Newcastle United: What will the takeover mean?
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Newcastle fans have been waiting years for Mike Ashley to sell up and their wish looks set to finally come true with the Saudi-based Public Investment Fund (PIF) all but signed off. There are some warning signs with Newcastle fans still burned by the takeover saga which tailed off in spectacular fashion last year.
A resolution over alleged piracy issues though has seemingly fast-tracked talks to resume with reports indicating that an announcement is just ‘hours away’.
Newcastle supporters though have already begun dreaming of who they could look to sign in the transfer window with millions in the bank.
The Magpies have endured a torrid time in England’s top flight over the past few decades, last finishing fifth in 2012.
They’ve seen two relegations to the Championship with frustrations growing from fans that the team have been far away from competing for European places.
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That’s all set to change with the money coming in from PIF with reports stating they hold a net worth from the Gulf state worth £320billion.
Newcastle will still have to abide by Financial Fair Play regulations, but recent activity at St James’ Park may work in their favour.
Football London point out football finance expert Keiran Maguire’s comments from 17 months ago which claimed Newcastle had, at that time, “an FFP profit of around £82m over the past two seasons to the end of 2018/19.”
Clubs are allowed to register a maximum loss of £105m over a three-year period, meaning Newcastle could potentially have up to £200m to spend in just one window.
The Mirror go one step further, claiming £250m will be available to spend straight away.
And that could come as a huge wake-up call to Premier League clubs such as Tottenham, Arsenal and Liverpool.
Tottenham and Arsenal specifically are going through a rough patch and looking to regain their place in the Premier League’s elite.
The Gunners splashed big in the summer with a clear focus on a rebuild while Spurs were more frugal with the money they spent under Daniel Levy.
Things haven’t worked out just yet for either club, but if Newcastle are able to make a splash in the transfer market and improve their squad drastically then Arsenal and Tottenham’s hopes of returning to European football will take a hit.
For Liverpool, they remain one of the big powerhouses in Europe and are expected to mount a title challenge this season.
But investment in Klopp’s playing squad has been minimal in recent years and they were far behind the likes of Manchester United, Manchester City and Chelsea this previous summer.
Liverpool’s current playing squad have the talent to continue competing at the top, but if Newcastle become a more attractive proposition for transfer targets with the promise of huge wages then the Reds may lose their ground.
For Newcastle fans, it remains a waiting game to see what exactly will happen when the transfer window rolls around.
But once the takeover is all completed, all eyes will be on what kind of business they do in January.
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