Newcastle legend Alan Shearer’s ecstatic reaction to confirmed £300m Saudi-led takeover

Newcastle fans rally outside the stadium as new owner is confirmed

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Newcastle legend Alan Shearer has broken his silence on the club’s £300million Saudi-led takeover, or perhaps more importantly their long-awaited departure from the clutches of Mike Ashley. What the future holds for the Magpies is now up in the air, although the sky is the limit after becoming the richest club in the Premier League. 

Fans have gathered in large numbers outside St James’ Park to celebrate what could be a hugely successful future for Newcastle. 

Ashley’s tenure as owner was characterised by a perceived neglect of the club, with their spending falling way behind Premier League rivals. 

Although he dug into his pockets more regularly in recent seasons, the damage had already been done and fans had been calling for the club to be sold for a number of years. 

Alan Shearer was one figure who could not hide his jubilation, saying: “Yesssssssss. We can dare to hope again.”

Shearer scored over 200 goals for the Magpies to become the club’s record goal-scorer. 

Since then, he has been vocally critical of Ashley over a number of years as the Magpies have gradually slid down the Premier League table. 

Their two cameos in the Championship under Ashley were a far cry from the 1990s when they competed among the Premier League’s best. 

In 2018, Shearer blasted Ashley for not giving over-achieving boss Rafa Benitez enough backing in the transfer market. 

“Copy and paste, different day,” he said. 

“From last year it is exactly the same thing. Give him some money to spend then.

“Rafa [Benitez] has always wanted the money to spend and they are making a profit in transfers.

“I am very concerned about [Rafa’s future], if he is not given the backing he deserves.

“He has got Newcastle into tenth place. If he can do that with that squad imagine what he would do with some backing and some finance.”

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