TA: Newcastle uses factoring to get most of its cash; Liverpool was worried last weekend that it would fail
10:48am, 5 September 2025Football
Hupu September 3rd News TheAthleticUK Liverpool team reporter Pi Xijin and Newcastle team jointly wrote the Isaac franchise insider column.
(the following is the second part)
[Must Board] TA: Liverpool insisted that he contacted Ekitic first; and was confused about Newcastle's attitude
After the failure of Newcastle's quotation for Sheshko (of course there are multiple versions, but this is important and not important in the Isaac incident), Isaac suddenly made a public statement. Three and a half hours later, Newcastle United, caught off guard, issued an equally unexpected statement saying "club officials never promised" Isaac to leave this summer. Their statement also added that “the conditions for sale have not been met this summer” and “we do not expect these conditions to be met” but also leaves room for a settlement between the parties.
Although it was too late in Riyadh, PIF officials were involved in the review of the drafted wording. It is understood that the "conditions" include signing two strikers, at least one of whom needs to reach Champions League level, and the offer for Isaac is close to its £150 million valuation.
In the next few days, club executives doubled down on their remarks that they would not be forced to sell Isaac, especially given the message that the sale of Isaac could convey to other star players such as Guimaraes, Anthony Gordon, Tonali and Livramento.
But in reality, their hopes for Isaac to return to the club are quickly shattering. Howe took a subtle stance on Isaac’s issue, keeping Isaac away from the team so he doesn’t distract him, but also does not criticize him publicly, and publicly says he can return to the team once the transfer window is closed.
In private, however, even Howe is increasingly feeling that Isaac is difficult to return, and forcibly retaining him may have a counterproductive effect on Newcastle's season. At a press conference, he admitted that the deadlock had become a "lose situation" for the club.
On the other hand, Howe is also saddened that Edwards and Hughes - who have been friends since working in Portsmouth twenty years ago - pushing Isaac's pursuit.
Although senior officials of both sides acknowledged some friction due to the sensitivity of the transaction and the stakes involved, they insisted that the statement that the two sides had fallen out of the way was exaggerated.
Liverpool sources said they had a clear conscience about the way they chased Isaac, noting that the problem between Newcastle and the player can be traced back to Liverpool's active contact.
also feels sad that Edwards and Hughes, who has been a friend since he worked in Portsmouth twenty years ago, pushes Isaac's pursuit.
Although senior officials of both sides acknowledged some friction due to the sensitivity of the transaction and the stakes involved, they insisted that the statement that the two sides had fallen out of the way was exaggerated. Sources at Liverpool said they had a clear conscience about the way Isaac was chased, noting that the problem between Newcastle and the player could be traced back to Liverpool’s active contact.
Ultimately, both sides believed that Liverpool's pursuit was purely for business reasons, and Howie said at a press conference on August 22 that the matter was "not out of personal grudges, but out of professional ethics", which he admitted.
time came to Newcastle vs Liverpool, but something drama happened earlier that day. At that time, a PIF delegation led by Yasir Al Rumayan, including Ruben and Solis, attended a meeting at Isaac's home in Northumberland, trying to find a solution.
The player once again made it clear that he had no intention of playing for Newcastle again.
Newcastle's public stance remains optimistic - but privately, their stance has undergone a subtle shift. Isaac was dissatisfied and continued to argue with the club and refused to play, a threat that was increasingly unbearable.
Suddenly, a transfer to Liverpool seemed to be the least bad result, which meant that two strikers were needed.
Newcastle's signing director Steve Nixon is responsible for the club's spending this summer, but he has not led the negotiations around Isaac. With negotiations resumed in mid-last week, the deal was held at the club level, with Edwards playing a major role in Liverpool, with support from Hughes and Fenway Sports Group technical director Julian Ward.
Isaac's agent Frado Lemicz is also actively involved, acting as a middleman, identifying what is needed and helping ensure a compromise is reached.
Although the two clubs have been insisting that they will not reach an agreement immediately and have no negotiations, Newcastle United is preparing secretly behind the scenes.
Banks learned that Newcastle United is seeking financial options to pay most of the £130 million revenue they expect to receive from the sale of Isaac to ensure they can get as much transfer fees as possible.
Seller's clubs usually try to borrow from the bank to receive the money in advance - the seller's club will first obtain a portion of the money from the buyer's club, and the remaining money will take several years to arrive.
In this case, this means Newcastle United is exploring the loan options and then mortgage the remaining cash they received from Liverpool to get the money.
Although some people at the two clubs have fully expected the deal to be completed, others insisted that they are still a little nervous about whether the deal will be officially completed by Monday's deadline.
On Saturday, Liverpool was angry at the report that the signing was completed and called it "false and misleading".
During the weekend, some insiders once believed that signing Mark Guy at Crystal Palace was more likely than signing Isaac. Sources pointed out that Liverpool's decision not to allow Xavi Elliott to leave the club until Monday, proving that they are still unable to 100% sure whether Isaac will join..
However, the deal was finally settled after 10pm on Sunday after Liverpool's 1-0 victory over Arsenal.
The deal is worth £130 million due to the solidarity mechanism, while Liverpool will pay £125 million (the difference between the two is explained more deeply here). Sources from Real Sociedad said they would earn between 9.5 million and 10 million euros from the deal due to 10% of the second transfer (the difference between the transfer fee of £60 million and the selling price) and compensation fees.
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