Sunday, October 17

How Tottenham president Daniel Levy is trying to stop Newcastle from spending big

How Tottenham president Daniel Levy is trying to stop Newcastle from spending big

Newcastle takeover completed

Speculation surrounding a possible takeover of Newcastle United by the Saudi Arabian Public Investment Fund began to mount in April 2020.

Was when reported shortly thereafter a £ 300 million deal was made, and only the approval of the Premier League was missing.

However, the weeks and months that followed saw very little progress, with a number of problems, such as the Saudis’ ties to piracy streaming company BeoutQ, coming to light.

As a result, at the end of July 2020, SAPIF and its partners Announced they had made the decision to withdraw from the Newcastle acquisition.

After Saudi Arabia gotten up However, with his four-year ban from beIN Sports, new hope was instilled in the operation.

And, on Thursday, October 7thnews arrived that Newcastle fans were waiting for, as SAPIF, PCP Capital Partners and RB Sports & Media were confirmed to have ‘completed the acquisition of Newcastle United Limited and Newcastle United Football Club Limited from St. James Holdings Limited’ ‘.

Levy and Premier League clubs reject Newcastle acquisition

In the later part of this development, it has been revealed that the new owners of Newcastle have wealth that is worth more than 10 times that of the current owners of Manchester City:

Given the wealth of its new owners, Newcastle is expected to eventually become a Premier League powerhouse in a similar way to Manchester City.

However, Premier League teams, Tottenham in particular, are apparently backing down.

the Daily mail report that Newcastle’s takeover has been met with fierce opposition from top-tier rivals, and that Tottenham president Daniel Levy is the “main agitator” in pressuring the Premier League to deny entry to SAPIF to the highest category.

It is added that Levy has tried to prevent the consortium from bringing in a lucrative sponsor.

This, of course, would be a huge blow to Newcastle and its ability to spend huge sums within the confines of Financial Fair Play.

Manchester City faced a similar problem when they first took over. A fairly small club with no big money players available to sell, it was essentially impossible for City to spend large sums and still comply with FFP.

To avoid this, Man City was accused of using companies owned by his state-funded group to sponsor the club’s jerseys and stadium, greatly inflated their revenue, allowing the owners to pump money into the club and comply with FFP rules.

Some have already speculated that Newcastle will employ a similar tactic:

And while Levy is said to have tried to stop this, the Mail reports that Levy has been told it’s a wild goose chase.

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Premier League table

# Team MP D P
1 Chelsea Football Club 7 12 sixteen
2 Liverpool FC 7 eleven fifteen
3 Manchester city 7 eleven 14
4 United manchester 7 8 14
5 Everton FC 7 5 14
6 Brighton and Hove Albion 7 3 14
7 Brentford fc 7 4 12
8 Tottenham Hotspur 7 -4 12
9 West Ham United 7 4 eleven
10 Aston Villa 7 1 10
eleven Arsenal FC 7 -5 10
12 Wolverhampton Wanderers 7 -1 9
13 Leicester City 7 -3 8
14 crystal Palace 7 -3 7
fifteen Watford FC 7 -3 7
sixteen Leeds United 7 -7 6
17 Southampton FC 7 -5 4
18 FC Burnley 7 -6 3
19 Newcastle united 7 -8 3
twenty Norwich city 7 -14 1
Player Team Goals
Salah, Mohamed Liverpool FC 6
Vardy, Jamie Leicester City 6
Antonio, Michail West Ham United 5
Fernandes, Bruno United manchester 4
Mane, Sadio Liverpool FC 4
Maupay, Neal Brighton and Hove Albion 4
Sarr, Ismael Watford FC 4
Townsend, Andros Everton FC 3
Benrahma said West Ham United 3
Son, Heung Min Tottenham Hotspur 3
Gray, Demarai Everton FC 3
Ronaldo, Cristiano United manchester 3
Lukaku, Romelu Chelsea Football Club 3
Calvert-Lewin, Dominic Everton FC 3
Jota, Diogo Liverpool FC 3
Hwang, Hee-chan Wolverhampton Wanderers 3
Raphinha Leeds United 3
Greenwood, Mason United manchester 3
Doucoure, Abdoulaye Everton FC 2
Jesus, Gabriel Manchester city 2

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