The fantastic article in the Athletic today will make Newcastle fans feel an awful lot better this Tuesday morning.
It basically says the takeover deal is done, and the papers have been into the Premier League since April 9th with no red flags coming from the league on the potential ownership of the consortium.
The deal and consortium have been brilliantly put together and led by Ms. Amanda Staveley.
As expected, they have thought through a lot of things – something Mike Ashley never did – and have a three-year plan in place for Newcastle with money to in est in both the infrastructure and in players.
They have been working hard on a mission statement for the club, which will likely be part of the takeover announcement.
The new owners want to make the club a lot more fan-friendly and have already talked to “supporters, former players and other key figures in the city.” to further understand what they want.
PIF governor and future Newcastle Chairman, Yasir Al-Rumayyan
And they have already received some contact from players’ agents with players who may want to join the new Newcastle United.
We will soon have a global presence in football after a year or two.
But the upcoming announcement will be world-wide news because Saudi Arabia is backing the club.
There will be those that denounce the deal because of the Saudi’s terrible human rights record, and on the blog, we have already received those kinds of messages.
But what can we do – ask Ms. Staveley to not go ahead with the deal?
It’s daft to even think that, and we have to hope the Saudis start to improve their human rights record and quickly.
This is what Caulkin reports was in the deal Ms. Staveley had put together two years ago, which Ashley dismissed as a waste of time:
“Two years ago, when she admitted to having financial backing from sovereign wealth funds, Staveley planned to invest £100M on players over the first two transfer windows and the same again on infrastructure”
The consortium also will use common sense with the money and try to get value for it.
And we’d be surprised if we see stupid money being paid out for players as we saw initially with Chelsea and Manchester City when they were bought by billionaires, who wanted to invest in the club.
What do you think?