Keith Wyness shares Newcastle takeover claim - confirms '£500m'
Everton’s former chief Keith Wyness has claimed Crystal Palace being valued at around £500million is fair after a new bid for John Textor’s stake as... The post Keith Wyness shares Newcastle takeover claim - confirms '£500m' appeared first on Football Insider.
Everton’s former chief Keith Wyness has claimed Crystal Palace being valued at around £500million is fair after a new bid for John Textor’s stake as he compared Newcastle’s price.
Speaking on the new edition of Football Insider’s Inside Track podcast, the 66-year-old – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – insisted the club’s proximity to London and planned stadium works will be behind the discrepancy in value to Newcastle, who were sold for £305million in 2021.
The Daily Mail reported last week (31 October) that Sportsbank is understood to have made a bid in the region of £230million for Textor’s 45% share in the Croydon club.
The investment group is made up of a collection of investors from North America, Canada, Europe and the Middle East.
Steve Parish, David Blitzer and Josh Harris are the other shareholders at Selhurst Park and have control of footballing operations at the club.
Palace have been in the Premier League since the 2013-14 campaign and currently sit 17th in the table.
Wyness reveals reason for difference in Newcastle and Crystal Palace valuations
Wyness told Football Insider‘s Insider Track podcast: “It’s probably about right for that sort of share in Palace.
“It values the whole club at more than £500million, which is maybe slightly on the high side.
“Newcastle went for £305million, but you’ve got the London weighting for Palace and the potential new stadium upgrade coming too.
“They’ve made themselves an established Premier League club, so the valuation seems okay.
“Hopefully this can free up some money for Textor and his Eagle Football project.”
In other news, Adam Wharton to Man City? Ex-Chief scout shares major transfer update.
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The post Keith Wyness shares Newcastle takeover claim - confirms '£500m' appeared first on Football Insider.
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