Corporate financial expert David Buik has shared that he believes Amanda Staveley and her PCP partners are “trying it on” by bidding only £300million for Newcastle United.
In an interview with Sky Sports, Buik gave his opinion on the officially tabled bid for the club while revealing, in his opinion, that the club is worth at least £380 million.
“I think Amanda Staveley and her advisors are trying it on because everyone knows the huge differential in terms of finance you get for being in the Premiership,” the expert explained.
He continued: “If I was Mike Ashley, it is the greatest possible catchment area and in my opinion it is worth at least £380million.”
The expert’s valuation was much closer, though still lower, than the reported £400 million that Mike Ashley is asking for.
Staveley’s opening offer was also reported to have included some clauses which would have made her offer potentially even lower.
One of the clauses reportedly is that the price of the club would be reduced if Newcastle were to suffer relegation this season, something it is reported Mike Ashley would not entertain.
However, it is claimed that the two sides are still in negotiation and that a second offer is expected in the coming weeks.
The Magpies are currently 11th with 14 points from 12 games, but they have lost their last three leagues games; despite this they are still five points clear of the relegation zone.
Newcastle United were hammered 4-1 by Manchester United in their last outing, but it was the previous 1-0 defeats to Burnley and Bournemouth that caused more disappointment.
In other Newcastle United news, a report states that the takeover talks are on the brink of collapsing.