Valuations of football clubs are a hot topic in the media at the moment due to the expected sale of Chelsea, now that Roman Abramovich has been disqualified from owning the club by the Premier League. As well as this, the Russian Oligarch has been sanctioned by the UK Government and he had already put the club up for sale in the week leading up to the sanctions against him, in anticipation that he would be punished for his links to Russian President Vladimir Putin.
Buying Chelsea is likely to cost somebody upwards of £2billion. Whilst discussing this valuation, Peterborough United chairman Darragh MacAnthony claimed that the recent sale of Newcastle United 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.'
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"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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