How would the takeover of Newcastle United change the landscape of the Premier League?
The temptation could be to claim that with the Saudi-backed takeover of Newcastle United on the verge of approval, the landscape of St James’ Park will change overnight. However, that wouldn’t do justice to the 18-month feud it took to get the take-over bid at this point. Nothing happened overnight.
British businesswoman Amanda Stavely is reportedly set to be the public face of a £ 300million deal that has gone on for years could be approved within the next 24 hours after it was announced that Saudi Arabia has Lifted its four-year ban on beIN Sports broadcast from the Premier League
Other sources say the deal is now back on the table because the Saudi Arabia-backed Public Investment Fund (PIF), the state sovereign wealth fund overseen by Crown Prince Mohammed bin Salman, assured the Premier League that the Saudi state would not interfere. with the management of Newcastle United.
Whether another Premier League club struggling with foreign ownership is a good thing or not, this takeover marks a shift in the power dynamics at the top of the English game. With the support of the Saudi sovereign wealth fund behind them, Newcastle United will surely have big ambitions. The Premier League might have won another giant.
Of course, Newcastle United’s potential as a waiting super-club has been clear for some time. The St James’ Park club is one of the biggest in the country, but has long eluded tangible success. Under Mike Ashley, the Magpies were held back and even pushed down – Newcastle suffered two relegations with Ashley as owner.
Even by the standard Ashley has set for 14 years of ownership, the past few years have been particularly painful for Newcastle United fans as their owner braced for a sale. The much-maligned businessman lost interest in the club long ago with supporters and this was reflected in the lack of investment made in all areas of the organization.
Investment will no longer be a problem now that Newcastle United are on the verge of welcoming new owners. There may not be any big signings from big names until next summer when a new boardroom structure has been put in place, but there are plenty of changes underway for the St James outfit. ‘Park.
This could be bad news for Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham Hotspur. The so-called ‘Big Six’ will not host a challenger, especially one with backing from Newcastle United. It could be a long time before those in the Premier League refer to a ‘Big Seven’.
Much is still unknown about the true nature of the new owners who will take over at St James’ Park. No mission statement was provided and so there is currently a lot of guesswork bouncing around. No one really knows how much money will be invested in Newcastle United. No number has yet been put on it.
However, Saudi Arabia’s sovereign wealth fund is not engaging with a Premier League club to achieve intermediate security. They are not here for a cup race or a Europa League appearance. Newcastle United will surely be expected to deliver more and that expectation could change the face of the Premier League.