Eddie Hearn’s huge Saudi claims ahead of proposed £300m takeover at Newcastle United

In a recent interview with the Shields Gazette, Eddie Hearn has made some telling comments about the Saudi-based buyers closing in on a takeover at Newcastle United.

The boxing promoter claims the Saudis are ‘not in it to mess around’ and will spend big money to make sure Newcastle are on the THE ‘major players’ in the sport – also stating that his experience of working with them was ‘first class’.

This may all seem hypothetical until it’s announced Mike Ashley is officially gone, but with widespread reports now confirming the takeover will go through should they receive Premier League approval, it feels like it’s finally happening this time!

Here’s what Hearn had to say about a potential takeover following his dealings with the Saudis:

 “They love their combat sports, but football? Another thing altogether.

“But they are major players in everything that they do. They are not around to mess around.

“And if they get involved in a football club, they are going to be spending money.

“They are not short of money, put it that way.

“It is one for a supporter. How do you feel about being taken over by a Saudi Arabian consortium? Well, we know that once we get over that, we are going to be major players.

“If they come in, they will make sure Newcastle are major players.”

Hearn also dismissed criticism about his dealings with the Arab state amid human rights concerns, stating his experience with them was ‘absolutely first class’ – and insisting they’ll plan to make Newcastle the ‘biggest club’ should they seize control:

“There are always concerns when you do international business but we got a lot of criticism.

“There was the human rights, etc, etc. All I can say was that our experience from start to finish was absolutely first class. Everything they promised us, they delivered.

“They do have a lot of money and that makes a big difference.

“They want the biggest of everything, the best of everything. This is why, when it comes to a football club, they won’t settle for anything but buying something and making it the biggest club.

“They [Newcastle] could do worse.”

With the wealth of the Saudi PIF – who are soon-to-be 80% majority owners of NUFC – standing at £250billion, it’s fair to say there’d be HUGE money arriving into the club should they receive Premier League approval.

And to think that doesn’t even factor in the Reuben brothers – the duo set to hold a 10% stake who are worth a cool £18bn between them!

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About Olly Hawkins

Olly has been a Junior Magpie from birth. As a season ticket holder and avid Newcastle United fan - he eats, sleeps and breathes all things NUFC.

3 thoughts on “Eddie Hearn’s huge Saudi claims ahead of proposed £300m takeover at Newcastle United

  1. I have no doubt that the new owners (if it happens) will invest more than Ashley but there are two main points to understand.
    1) The billions that the owners are said to be worth is not just sitting around not doing anything. The vast bulk will already be invested in other things.
    2) There are restrictions on how much can be spent relative to the clubs normal income imposed by financial fair play rules which can be bent a bit but not ignored.
    The result is any thoughts of buying 11 world class players next season are daydreams. My hope is they might spend up to £100 million on three class players next season.

      (Quote)

  2. Barry Hutton:
    I have no doubt that the new owners (if it happens) will invest more than Ashley but there are two main points to understand.
    1) The billions that the owners are said to be worth is not just sitting around not doing anything. The vast bulk will already be invested in other things.

    Their oil company turns over $115bn a yr…..I imagine they could afford a fair chunk of sponsorship!
    As for FFP rules, it allows a certain amount of loss over three years, they could spend now based on expected future earnings which I would expect to be far higher than they are now as we currently get peanuts for merchandising and advertising due to Ashley smothering the ground in SD advertising for a fraction of its worth and selling merchandise through his own shops. Add in the sponsorship that would undoubtedly come and our turnover could skyrocket. That said I think the first season will be more about steadying the ship and having us safely away from the bottom of the table
    2) There are restrictions on how much can be spent relative to the clubs normal income imposed by financial fair play rules which can be bent a bit but not ignored.
    The result is any thoughts of buying 11 world class players next season are daydreams. My hope is they might spend up to £100 million on three class players next season.

      (Quote)

  3. Pumping money into a club does not guarantee success. Look at Man City and PSG. However having a good manager and investing in the youth and scouting can create a foundation to build on. For Example: Borussia Dortmund and Bayern Munich.

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