A lot of Newcastle United fans have replied to a post from The Chronicle’s Mark Douglas that contains a link to a tweet from Guardian reporter Jacob Steinberg, who has a report on a supposed takeover bid for West Ham United from a US consortium.
However, it is one line that has grabbed the attention of Douglas and these Toon fans.
The report claims that the group bidding for the Hammers based their original offer on the proposed takeover of the Toon by Amanda Staveley’s Saudi-backed consortium and then added an extra £50m because the club is based in London.
This has baffled these Toon fans.
Are you surprised by this?
No, the fact they are in London makes a difference
Yes, we are surely worth more
So a club with much more debt, and no stadium are worth more than NUFC? That is surprising
— Daniel Evans (@DanielE37142279) September 16, 2020
How can a club who don’t own their own stadium be worth more than us? Is it purely as theyre in London?
— MrPeterPickle (@faaaaantastic) September 16, 2020
Ludicrous
— The Perennial Pundit (@PerennialPundit) September 15, 2020
They don’t even own their stadium though!
— James Pearce (@jpearcejourno) September 16, 2020
It seems strange to many Toon fans that a team who don’t own their stadium are worth more than Newcastle, and that their perceived value is higher because the Hammers are based in London.
This post continued to draw the attention of many Newcastle fans.
This blew my mind when I read it this morning. West Ham do not own their own stadium, are their rental terms as cushy as ours?
— zee zom ???? (@fnafilms) September 15, 2020
Very interesting. In theory, if they value London at £50m, they should divert their attention to NUFC, knowing they won’t be turned down.
— Marc Jobling FPL (@MarcJobling) September 15, 2020
It is unclear what will happen with the reported West Ham takeover bid, but if it goes on as long as the Newcastle one, then Hammers fans could be in for a tough time.
The Toon’s proposed takeover has still not been resolved despite being handed to the Premier League in April.
By the end of July, a decision had still not been made, and the bid was withdrawn.
Then only last week, Newcastle released a statement claiming that the takeover had been officially rejected by the Premier League, A CLAIM which was refuted.
Now it looks like it could be going to court as Mike Ashley has appointed two lawyers as the saga continues, and it will be intriguing to see what the final conclusion of it will be.
However, for now, these Newcastle fans don’t understand how West Ham can be worth more than their club.