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Ashley willing to revisit Newcastle sale this summer

Mike Ashley could yet sell Newcastle United this summer to PCP Capital Partners.

The Toon's future could become much clearer this week after the announcement of a new Premier League TV deal.

Football finance expert Kieran Maguire believes the newly-announced deals – worth £4.464bn so far – could have huge consequences for PCP chief Amanda Staveley's efforts to buy Newcastle.

"The elephant in the room is that the Premier League is the most popular sporting product globally," Maguire told the Daily Star.

“The Premier League still think there is a lot growth potential in the overseas [TV] deals.

“If [Mike] Ashley thinks that those prices are going to be very high, he's going to factor that into the valuation of the club.

“Clearly PCP want to take a more conservative view point of that so that is why there is a gap in those prices.

“Once we know the value of those deals, then you have got more certainty and I think then you could see parties coming together and saying 'well now we know what the TV money is going to be going through to 2022, we've got a more secure sense of forecasting data from which we can come up with an agreed price'.

“Ashley is going to say one price, PCP are going to say another because it is in their best interests to do so."

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Paul Vegas

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