Newcastle United takeover: How did it happen? What is the vision? What about Steve Bruce?..

The fact it has happened now after 18 months is a complete shock, too. Last week, supporters were celebrating because they had learned of a January arbitration date.

Now one of the most complicated takeovers in the league’s history is over, fans can dance on the steps of St James’ Park and dream of a brighter future.

It will be a future without owner Mike Ashley and one in which the club can compete with Europe’s biggest teams thanks to the billions the Saudi Public Investment Fund (PIF) can provide.

TVs and Audio Category

There are many issues still to resolve, however. How will Saudi Arabia’s human rights record reflect on the club? Will the Premier League explain how it came to a resolution with the consortium? How much money will Newcastle have to spend? And what of manager Steve Bruce?

For a fanbase and club which has lurched from one drama to another in the past two years, at least there is now a blank page.

How did the takeover happen?

No-one was expecting the takeover to be completed this week.

The best anyone could have hoped for was January 2022, when arbitration was scheduled as the consortium, led by financier Amanda Staveley, attempted to settle a row with the Premier League about who would have control at the club.

The Saudi state has been accused of human rights abuses and was recently embroiled in a copyright row, which would have made it tricky for the takeover to go through based on the Premier League’s owners’ and directors’ test.

See also  The Owners of the 20 Premier League clubs and how controversial they are with fans

So what the consortium needed to do was prove that the Kingdom’s PIF, which would provide 80% of the money for the takeover, was separate to the state. Difficult, perhaps, when the ruling leader Crown Prince Mohammed bin Salman is also listed as PIF’s chair.

But with legal assurances provided, that has happened. It is understood there will be consequences if those agreements are broken. The consortium can also demonstrate how PIF already invests in companies, including the McLaren F1 team, without state control.

The precursor to news of the takeover going through on Wednesday was Qatar broadcaster beIN Sports saying it had resolved its dispute about Premier League football matches being broadcast illegally in Saudi Arabia.

By proving there is separation between the Saudi state and PIF, that issue becomes immaterial. But after claims that beIN had pressured the Premier League into blocking the takeover, the timing was interesting nonetheless.

How have fans reacted?

Newcastle have had an average attendance of 48,366 at their three Premier League games this season

There is no doubt the vast majority of fans are celebrating the Saudi Arabian-led takeover, no matter the potential distractions that come with it.

A Newcastle United Supporters’ Trust (NUST) survey said this week that 93.8% of its members were in favour, down from 97% last year, and previous owner Ashley was told to “get out of our club” at nearly every match.

The situation has become toxic this season. Newcastle are winless and next-to-bottom of the Premier League, and the same fans’ survey said 94% want Bruce to leave “in the best interests of the club”.

See also  Chelsea facing tight December schedule with ten games in one month

The takeover, they hope, will wash away their pain. PIF’s assets of £250bn dwarf the wealth of Manchester City’s Abu Dhabi owners and Paris St-Germain’s Qatari owners, and can conjure up images of signing players such as French World Cup winner Kylian Mbappe or recruiting Antonio Conte as a replacement for Bruce.

“Fans are absolutely delighted that the disastrous 14-year reign of Ashley is almost over,” says Greg Tomlinson of NUST. “They are looking forward to having hope and belief in their football club for the first time in many years.

Men Smart Shoes

Comments

  1. Hello There. I discovered your weblog the use of msn. That is an extremely
    smartly written article. I’ll be sure to bookmark it and return to learn extra of your
    useful information. Thank you for the post. I’ll certainly return.

  2. I’m amazed, I must say. Rarely do I encounter a blogthat’s equally educative and interesting, and let me tellyou, you’ve hit the nail on the head. The issue is something which too few men and women are speaking intelligently about.Now i’m very happy I stumbled across this in my hunt forsomething regarding this.

  3. I’m not sure where you’re getting your info, but great topic.
    I needs to spend some time learning more or understanding
    more. Thanks for great information I was looking for this info for my mission.

  4. Howdy! Do you use Twitter? I’d like to follow you if that would be ok.I’m absolutely enjoying your blog and look forward to new posts.

  5. Do you have a spam issue on this website; I
    also am a blogger, and I was wanting to know your situation; many of
    us have created some nice methods and we are looking to swap
    techniques with other folks, please shoot me
    an e-mail if interested.

  6. It’s perfect time to make some plans for the future and it’s time to be happy.I have read this post and if I could I wish to suggestyou some interesting things or tips. Maybe you could writenext articles referring to this article. I wish to read even more things about it!

  7. Hey! This post couldn’t be written any better! Reading through this post reminds meof my previous room mate! He always kept chatting about this.I will forward this article to him. Pretty sure he will have a goodread. Thank you for sharing!

  8. Howdy! I’m at work browsing your blog from my new iphone!
    Just wanted to say I love reading through
    your blog and look forward to all your posts! Carry on the great work!

  9. Hello very nice website!! Man .. Excellent ..
    Wonderful .. I will bookmark your website and take the feeds also?
    I’m happy to search out so many useful info right
    here within the post, we want work out extra techniques in this regard,
    thank you for sharing. . . . . .

  10. Excellent goods from you, man. I’ve understand your stuff previous to and you’re just too magnificent.I really like what you’ve acquired here, certainly likewhat you are saying and the way in which you say it.You make it entertaining and you still care for to keep itsensible. I cant wait to read much more from you.This is really a terrific web site.

  11. Whats up very cool blog!! Man .. Beautiful ..
    Amazing .. I’ll bookmark your website and take the feeds also?
    I’m glad to find numerous helpful info here in the post, we want develop extra techniques in this regard, thanks for sharing.
    . . . . .

  12. Excellent goods from you, man. I have have in mind your stuff previousto and you’re just too fantastic. I actually like what you have received right here, reallylike what you’re stating and the best way by which you say it.You make it entertaining and you continue to carefor to stay it sensible. I can’t wait to read much more from you.This is actually a wonderful site.

  13. Do you mind if I quote a few of your posts as
    long as I provide credit and sources back to your website?
    My website is in the very same niche as yours and my
    visitors would really benefit from some of the information you provide here.
    Please let me know if this okay with you. Thanks!

  14. Nice blog here! Also your site loads up very fast! What host are you using?Can I get your affiliate link to your host? I wish my website loaded up as fast as yours lol

  15. Hey I am so glad I found your blog page, I really found you by error, while I was researching on Digg for something else,
    Regardless I am here now and would just like to say thank you for a marvelous post and a all round interesting blog (I also love the theme/design), I don’t have time to look over it all
    at the minute but I have bookmarked it and also added your RSS feeds, so when I have time
    I will be back to read a great deal more, Please do keep
    up the fantastic jo.

  16. Wow, superb blog layout! How long have you been blogging for?you made blogging look easy. The overall look of your site is great, letalone the content!

  17. I’m not sure where you’re getting your info,but good topic. I needs to spend some time learning much more or understanding more.Thanks for wonderful information I was looking for this info for my mission.

Comments are closed.