Ipswich Town owner Brett Johnson has revealed that he considered submitting a takeover bid for Newcastle United.
Johnson went on to buy the Tractor Boys earlier this year.
The Toon have been the subject of a takeover bid from a consortium consisting of PCP, PIF, and the Reuben brothers; however, that has got messy and is currently being resolved in the courts.
However, Johnson did not mention that as a reason why his group Gamechanger 20 didn’t go out and buy the Toon, despite claims that Mike Ashley is only interested in this PIF-backed deal.
Speaking on the latest edition of The Price of Football podcast, he said: “We thought that was compelling, but again, I look at Newcastle on a risk-reward basis; incredible brand, but if you’re buying in the Premier League, you’ve got a lot of risk [if] it goes down and probably not a lot of appreciation. What I would say is, it’s an unbelievable brand, that’s probably not kind of punching [in] its weight class.”
TIF Thoughts on Johnson potentially buying Newcastle…
Johnson seems to imply that buying a Premier League club like the Toon was too much of a risk because of the threat of relegation.
This makes sense, but it could be argued that the Toon is a club with huge potential just waiting to be unlocked, and you would think any potential buyer would see that and want to be the one to make Newcastle strong again.
Do you think that Johnson was ever actually interested in buying Newcastle?
No, he probably doesn't have the funds
Yes, he might have been interested
However, you also have to wonder if Johnson even had the resources to buy Newcastle, considering that he has ended up owning Ipswich in League One.
Either way, though, it is interesting to hear him talk about Newcastle, and he clearly admires the club, which is good to hear.
In other news: Liam Kennedy drops intriguing Newcastle transfer claim on Joe Willock