Leicester City have officially rejected Newcastle’s latest offer for James Maddison. The bid, which various reports have anywhere from £40-50m, did not come close to matching Maddison’s £60m price tag, especially considering it was a staggered offer.
Sky Sports’ Keith Downie has issued the following update with Newcastle now forced to regroup on whether to make another offer or move on to other targets.
Second Newcastle offer for James Maddison rejected by Leicester. Newcastle deciding whether to continue their pursuit of Maddison or move on to other targets. They don’t want to overpay for players due to FFP regulations. With colleague @skysports_sheth #NUFC https://t.co/Kk9FdMMQZP
— Keith Downie (@SkySports_Keith) August 2, 2022
For any offer to be accepted, Newcastle are just going to have to go for broke with the bulk of the fee paid upfront. Leicester must sell before buying and would also need significant funds on hand to replace their playmaker
In other news, early work on Burnley’s Maxwel Cornet may come to naught. Sky Sports is reporting that West Ham have entered initial talks for the 25-year-old, who has a £17.5m release clause.
Before bidding for Maddison this past weekend, Newcastle started negotiations for Cornet. Reports claimed a structured deal similar to the one reached for Nick Pope was being discussed with the eventual outlay surpassing his release clause amount.
West Ham have now jumped in for the Ivorian, who was held out of Burnley’s 1-0 win at Huddersfield on Saturday. Everton also held talks earlier in the window but were unable to reach an agreement.