There were those stories about the owner not wanting to sell, and that Hughes and Edwards were on good terms with Howe, so you may be right. I think more likely though it was just an opening offer to see how receptive Newcastle were at this moment to a bid. That position may change as the summer progresses and Newcastle bring in players…or it may not…
The figures will be probably subject to structural differences. Nothing wrong with an opening bid of £110m, it won’t have been a take it or leave it offer, and it is large enough to be seen as a serious offer.
Glad to know, you must be at the board level as you know.
Edit
Edwards and Hughes discuss Newcastle’s rejection
I’d take a pinch of salt anything that bone saw bunch of cunts say or they feed their mouth piece.
Everyone at Sandcastle crowing that the guy is worth £150m… Based on what exactly…?
He has never played in the cauldron of a CL final and performed out of his skin…
He has never slogged a full season chasing the PL title when every game was pressure pot not to drop points…
The guy plays in a Sandcastle side that bobs along week in week out… Scored a couple of good goals, shows he is an excellent player… BUT, at the end of the day… Surely he is not worth £150m to us… he is worth, exactly, what our final offer will amount to…! Simple really..
How can anyone say we have low-balled them with an offer of £110m… We are still kicking the tyres at the negotiating stage of discussions…
At least now, Isaak knows for sure, we were willing to pay this amount of money for him - so we could get him for at least some part of pre-season training and tactics…
I still believe they won’t want him in our hands before we play them on the 25th of this month, for PR reasons if nothing else. If they want to hold onto him until after that date… we may as well wait until January…
They are claiming that he is worth £150m to them. Presumably, they hope to win the league and European cup with him.
What an amazing article, what a stellar piece of journalism: Apparently, we made an 110 mil. offer to ‘save face’…
And the best part is the army of idiots in the comments falling for it hook, line and sinker.
What the hell is it supposed to mean to “bottle it”? Such a weird take. Do these people not feel any shame for just carrying water for a club’s PR team?
Aren’t we all at the board level?
The TAN Board, that is. 
I don’t disagree. There is logic to a 110M bid, irrespective of structure.
My only objection is to the notion that Newcastle somehow communicated that they’d accept a lower fee than what we even proposed two weeks ago. That does not make any sense.
I assume if it is a lower offer then it’s probably more upfront now. That would explain it. However they may just be talking shit and that can’t be ruled out as they’ve acted all week as being full of it.
If it were true then it would presumably be structure related as @mattyhurst (and myself earlier) says. Payments into the future get discounted in real terms because of the risk to the receiver of either not getting them, or if they do, the real value of those payments when made being less than they would be today. As an example, our £120m may have been £60m today and the rest in 5 years’ time if certain targets were made. the £110m offer could have been cash all upfront today. The overall figure is lower in the second example but probably of more value in reality.
Sources is Craig Hope and we’ve had this post already.
You don’t submit a 110m bid because you don’t want a player…..
Well said, great player, but nothing he has done has suggested he is in the $150m bracket.
There are a substantial number of people who think exactly that about our Caicedo pursuit
This is exactly why I’d swerve him as long as such an extortionate fee is touted. Even 110m are way too much imo. He’s maybe an 80m player, at best.