Al-Ahli closing in on £50m deal that could secure Newcastle summer windfall
According to The Times, Saudi Pro League side Al-Ahli are closing in on the signing of Ivan Toney; who could hand Newcastle a handy windfall as a result.
Al-Ahli are part-owned by PIF and could do us a favour if a big-money move goes through, as Newcastle are due 30% of the sell-on fee Peterborough receive from Brentford.
The Times report that Brentford are holding out for £50m and are resigned to losing the former Toon striker. Based on that fee, Peterborough would land £10m if they had a 20% sell-on clause and Newcastle would be entitled to 30% of that, giving us £3m.
Speaking on the Hard Truth podcast about Toney and their ongoing agreement with Newcastle, Peterborough United chairman Darragh MacAnthony said: "We invited Newcastle to share in Ivan’s future success with a sell-on fee.
"They agreed and they wanted 50% of any future transfer profit...that was never going to happen as we were paying a fee for Ivan as well, so we settled on 30%.
“We have received £10 million so far from Brentford and we will receive X amount – I’m not allowed to say the number – of any future profit and Newcastle will receive 30% of what we get from us. We earn money every time Ivan moves and so do Newcastle. That’s how these deals are structured and I’m all for it. It’s like a chain reaction and it’s the best thing.
https://twitter.com/TimesSport/status/1825601123056562239
