Newcastle United’s long drawn out acquisition has made things extremely difficult for the Head of Recruitment, Steve Nickson, at Newcastle.
While last year things were complicated because we didn’t know who the manager would be, this season is almost as confusing, because we still don’t know who the owners will be for next season.
There’s an update in the Chronicle today on the takeover, but nothing much new is in the report.
The takeover decision is expected any day now, but we were saying that four or five weeks ago.
The good news in the same report is the would-be owners have already arranged one transfer deal, and they are awaiting for Premier League approval and the opening of the transfer window to complete the deal.
We have no idea who that player is, but, as usual, we’ve been linked with a lot of players over the last several weeks.
But we respect the players that come in this summer to have some class, as the new owners try to improve the quality of the squad for next season.
Richard Masters – CEO of Premier League
They will not be throwing their money around like Manchester City, and Chelsea did when they were acquired some years ago, but will invest wisely in the squad.
They will allocate about £200M to new players and the infrastructure of the club over the next three years.
And because we have made a profit over the last two seasons, the Financial Fair Play rules should not be a problem.
The Chronicle reports that a lot of the groundwork for this summer’s transfer window has already been done, but it’s got to be awkward without knowing who the new owners are.
Hopefully, the Premier League will show some guts from somewhere and announce their decision soon.
Let’s hope it’s the right decision.
It’s been over 10 weeks since Alanda Stavley presented to takeover documents to the Premier League back on April 9th.
But the Premier League seems to be frozen in time and still unwilling to announce their decision.
They look weak and indecisive.
To be a top manager or executive, it’s times like these, when either decision will be heavily criticized that you have to show some real courage and guts.