Premier League- Newcastle’s £305million takeover: Newcastle’s Saudi takeover met with furious response by Premier League rivals with Daniel Levy, the Tottenham chairman leading efforts to stop lucrative sponsorship deals as Liverpool, Man United and Arsenal also asked the premier league chiefs to block the move. There were also reports last night that the other 19 clubs have demanded a meeting to ask the Premier League why the Newcastle takeover was signed off.
Newcastle’s spending power under their new owners could make it harder for rival clubs to cling onto their place at the top table, Newcastle is now the richest football club in the world, worth an estimated £320billion. That’s £100billion more than the next wealthiest, Paris Saint-Germain and over ten times more than third on the list and the now the dethroned leaders of English football’s money game, Manchester City.
Premier League- Newcastle’s £305million takeover: The Daily Mail reports that, Tottenham chairman Daniel Levy has tried to stop the consortium bringing in a lucrative sponsor, but he has been told this is a futile pursuit.
At this moment Liverpool, Arsenal and Spurs look to be the most obvious losers from Newcastle’s takeover, Jurgen Klopp has frequently defended Fenway Sports Group from accusations that they are allowing the club to fall behind domestic rivals in the transfer market, but since winning the Champions League in 2019, Liverpool have a net spend on signings of £40m. They remain a fantastic team, but a regeneration of the squad is going to be required at some point: Jordan Henderson is 31; Virgil van Dijk, Roberto Firmino and Thiago Alcantara are 30; Alisson, Mo Salah and Sadio Mane are 29. Liverpool will have a new competitor in the transfer market when that rebuild begins to take shape.
Newcastle’s £305million takeover: At least the Reds are in a better position to compete with new money than either of the north London clubs, though. Arsenal and Spurs were widely ridiculed for having the gall to sign themselves up for the European Super League, given the former have been outside of the Champions League for five seasons and the latter have not won a major trophy since the League Cup in 2008.
Premier League- Newcastle’s £305million takeover: They both suffered the ignominy of finishing below non “big six” clubs, Leicester and West Ham in the Premier League table last season, spending the final few weeks of the campaign locked in a widely ridiculed battle to qualify for a third-tier UEFA competition, designed to give clubs smaller countries a shot at European football.
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