Everyone is wondering how much money Newcastle United’s new owners will invest in the club. A new report has revealed that amount.
Newcastle United has been in the media for a wide range of reasons over the last few weeks, but the recent takeover negotiations has made the club a top headline across Europe. Mike Ashley has agreed to sell Newcastle United to a consortium comprised of Prince Mohammed bin Salman, Amanda Staveley and the Reuben brothers.
The crown prince of Saudi Arabia holds the majority share of the club, 80%, and he will be the primary investor. Once the Premier League gives Prince Salman and his partners the green light to take the keys of St. James’ Park, Newcastle United will officially become the richest club in the world.
Yes, you read that correctly. Not just the Premier League, but the entire planet. Despite enjoying the best financial support around the globe, due to Financial Fair Play regulations, which states that a club cannot spend more than the revenue it generated over a three year period, Newcastle United cannot chase top of the line talent immediately.
That being said, though, Newcastle United have generated substantial revenue since earning promotion to the Premier League three seasons ago, but the new owners will be tasked with improving general sales and building a global brand.
The best way to do that is by upgrading the squad so it can compete and knock on the door of the top six. According to several reports, the club’s soon-to-be owners plan to invest immediately and they have already begun identifying summer transfer targets.
A new report from the Mirror claims that the paperwork submitted to the Premier League outlines Prince Salman’s investment plan for Newcastle United. The report states that the new owners will invest £200m into the club from day one to properly begin its transformation into a successful Premier League side.
With that amount of money fans can expect to see the club sign several quality players who can promote internal competition and get the team into the top half of the table. It would be unrealistic to expect any mega transfers this summer, but with £200m on hand it is safe to assume that Newcastle United will be a dangerous team next season.