15.4 C
London
Saturday, July 11, 2020

Newcastle’s new owners won’t offer bottomless cash like Man City

Array

Newcastle will challenge the Premier League elite, but NOT at all costs.

This is the message of the new owners proposed by the club who aim to make the Tynesiders a driving force in English football.

The heavyweight consortium, led by the money of the Saudi Arabian sovereign wealth fund, has firmly fixed the so-called “Big Six” and are determined to support the action of the Champions League.

While large sums of money will be made available to improve the first team, incoming owners will be aware of the pitfalls of Financial Fair Play and will stick to the rules.

Any investments will be made with this in mind, but the club’s new owners are confident that with the support of Toon’s army and the global reach of the brand, they can generate great interest in the Tynesiders club – and trigger a revival.



The acquisition of Newcastle is nearing completion

Ever since outgoing owner Mike Ashley first indicated a willingness to sell, buyers have come up with an extremely detailed business plan that will take effect once the Premier League has given its formal consent to complete the acquisition.

According to sources close to Ashley, an agreement was reached between the two sides last month – and contractually agreed recently – and all that remains is the ratification of the cases in London.

This is expected within the next three weeks – and then all systems will work as the new regime will have the opportunity to implement its project.



Amanda Staveley’s consortium will pay attention to financial fair play

Discussions took place at senior level within the consortium, led by Amanda Staveley’s PCP Capital Partners, on the best way to make your mark.

But any suggestion that Newcastle might follow Chelsea’s path under Roman Abramovich and Sheikh Mansour in Manchester City by firing a massive blow through the arches of the established hierarchy had to be tempered by financial realism.

Rules have been established to make it much more difficult for all newcomers to make their mark at that level and Uefa has signaled its intention to repress any perceived overspending by banning Manchester City’s participation in its main competition, the Champions League as a penalty for violating their regulations.



Manchester City by Sheikh Mansour is fighting a battle with UEFA

The new Newcastle owners will work towards this goal, but the way Ashley stemmed the losses at St James’s Park and made the club wash her face – will be of great help in creating a team that can compete with the best .

However, Coronavirus has had an effect on plans and supporters won’t see much in return until the outcome of the current season has been decided.

The new management team wants to get involved in the management of the club, discovering the true state of affairs before putting their ideas into practice.



Steve Bruce will remain in office for the rest of this season

Read more

The best stories of Mirror Football

This means that current boss Steve Bruce will see the existing campaign in office. There is unlikely to be a major upheaval. The last thing the new owners want is for the club to stabilize while there are still potentially games to play.

This period of time will allow incoming staff to take stock and see where there is room for improvement before the club starts strengthening its game staff each time the transfer window opens.

.

Latest news

Government “ax stamp duty for six months on homes worth up to £ 500k”

According to the report, the Chancellor is expected to announce a six-month stamp holiday to help the UK housing market. Rishi Sunak...

Post-lockdown ‘unrecognizable’ Magaluf with empty streets and ‘chaos’ restaurant – World News

Brits flying to Magaluf's post-lockdown could be greeted with an "unrecognizable" ghost town. The holiday spot on the island of Majorca is...

Aston Villa boss Dean Smith complains about the Premier League rule after the defeat of Liverpool

Aston Villa manager Dean Smith complained of the five substitutes' provisional rule after seeing his team lose to Liverpool. Sadio Mane and...

No social distance as the pubs open on Super Saturday

Old Compton Street in Soho, London, was full of drinkers on "Super Saturday" despite the strong police presence. (Justin Tallis / AFP via...

Related news

Government “ax stamp duty for six months on homes worth up to £ 500k”

According to the report, the Chancellor is expected to announce a six-month stamp holiday to help the UK housing market. Rishi Sunak...

Post-lockdown ‘unrecognizable’ Magaluf with empty streets and ‘chaos’ restaurant – World News

Brits flying to Magaluf's post-lockdown could be greeted with an "unrecognizable" ghost town. The holiday spot on the island of Majorca is...

Aston Villa boss Dean Smith complains about the Premier League rule after the defeat of Liverpool

Aston Villa manager Dean Smith complained of the five substitutes' provisional rule after seeing his team lose to Liverpool. Sadio Mane and...

No social distance as the pubs open on Super Saturday

Old Compton Street in Soho, London, was full of drinkers on "Super Saturday" despite the strong police presence. (Justin Tallis / AFP via...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.