Newcastle United is undergoing a takeover as the Premier League approved the club’s £305million sale to the Public Investment Fund. However, this sale isn’t sitting well with various clubs in England’s top-flight league.
According to the Daily Mail, Manchester United, Tottenham Hotspur, and Everton FC are the most vocal about their displeasure concerning the deal during the meeting between the Premier League and the other 19 clubs.
Those inside the meeting revealed a belief that their anger centered around the prospect of heightened competition for UEFA Champions League places.
Furthermore, one top-flight executive stated to the English media outlet that the reason they don’t favor the is due to the “green-eyed monster” and “self-interest,” with Newcastle’s owners guaranteeing significant investment in their hunt for silverware.
Nonetheless, the clubs that didn’t have much objection to the takeover were the smaller clubs, who found humor with the Big Six’s aborted Super League breakaway still fresh in memories.
“This is mainly an issue for the bigger clubs, although there are concerns over the immediate impact on the relegation battle,” a club chief explained to the Daily Mail. “They are nervous that precious Champions League places have suddenly got harder to come by. A lot of the smaller clubs are pretty relaxed about it.”
QUITE!
Of course, I’m talking POTENTIAL here, Newcastle’s actual results in terms of trophy winning have been virtually non existent with a Fairs Cup in 1969 the only trophy of consequence since 1955.
A little tougher now than for Chelsea and City because there is one more Big Boy now than when City were taken over (two more since Chelsea were taken over!) and then there are the mysteries of FFP!? Does ANYONE really understand the rules regarding FFP? One thing seems clear, the established Big Boys will be trying to implement them re the Geordies. But you’re right: Newcastle should become a leading light, though I have seen it suggested that they could become the Spurs of the North! It should perhaps be emphasized, too, that the new owners of Newcastle are inheriting a struggling team; I can’t remember where City were when Abu Dhabi came calling, but they weren’t too good, I seem to recall; Chelsea, however, were a Top 10 (?), Top 12 (?) (and London’s number 3, historically) kind of a club at the time enjoying a very good spell winning cups (as had been our speciality) without really threatening to win the league when Abramovic arrived on the scene.
Yes, while noting and admiring their passion and loyalty, I’d have to say they have tended to overestimate the actual size of their club, which was not, until now, as big as some of them think: the principal club of the North East, of course, but overall, towards the bottom of a Top Ten with the Villa and, perhaps, Leeds. Of course, Man City and Chelsea only became demonstrably bigger clubs when the money started flowing in.
Of course, I don’t think the 300 million, in itself, to buy players would worry any prospective wealthy buyers (Newcastle will probably be spending more than that) but the absurd asking price of 3.5 billion and the huge debt to be cleared. Newcastle represented far better value for money at 305 million. Yes, the alternative RRP (relatively recent past) we could have been enjoying under the Qataris!
The best is invariably the richest. We can all wish for the likes of Leicester (who are hardly paupers) to win the league but that apple cart is not often turned.
HERE BLOODY HERE!!!
Hello paid schill
FU&$ YOU Leavy! Lets get this chant going on sunday!!!!
There were rumours Spurs could have been bought by the Qataris a few years ago which would have put us up there with City and the rest. Levy and Lewis were naive in their forecast of keeping Spurs at the top using their masterplan, one that HH continually stated was a plan no one else has succeeded in doing.
No one in their right mind would buy Spurs now for circa £2bn with a £500m debt and a need to invest £300m in the team. Spurs crying over the Newcastle sale is embarrassing. It will hurt Levy/Lewis in their bid to sell and I love that. I want them squirming for the half hearted approach to the football side of the club.
We, the fans have lost out in the last 15 years and the next 5 do not look rosey at all, therefore I will find solace in watching Levy’s and Lewis’ reputations be tarnished somewhat. It is the best I can hope for. Their legacy is the sidle a club in £500m worth of debt without many prospective takers in buying the club when they could have made a handsome profit selling to the Qataris and we, the fans, could have won some pots and pans. The future is bleak from my vantage point. Champagne stadium and flat panda cola pop football.
I am pleased for the toon supporters, they had it awful under Ashley, but I am jealous as well. The EPL has been far from equal and we are pushed further down the pecking order. No wonder Levy wants to put a halt to proceedings and get in the European Super Duper League. He knows we are doomed, but some of us knew this 18 months before Poch was sacked.
Levy squirming as his opportunity to only aspire for a CL place becomes even more remote. Our problem is who is ever going to pay the valuation ENIC and Levy desire for the new latrine plus the investment needed to build a world-class squad. Therein lies the differential with the Magpies. They are picked up for £300 million and that leaves plenty of investment to make in building their squad by the new owners. Unlike our parasitical owners, they will look to create success on the pitch as a primary business objective whilst ENIC looks primarily at real estate development and football success as a non-core issue. We need to do what Harry has suggested and that is to marginalise ENIC and Levy by withdrawing financial support from the fanbase as quickly as possible before the multievent revenue streams are built up to the extent that even that becomes an irrelevance to ENIC.
Anything that makes ENIC feel uneasy is a win to me. Eat crap Daniel! Best of luck to newcastle!
Not sure what the Geordie’s problems have been. They have had an owner who manages the club within its means. They seem to think they have a divine right to be a big club when they are anything but. They still buy decent players and have a big squad and always fail to deliver and simply blame everything on Ashley. He is no saint but the main problems are poor managers and underachieving players and the fans ridiculous expectations. Now they have got what they wanted and are the richest club in the world. If anyone can cock it up they can but with an owner many times richer than Man City’s surely they will be dominating the PL in 3 years or so which is about how long it took Chelsea and City before them. Only one CL place left
No. The richest club will win
As the SL attempt shows, the so-called big clubs just want a closed shop and sod everyone else. Enic out.
Free and fair competition .. just need to buck up and discover the world’s largest oil reserves under the sofa.
Yeah that would certainly convince somebody to pay Levy ten times what the Saudis paid Ashley. Nothing surer.
We stopped the super league, the soul and integrity of English football was saved.
True victims who deserve the title every year, forever.
If they had offered enic 4 bil though I’m sure that would have been fine though.
Good luck to them after after putting up with 15 years of the uckwittery
Levy is being hypocritical as usual after his efforts to get us into the ESL. Truth is that if that competition is ever realised we have no right to be anywhere near it as it’s Europe’s super clubs that gain entry not Europe’s super stadiums.
Levy now knows his chance of CL football on a shoestring budget have well and truly gone. Serves him right for thinking managers like Pochettino grow on trees.
The only reason Levy is venting his spleen,is because his position of trying to squeeze into a Euro slot without investment has just become even more untenable.
The jig is up and he knows it.Hopefully more people will be boycotting matches and the buying of merchandise.
Why should any Premier League clubs object to the Newcastle takeover by SBM’s sovereign investment fund. It must have duly approved by Premier League and done and dusted. The clubs just have to buck up with their own investments to boost their squad and challenge them. The best team will win.