A Saudi-backed takeover would transform our club into a ‘global powerhouse‘ according to a new report, which has revealed their huge plans at St James’ Park should they receive Premier League approval.
This comes from the Daily Mail, who report that a 350-page presentation has been sent to the Premier League, including plans to invest over a series of ‘three-year stages’ to take us to the very top of the football tree.
The plans mentioned include a stadium revamp, investment put into the neglected training ground, improvements to the academy, and of course – big money signings.
Here’s a snippet from the piece itself, which also highlights that the approval of the new board – set to include Yasir Al-Rumayyan as chairman – is expected to take ‘several weeks’:
The approval of the new board is expected to take several weeks.
The Saudi-backed consortium has sent a 350-page document detailing their financial plans for the club to the Premier League.
The document outlines audacious plans to pump hundreds of millions into Newcastle in a bid to create a club capable of competing in the Champions League.
The document outlines fresh investment over a series of three-year stages, new commercial sponsorships and plans for the day-to-day management of the club.
The new owners want to revamp Newcastle’s stadium, while buying star players and training younger players to try to create sustained success.
Our fanbase has often coined the phrase ‘we don’t demand a team that wins – we demand a team that tries,’ and if this report is to be believed, it looks as though that wish will finally be granted.
Sir John Hall had an ambition to turn this city into a world power on the sporting stage, acquiring the Falcons rugby and Eagles basketball teams alongside NUFC to try promote a ‘sporting club Newcastle’ brand, similar to how our European neighbours operate.
He also had plans in place to build a new 70,000 seater stadium on Leazes Park, before settling on an expansion to the cathedral on the hill.
These proposals would blow Sir John Hall’s out the water, as our club – and city – would be hit with Middle Eastern investment that it has never seen before, with ‘hundreds of millions’ being pumped into not only the club but the area’s infrastructure as well.
The report also reveals that Yasir Al-Rumayyan – the head of the Saudi sovereign wealth fund – is in the ‘final stages’ of becoming the club’s chairman, stating he would become the new face of the club ahead of a £300m takeover.
Financial FairPlay restrictions would prevent us from throwing fortunes in every direction, but with commercial revenue increased on a global scale, it seems our rise through the ranks would be aggressive but measured at the same time.
It took Man City three years to reach the Champions League after their takeover, and we would likely be running on a similar timescale – if not longer given how spending could be capped.
The first team to hit lucky with a billionaire owner was Chelsea when Ambramovich entered the Premier League party, and the report says Staveley was looking to broker a Saudi-backed deal for the London club but the £3.5billion price tag put them off.
Buying Newcastle United for a tenth of the price, and the project that we would bring to the table, is a much more attractive proposition to someone looking to not just own a club, but improve his popularity and his country’s reputation.
Mohammed bin Salman might be known as the ‘Crown Prince’, but he would very much be a King around these parts should he have us winning silverware again – and you can bet your bottom dollar that he knows it too.
His country and name is already being smeared by the virtue-signallers on social media, who are using Saudi Arabia’s historic human rights record as a stick to beat us Toon fans with.
Enormous investment into England’s most Northern city would go some way to disprove the toxicity from rival supporters, and even make them extremely jealous too.
While we sit and wait for an official confirmation, you get the sense that our fanbase is relishing the prospect of becoming the envy of the Premier League.
I know I certainly am.
I agree with all of this. I also wonder if the group were buying Manure Utd, Chelsea, Arsenal etc would we be having the same smear campaign…..
Zoukman28(Quote)
This comment sums up the rest of the so called journalists
Enormous investment into England’s most Northern city would go some way to disprove the toxicity from rival supporters, and even make them extremely jealous too.
Was there anything said when Sheffield Utd and Man City were bought out by the Arabs
Davidp(Quote)
Article is wrong as you can spend as much as you want on infrastructure it’s debts on players that’s covered by ffp rules otherwise many clubs would fall foul of the rules that have built new stadiums.
david render(Quote)
“His country and name is already being smeared by the virtue-signallers on social media, who are using Saudi Arabia’s historic human rights record as a stick to beat us Toon fans with.“
^^^FFS. Do some research into the Saudi regime then come back to this. You’ll be embarrassed. And hopefully ashamed.
Mark(Quote)
Would that be the same person (owner) who had the Turkish journalist to pieces in the Embassy
mal(Quote)