Newcastle takeover: How did it happen? What is the vision? What about Steve Bruce?
Newcastle are 19th in the Premier League with three points - via three draws - from seven games
For a fanbase and club which has lurched from one drama to another in the past two years, at least there is now a blank page.The best anyone could have hoped for was January 2022, when arbitration between the consortium, led by financier Amanda Staveley, was scheduled in an attempt to settle a row with the Premier League about who would have control at the club.
By proving there is separation between the Saudi state and PIF that issue becomes immaterial. But after claims that beIN had pressured the Premier League into blocking the takeover, the timing was interesting nonetheless.Newcastle have had an average attendance of 48,366 at their three Premier League games this season
The takeover, they hope, will wash away their pain. PIF's assets of £250bn dwarfs the wealth of Manchester City's Abu Dhabi owners and Paris St-Germain's Qatari owners, and can conjure up images of signing the likes of French World Cup winner Kylian Mbappe or recruiting Antonio Conte as a replacement for Bruce.
"Saudi ownership of St James' Park was always as much about image management for Crown Prince Mohammed bin Salman and his government as it was about football." But the country has already shown its capacity to handle those issues when hosting fights for British heavyweight Anthony Joshua, the Spanish Super Cup and an F1 grand prix set for 2023.Backed by the wealth of PIF, the consortium is also made up of Staveley's PCP Capital Partners and British property investors the Reuben Brothers, who are also billionaires, so there is no shortage of money.
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