Newcastle takeover completed
During the last international break, the news that Newcastle had been subject to a successful takeover broke, sending shockwaves through the Premier League.
The Saudi Arabai Public Investment Fund (PIF), now in control of the Tyneside club, are worth an approximate 500 billion, dwarfing the 20 billion estimates worth of Paris Saint Germain, previously the richest club in the world.
The move brought an end to 14 years of austerity that was overseen by Mike Ashley, and injected hope back into the fans, who had grown tired and angry with the boring and dull style of football.
Their new takeover did not get off to the best start, however, as the Magpies fell to a 3-1 defeat to Tottenham Hotspur on Sunday afternoon in the first game under their new owners. And now, they could face further straight-jacketing from the rest of the Premier League.
Premier League clubs vote to suspend new sponsors
Now, as per Adam Crafton of The Athletic, Premier League clubs have voted by a margin of 18-1, with Manchester City abstaining, to enforce a three week suspension on new sponsorship deals from “related parties”.
In essence, this means that Newcastle cannot inflate their sponsorship income in order to sidestep financial fair play, something that Manchester City are currently on trial for. As a result, this means that the new owners cannot invest the amounts that the Citizens did, in theory making it harder for them to reach the very top through sheer financial power alone.
It remains unclear as to whether this will become a longer ban, or whether it is more just a statement of intent from Premier League clubs.
ankitttttttttrtr
0
then u r poorest in Laliga ??🤣🤣
I am telling you the reason for scare for small clubs - hence laliga small teams also hate big clubs like barca n RM
gijopaul
0
Yeah, money dominance is the thing small clubs scared about
then u r poorest in Laliga ??🤣🤣
hizadnpt
1
money makes the world go around
newabknoty
0
Newcastle is far richer very far richer than Manchester city. So in the next 5years Manchester city won't near them
will be closer then your lot
Lohit14
0
They are scared to death that Newcastle could become a power in Europe. Says a lot about the confidence they lack in their own teams
amen brother let the football do the talking if they are destined they will become a power house if not they will not Newcastle fans deserve this nobody can deny this to them
cemabpruyz
0
this is bullshit man every team deserves redemption Newcastle United fans and team need more than anyone after Mike Ashley these American owners god they are a curse to football
They are scared to death that Newcastle could become a power in Europe. Says a lot about the confidence they lack in their own teams
cemabpruyz
2
What a bunch of losers, noticed that Man City abstained from the vote. Probably because it’s unlawful.
NkelnziehSmith
0
MOnEy can't do everything..Man city is man city...new castle can't be new man city meanwhile we are not dead[Crylaugh][Crylaugh][Crylaugh]
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Newcastle is far richer very far richer than Manchester city. So in the next 5years Manchester city won't near them
Lohit14
4
this is bullshit man every team deserves redemption Newcastle United fans and team need more than anyone after Mike Ashley these American owners god they are a curse to football
Nohaimory
7
city is the best
Puhemoptuy
1
absolutely trash,,, this vile author has a personal agenda against Man City for some wired reason. it's actually so dumb to just talk about man City like they're the only club owned by the an Emirati group ffs. No one has the damn nuts to talk about how Abramovich helps Chelsea spill money in the transfer markets or how khelafi has made psg a top club. People have always had a personal agenda against City just because they've been on the top for the last decade and that really hurts people. Such a shame.
shut up and read the article and stop ranting like a spoilt radio the reason. is Abramovich company sponsoring his club? No. man city is own by the same Abu Dhabi group that owns Etihad, so they can Easily inflate Thier sponsorship fees and other, and for your information it's not Emirates it's Etihad.
givandath1701
3
So we got old u mean???
givandath1701
2
MOnEy can't do everything..Man city is man city...new castle can't be new man city meanwhile we are not dead[Crylaugh][Crylaugh][Crylaugh]
BigDaddy007
7
absolutely trash,,, this vile author has a personal agenda against Man City for some wired reason. it's actually so dumb to just talk about man City like they're the only club owned by the an Emirati group ffs. No one has the damn nuts to talk about how Abramovich helps Chelsea spill money in the transfer markets or how khelafi has made psg a top club. People have always had a personal agenda against City just because they've been on the top for the last decade and that really hurts people. Such a shame.
ankitttttttttrtr
0
They scared because they can’t even handle one Man City having 2 would be disastrous
Yeah, money dominance is the thing small clubs scared about
Kbhcityfan
3
The other clubs should welcome the competition. It's what makes the EPL the toughest and most prestigious league.
Miockmnt
5
is manU and Chelsea not very rich?
❖Vsdl
3
they will make the league of itself with their money
nabster10
7
They scared because they can’t even handle one Man City having 2 would be disastrous
Football993
0
World is full of selfish people.
reubenite01
3
they didn't succeed in stoping Manchester city, I don't think they will succeed in stoping Newcastle. The Newcastle owner is even richer than Manchester city owner. how do they plan to stop him???🤷🏾♀️🤷🏾♀️
muhammadrabiuahmad
1
Okay, Newcastle remain as where they are while Man City continue getting progressive?!!!! Now I understand what you mean.
Assi12
2
This is pure enemies of progress so u want Newcastle to remain like that
Pacekopruy
1
it's nonsense allow them to invest so that we another good competition.
MichaelFrolian
5
This is how they ar trying to stop him 😂😂😂😂