Newcastle target James Maddison’s ‘true’ transfer market value amid Leicester’s £60m demands
Newcastle United have made another bid for James Maddison, but how close have they come to the midfielder’s market value?
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The Magpies have already spent significantly this summer, and they are now said to be pursuing a deal for Leicester’s star man.
Maddison is going to be a difficult player to land given his importance to Brendan Rodgers’ plans.
Reports suggest the Foxes want as much as £60million for Maddison, while Newcastle’s second offer is only said to be worth £45million, and in installments.
For Newcastle, the deal is likely to be that much more expensive given they are potential competitors to Leicester, be it this season or in the coming years.
Foxes boss Rodgers said earlier this week that Newcastle’s first offer, which was said to be between £35million and £40million would only be enough to cover ‘three quarterts’ of Maddison’s ‘right leg’.
But how much is the England international actually worth?
According to Transfermarkt, Maddison is currently worth £45million, and his past market value suggests this may be the right time to strike.
Maddison may be coming off the back of a superb season, but his value has dipped over recent years,
He reached his peak value in December 2019, when he was valued at £54million, and after a dip to £43.2million, he climbed back up to that peak value in May 2021.
Maddison’s value hit £45million by October of the same year, and that is where it has remained since.
Before the 25-year-old’s value peaked the first time, it rose on an incredibly steep line, which encapsulated his initial emergence as a Premier League star.
In September 2017, during his Norwich City days, Maddison was worth £1.8million, according to Transfermarkt.
By the following February, he was worth £9million, and he was worth more than double that by the time he signed for Leicester that summer.
By December, Maddison added another £8million to his market value, and after one season at the King Power Stadium, his value had jumped to £36million, £14million more than the Foxes bought him for.
Since then, his value has peaked, and he has become an England international and a Premier League mainstay.
Based on last season’s evidence, Maddison’s value is likely to rise again, and that’s likely why Leicester are not going to do a deal for cheap.
Still, Newcastle are indeed better off striking now, before the midfielder’s value rises even further.