Newcastle takeover: Premier League clubs demand emergency meeting

Newcastle's new owner, Crown Prince Mohammed bin Salman

Newcastle United underwent a change in ownership earlier this week.

Mike Ashley, who bought the club in 2007, sold the club to a group led by Saudi’s Public Investment Fund (PIF).

The news was met by relief and excitement by virtually every Newcastle fan around the world.

Ashley was extremely unpopular among the club’s fans and many have waited years to see him go.

While Newcastle’s fans are ecstatic with the deal, the other 19 clubs in the Premier League are far from it.

And they are taking action.

According to the Guardian, the 19 other top-flight clubs are understood to be united in opposition to Newcastle’s new owners.

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ENTER GIVEAWAY

They are pushing for an emergency meeting next week as they want to know what changed for the takeover to suddenly be allowed and why they received virtually no notice.

Clubs learned via the media on Wednesday of the impending takeover and received confirmation from the league by email on Thursday.

As a result, the league’s chief executive, Richard Masters, and chairman, Gary Hoffman, received complaints from clubs who had no idea the Newcastle takeover was about to be approved.

Newcastle were taken over earlier this week

Their report also states that clubs have expressed concern that the Premier League’s brand could be damaged by the arrival of PIF.

The Daily Mail also name checks a few clubs that attempted to stop the deal altogether.

They claim the takeover was strongly resisted by Liverpool, Manchester United, Arsenal and Tottenham, who all lobbied the Premier League to deny the Saudis entry to the top flight.  

Newcastle takeover: Club could spend £200m on new players without breaching FFP

So it seems the takeover has been met with anger by Premier League clubs, but it’s too late to revoke it.

Newcastle’s new owners have a net worth of £320bn – more than the other 19 clubs in England’s top tier combined.

They are almost certainly going to be splashing the cash for many, many years to come.

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