Newcastle United's valuation has soared since the club's £305m buy-out in 2021 and the sale of Chelsea's women's side could yet have a far-reaching impact
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Chelsea owner Todd Boehly
Chelsea owner Todd Boehly
Newcastle United's valuation could increase as a result of Chelsea's women's side being worth £200m.
That is the view of Stefan Borson, who served as a financial adviser to Manchester City, after Chelsea sold their successful women's side to a sister company to help comply with PSR rules.
The deal remains subject to top-flight approval - just as the sale of two club-owned hotels previously did before the value of the deal was reduced.
Chelsea have even confirmed that the agreement contains a clause requiring an 'adjustment to the consideration receivable in the event that the Premier League's determination of the fair market value differs from the £200m recognised'.
Although Chelsea's most recent accounts revealed the women's team brought in revenues of little more than £11.5m in 2023-24, a 10% stake has since been bought by Alexis Ohanian for £20m. The Reddit founder, who was previously the largest shareholder in Angel City FC until the NWSL side were sold for £192.3m last year, has boldly declared that 'this will be a billion-dollar franchise one day'.
Newcastle operate a different model - the women's side was brought into the heart of the club following the takeover in 2021 rather than being split into a separate entity - but the Chelsea deal could still have a knock-on effect on the club's overall valuation, which has soared since the £305m buy-out in 2021.
"If Chelsea Women's team is worth £200m, all of the value in the women's team that justifies £200m is about what the women's game looks like in 2050," Borson told talkSPORT. "It's not about what it looks like in 2025.
"It's irrelevant in the formative years of the women's game that Chelsea won trophies because it's all about the future value. So if it's all about the future value of a top football club franchise in the women's game, that applies to almost any Premier League club regardless of their current size.
"Newcastle, Everton and Aston Villa's women teams are all worth over £100m on the Chelsea valuation metrics because it's not about what they have won so far or the revenue or the profit - it's about what they might be worth in 25 years' time with a football brand the equivalent of Chelsea's."
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