Pundit expects Newcastle to blow Man United out of the water after £442m development
Man United’s share price has dropped because Newcastle United “will be able to outspend everyone” under new ownership, according to Kevin Campbell.
However, the former Arsenal and Everton, speaking exclusively to Football Insider, claimed the Glazers will not be worried by the developments.
A PIF-backed takeover of Newcastle was ratified by the Premier League last Thursday.
According to football finance expert Kieran Maguire, Manchester United’s shares fell by £442.6million in a week, in part, due to threat of increased competition from Newcastle under new ownership.
The Glazer family’s sale of £9.5million of their shares is cited as another contributing factor.
When asked by Football Insider‘s Dylan Childs if the Glazers would be worried by the takeover, Campbell said: “This is a weird one.
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“Will they be worried? I don’t think so because they have their own house to sort out.
“The fact of the matter is, Newcastle will be able to outspend everyone. I think that has been reflected in the share price.
“But Newcastle are not there yet. They are nowhere near there yet. Yes, they have got the money but that does not mean you are going to be successful. They will be able to compete with everyone else though if they get it right on and off the field.
“Newcastle have some tough decisions coming up. They need chemistry, quality and leadership to challenge. Newcastle have not had that since [Kevin] Keegan.
“The Glazers will of course be talking about it. I’m not sure they’re too worried though because they know FFP will be a trap for them.”