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New Newcastle owners outline plans to compete with Manchester United & other Premier League giants

Amanda Staveley

Newcastle takeover completed”>Speculation

surrounding a potential Saudi Arabia Public Investment Fund takeover of Newcastle United began to ramp up in April of 2020.

It was then reported shortly after that a £300m deal was done, with only Premier League approval missing.

However, the weeks and months that followed saw very little progress made, with a number of issues, such as the Saudis’ links to piracy broadcasting company BeoutQ, brought to light.

As a result, at the end of July 2020, the SAPIF and its partners announced that they had come to the decision to pull out of the Newcastle takeover.

After Saudi Arabia lifted its four-year ban on beIN Sports, though, fresh hope was breathed into the operation.

And, on Thursday October 7th, the news Newcastle fans were all waiting for arrived, as it was confirmed that the SAPIF, PCP Capital Partners and RB Sports & Media had ‘completed the acquisition of Newcastle United Limited and Newcastle United Football Club Limited from St. James Holdings Limited’.

Newcastle owner’s plans to compete with Premier League’s best

On the back of this development, it has since been revealed that Newcastle’s new owners boast wealth worth well over 10 times that of Manchester City’s current owners:

It has also been suggested that the Magpies will be able to spend over £200 million over the next three years, without breaching Financial Fair Play rules.

As a result, Newcastle’s fans are no doubt eager to see their side invest heavily, to once again compete with the Premier League’s giants.

And now, Amanda Staveley, chief executive of PCP Capital Partners, has outlined her ambitions for the club, as well as plans to compete with English football’s top brass.

The Telegraph report that Staveley ‘is “fully aware” of the level of investment it will take to compete alongside Manchester City, Chelsea, Liverpool and Manchester United and is not daunted by that.’

Staveley herself, meanwhile, added that:

“It’s a gamechanger for us. I hope it’s going to be a gamechanger for Newcastle United but we also don’t want to make promises we can’t keep. I don’t want to say we are going to be top of the Premier League in three years. I would love that. I am ambitious and driven and my partners are similar minded. It’s going to take time to get there. But we look forward to playing competitively. We are in a league where we are very excited about the competition and we will get there.”

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This article was edited by Conor Laird.

Newcastle betting odds, next game:

Leicester vs Newcastle odds: result, both teams to score, correct score & goalscorers

Leicester vs Newcastle Full time result
Leicester vs Newcastle Result/Both teams score Yes No
Leicester 2/1 21/10
Newcastle 7/1
Draw 15/4 16/1
Leicester vs Newcastle Correct Score
Leicester vs Newcastle Goalscorers First Last Anytime
Jamie Vardy2/1 2/1 20/21
Callum Wilson11/5 11/5 6/4
Patson Daka12/5 12/5 6/5
Kelechi Iheanacho13/5 13/5 13/10
Harvey Barnes10/3 10/3 8/5

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Premier League table

# Team MP D P
1 Manchester City 15 23 35
2 Liverpool FC 15 32 34
3 Chelsea FC 15 26 33
4 West Ham United 15 9 27
5 Tottenham Hotspur 14 -1 25
6 Manchester United 15 1 24
7 Arsenal FC 15 -4 23
8 Wolverhampton Wanderers 15 -1 21
9 Brighton & Hove Albion 15 -2 20
10 Aston Villa 15 -3 19
11 Leicester City 15 -4 19
12 Everton FC 15 -6 18
13 Brentford FC 15 -2 17
14 Crystal Palace 15 -2 16
15 Leeds United 15 -7 16
16 Southampton FC 15 -7 16
17 Watford FC 15 -9 13
18 Burnley FC 14 -7 10
19 Newcastle United 15 -13 10
20 Norwich City 15 -23 10

Premier League 21/22

Player Team Goals
Salah, Mohamed Liverpool FC 13
Vardy, Jamie Leicester City 9
Jota, Diogo Liverpool FC 8
Mane, Sadio Liverpool FC 7
Silva, Bernardo Manchester City 7
Dennis, Emmanuel Watford FC 6
Antonio, Michail West Ham United 6
Ronaldo, Cristiano Manchester United 6
Son, Heung Min Tottenham Hotspur 6
Raphinha Leeds United 6
Wilson, Callum Newcastle United 6
Maupay, Neal Brighton & Hove Albion 6
Mount, Mason Chelsea FC 5
Fernandes, Bruno Manchester United 5
King, Joshua Watford FC 5
Gray, Demarai Everton FC 5
Smith-Rowe, Emile Arsenal FC 5
Pukki, Teemu Norwich City 5
Cornet, Maxwel Burnley FC 5
Sarr, Ismaila Watford FC 5