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’ ‘.
🤝 An investment group led by the Public Investment Fund, and which also includes PCP Capital Partners and RB Sports & Media, has completed the acquisition of 100% of Newcastle United Limited and Newcastle United Football Club Limited from St. James Holdings Limited .
– Newcastle United FC (@NUFC) October 7, 2021
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:
Newcastle New Owners ‘Net Worth vs. Man City Owners’ Net Worth 🤑 pic.twitter.com/q0ghdOljQG
– ESPN FC (@ESPNFC) October 7, 2021
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:
Newcastle United’s jersey sponsorship deal currently generates around £ 6 million a year. I wonder how much next season will magically be worth? I guess £ 50 million to Aramco, Saudia Airlines or Saudi Telecom
– Kaveh Solhekol (@SkyKaveh) October 8, 2021
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
|1||Chelsea Football Club||7||12||sixteen|
|6||Brighton and Hove Albion||7||3||14|
|9||West Ham United||7||4||eleven|
|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|
|Greenwood, Mason||United manchester||3|
|Doucoure, Abdoulaye||Everton FC||2|
|Jesus, Gabriel||Manchester city||2|
|Player||Team||Red cards||Yellow cards|
|Dennis, Emmanuel||Watford FC||0||4|
|Jump, oliver||Tottenham Hotspur||0||4|
|Pogba, Paul||United manchester||0||3|
|Doucoure, Abdoulaye||Everton FC||0||3|
|Rice, Declan||West Ham United||0||3|
|Cooper, Liam||Leeds United||0||3|
|Norgaard, Christian||Brentford fc||0||3|
|Tarkowski, James||FC Burnley||0||3|
|Veltman, Joel||Brighton and Hove Albion||0||3|
|Brownhill, Josh||FC Burnley||0||3|
|Etebo, Oghenekaro||Watford FC||0||3|
|Djenepo, Moussa||Southampton FC||0||3|
|Antonio, Michail||West Ham United||0||1|
|Fernandes, Bruno||United manchester||0||2|
|Maupay, Neal||Brighton and Hove Albion||0||2|
|Jimenez, Raul||Wolverhampton Wanderers||0||2|
|Gallagher, Conor||crystal Palace||0||2|
|Alonso, Marcos||Chelsea Football Club||0||2|
|Ward Prowse, James||Southampton FC||1||1|
|Pogba, Paul||United manchester||7|
|Doucoure, Abdoulaye||Everton FC||4|
|Jesus, Gabriel||Manchester city||4|
|Salah, Mohamed||Liverpool FC||3|
|Antonio, Michail||West Ham United||3|
|Saint-Maximin, Allan||Newcastle united||3|
|Kovacic, Mateo||Chelsea Football Club||3|
|Townsend, Andros||Everton FC||2|
|Benrahma said||West Ham United||2|
|Ings, Danny||Aston Villa||2|
|Toney, Ivan||Brentford fc||2|
|Jimenez, Raul||Wolverhampton Wanderers||2|
|Bamford, Patrick||Leeds United||2|
|James, Reece||Chelsea Football Club||2|
|Azpilicueta, Cesar||Chelsea Football Club||2|
|Gross, Pascal||Brighton and Hove Albion||2|
|King, Joshua||Watford FC||2|
|Pereira, Ricardo||Leicester City||2|
|Alexander-Arnold, Trento||Liverpool FC||2|
|Rice, Declan||West Ham United||2|