Newcastle United & Saudi Arabia
Every Newcastle United fans is asking the same question daily: when will the takeover from the Saudi Arabian Public Investment Fund finally be completed?
Should the deal receive the green light from the Premier League, Mike Ashley should sell the Magpies for 300 million pounds.
Once ratified, the Saudis are expected to acquire an 80% stake at Newcastle United.
Amanda Staveley and the Reuben brothers are each set to own 10% of the club.
What’s the timetable for the Newcastle takeover?
Back on April 20, the Times reported that the Newcastle takeover was virtually done.
Yet, while the parties had agreed on the deal, the Premier League officials still had to review all the documents.
Magpies’ fans were told that this process could last around three to four weeks.
This week, reporters George Caulkin and Duncan Castles have both said that the Newcastle takeover could be finalised next week.
George Caulkin was speaking on the Athletic’s Pod on the Tyne podcast (audio below), and he said:
It is a process which is supposed to be exhaustive, it is supposed to be serious and it is supposed to be done properly.
Their latest timeframe is next week but this will take as long as it takes.
They were told it would take four weeks but there is no definitive deadline on this.
I’m just repeating the same thing though. They were told beforehand it could take up to four weeks, but that was just a guide. There’s no deadline to it. And the PL are in control of that, not the buyers. I’m not aware of any exclusivity; the deal has been signed off.
— George Caulkin (@GeorgeCaulkin) May 5, 2020
Impact of oil price crash on the Newcastle United takeover
Duncan Castles has looked out how the price of crude oil could impact Saudi Arabia’s takeover at Newcastle.
Last weekend, Saudi Arabian Finance Minister Mohammed al-Jadaan issued the following statement about the Kingdom’s finances amid the falling oil prices and the economic downturn caused by Covid-19:
We must reduce budget expenditures sharply. Saudi finances need more discipline and the road ahead is long.
That triggered some into fearing that the Saudis might not invest in Newcastle at the rate many had hoped.
However, Duncan Castles has allayed those fears for Newcastle supporters, saying (audio below):
No, it will make no difference (to PIF’s intentions to invest).
Duncan Castles also noted how the Saudi Arabian Public Investment Fund aims to swell it’s wealth to two trillion dollars.
How Toon can use Man City’s investment model
Working on the assumption that the takeover moves forward, how much money will Newcastle have to spend on new players?
Duncan Castles touched on that subject, noting that the Saudis could look to employ similar measures to increase the cash flow at St James’ Park, following the examples of Manchester City and PSG beforehand.
While Man City are owned by the Abu Dhabi royal family, PSG are owned by Qatar.
In both situations, Man City and PSG have benefitted from hugely commercially advantageous agreements with their owners to increase their transfer budgets.
For example, Man City have completed shirt sponsorship deals and stadium sponsorship deals with their owners.
While these deals need to be priced at reasonable market value, it’s an obvious way for the Saudis to raise funds for transfers at Newcastle.
Listen to George Caulkin and Duncan Castles
George Caulkin’s updates on the Newcastle takeover can be heard after a couple of minutes.
As for Duncan Castles, his analysis kicks in after 6 minutes.
Also see: Best Netflix, Amazon & YouTube football documentaries & movies to watch during coronavirus isolation
9 best football documentaries to watch on ESPN+ during COVID-19 quarantine
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