.
“I think that as much as anything else is preventing them from looking elsewhere.
“But there is no deal sealed because the official word is that the deal is off, even though the two sides clearly have an amicable relationship.”