Peterborough United chairman Darragh McAnthony has no doubts Newcastle's owners picked up a bargain.
MacAnthony claimed that the recent sale of Newcastle to Amanda Staveley, Jamie Reuben and the Saudi Arabian PIF fund for a fee of £300million was a "f*****g bargain". He stated that Newcastle's new owners would be in it for the long haul in order to maximise profits.
"Newcastle was a f*****g bargain. You've got to go with what you think in ten years' time it will be worth," MacAnthony said on his podcast, 'The Hard Truth'.
"In ten years' time, what will Chelsea, Dallas Cowboys be worth? Probably a lot more than that.
"I saw it with my club (Peterborough United). I bought them for a pound. When I did my deal it valued them at nearly £20million.
"When I see the fund businesses get involved, that tells me they like the valuation. They're not getting involved to flip it. They see the long term growth. They're buying it for a five to ten year exit."
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