Amanda Staveley

Newcastle takeover accomplished

Hypothesis surrounding a possible Saudi Arabia Public Funding Fund takeover of Newcastle United started to ramp up in April of 2020

It was then reported shortly after {that a} £300m deal was completed, with solely Premier League approval lacking.

Nevertheless, the weeks and months that adopted noticed little or no progress made, with quite a lot of points, such because the Saudis’ hyperlinks to piracy broadcasting firm BeoutQ, delivered to gentle.

Consequently, on the finish of July 2020, the SAPIF and its companions announced that that they had come to the choice to tug out of the Newcastle takeover.

Nevertheless, after Saudi Arabia lifted its four-year ban on beIN Sports activities, it seems as if contemporary hope was handed to the SAPIF taking up Newcastle as soon as extra.

And, on Thursday October 7th, information Newcastle followers have been all ready for arrived, because it was confirmed that the SAPIF, PCP Capital Companions and RB Sports activities & Media, has accomplished the acquisition of Newcastle United Restricted and Newcastle United Soccer Membership Restricted from St. James Holdings Restricted.

Newcastle proprietor’s plans to compete with Premier League’s finest

On the again of this, it has been revealed that Newcastle’s homeowners are value over 10 instances greater than Manchester Metropolis’s present homeowners:

It has additionally been suggested that Newcastle will be capable to spend over £200m with out breaching Monetary Truthful Play guidelines.

Consequently, Newcastle followers are little doubt desperate to see their aspect make investments closely and compete with the Premier League’s giants.

And now, Amanda Staveley, chief government of PCP Capital Companions, has outlined her ambitions for the membership and plans to compete with the Premier League’s high brass in an interview with the Telegraph.

The Telegraph report that Staveley ‘is “absolutely conscious” of the degrees of funding it should take to compete alongside Manchester Metropolis, Chelsea, Liverpool and Manchester United and isn’t daunted by that.’

And Staveley herself added that:

“It’s a gamechanger for us. I hope it’s going to be a gamechanger for Newcastle United however we additionally don’t need to make guarantees we are able to’t preserve. I don’t need to say we’re going to be high of the Premier League in three years. I’d love that. I’m bold and pushed and my companions are comparable minded. It’s going to take time to get there. However we look ahead to taking part in competitively. We’re in a league the place we’re very excited concerning the competitors and we are going to get there.”

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Premier League desk

# Workforce MP D P
1 Chelsea FC 7 12 16
2 Liverpool FC 7 11 15
3 Manchester Metropolis 7 11 14
4 Manchester United 7 8 14
5 Everton FC 7 5 14
6 Brighton & Hove Albion 7 3 14
7 Brentford FC 7 4 12
8 Tottenham Hotspur 7 -4 12
9 West Ham United 7 4 11
10 Aston Villa 7 1 10
11 Arsenal FC 7 -5 10
12 Wolverhampton Wanderers 7 -1 9
13 Leicester Metropolis 7 -3 8
14 Crystal Palace 7 -3 7
15 Watford FC 7 -3 7
16 Leeds United 7 -7 6
17 Southampton FC 7 -5 4
18 Burnley FC 7 -6 3
19 Newcastle United 7 -8 3
20 Norwich Metropolis 7 -14 1
Participant Workforce Objectives
Salah, Mohamed Liverpool FC 6
Vardy, Jamie Leicester Metropolis 6
Antonio, Michail West Ham United 5
Fernandes, Bruno Manchester United 4
Mane, Sadio Liverpool FC 4
Maupay, Neal Brighton & Hove Albion 4
Sarr, Ismaila Watford FC 4
Townsend, Andros Everton FC 3
Benrahma, Stated West Ham United 3
Son, Heung Min Tottenham Hotspur 3
Grey, Demarai Everton FC 3
Ronaldo, Cristiano Manchester United 3
Lukaku, Romelu Chelsea FC 3
Calvert-Lewin, Dominic Everton FC 3
Jota, Diogo Liverpool FC 3
Hwang, Hee-chan Wolverhampton Wanderers 3
Raphinha Leeds United 3
Greenwood, Mason Manchester United 3
Doucoure, Abdoulaye Everton FC 2
Jesus, Gabriel Manchester Metropolis 2

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