Newspaper article Evening Chronicle (Newcastle, England)

Backing Rafa Financially Is Essential No Matter Who Controls United

Newspaper article Evening Chronicle (Newcastle, England)

Backing Rafa Financially Is Essential No Matter Who Controls United

Article excerpt


JUST when Geordies were feeling the sun on their backs with Mike Ashley wanting out and Rafa Benitez having his squad settled in the top half of the Premier League, back comes jolting reality.

Ashley, we are told by an expert in these matters, will not be able to cut the umbilical cord releasing United until the end of the season.

If that is so - and this appears much more realistic - then what happens to Benitez come the opening of the January transfer window? Because, make no mistake about it, Newcastle need to buy at the start of 2018 if any lingering thought of banishment back to the Championship is to be avoided.

With Joselu and Ayoze Perez leading the attack over a full season United will not score enough goals to finish where they are now.

The man who delivered his withering predictions is a friend of Benitez from his Liverpool days, which adds even more weight to the argument.

Christian Purslow was Anfield managing-director when the club was sold in 2010, having to withstand attempts from Ted Hicks and George Gillett (Liverpool's equivalent of Ashley) to remove him and stop the sale.

It is pretty the owner business spend sums during a Christian ( He stayed on after the takeover as a special adviser and nonexecutive director before becoming Chelsea's head of global commercial activities.

Purslow said in a fascinating TV interview: "I have spent most of my life buying companies - clean, wellrun, predictable companies. "Probably that takes six months to execute a sale.

"Football clubs are anything but - they are complicated, where the club finishes in the league determines value. "It is a lot easier to time the purchase of a club at the end of a season when you can see what its finances actually look like.

unlikely of any going to significant money sale process Purslow "Any buyer at Newcastle is going to need to get to the bottom of the tax investigation too.

"My feeling as an experienced mergers and acquisitions guy is selling Newcastle by Christmas looks extraordinarily unlikely.

"If I was a betting man I would think it will be sold by the end of the season, not by Christmas. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed


An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.