More

    How 18 other Premier League clubs are trying to stop Newcastle United becoming the next Manchester City


    Newcastle takeover completed

    During the last international break, the news that Newcastle had been subject to a successful takeover broke, sending shockwaves through the Premier League.

    The Saudi Arabai Public Investment Fund (PIF), now in control of the Tyneside club, are worth an approximate 500 billion, dwarfing the 20 billion estimates worth of Paris Saint Germain, previously the richest club in the world.

    The move brought an end to 14 years of austerity that was overseen by Mike Ashley, and injected hope back into the fans, who had grown tired and angry with the boring and dull style of football.

    Their new takeover did not get off to the best start, however, as the Magpies fell to a 3-1 defeat to Tottenham Hotspur on Sunday afternoon in the first game under their new owners. And now, they could face further straight-jacketing from the rest of the Premier League.

    Premier League clubs vote to suspend new sponsors

    Now, as per Adam Crafton of The Athletic, Premier League clubs have voted by a margin of 18-1, with Manchester City abstaining, to enforce a three week suspension on new sponsorship deals from “related parties”.

    NFL Betting

    In essence, this means that Newcastle cannot inflate their sponsorship income in order to sidestep financial fair play, something that Manchester City are currently on trial for. As a result, this means that the new owners cannot invest the amounts that the Citizens did, in theory making it harder for them to reach the very top through sheer financial power alone.

    It remains unclear as to whether this will become a longer ban, or whether it is more just a statement of intent from Premier League clubs.

    Read more:

    The three managers top of Newcastle’s shortlist to replace Steve Bruce

    The stat that suggests the Premier League relegation candidates have already been confirmed

     


    Newcastle betting odds, next game:

    Crystal Palace vs Newcastle odds: result, both teams to score, correct score & goalscorers

    Crystal Palace vs Newcastle Result/Both teams score Yes No
    Crystal Palace 3/1 9/4
    Newcastle 13/2
    Draw 7/2 9/1

    Newcastle’s latest videos

    Newcastle United 2 Tottenham Hotspur 3 | Premier League Highlights


    Newcastle United 2 Tottenham Hotspur 3 | Premier League Highlights

    The best of the action from Newcastle United’s 3-2 defeat to Tottenham Hotspur at…

    2021-10-17T22:04:49Z

    TOON IN TRAINING | Amanda Staveley and Mehrdad Ghodoussi Watch Training For the First Time


    TOON IN TRAINING | Amanda Staveley and Mehrdad Ghodoussi Watch Training For the First Time

    Two members of the consortium who completed the purchase of Newcastle United last week,…

    2021-10-11T16:57:27Z

    Source link news

    Related articles

    Comments

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Betting on Soccer

    Share article

    Latest articles

    Rangnick has big belief as Man Utd ordered to land ex-Championship boss

    New interim Manchester United manager Ralf Rangnick wants to make former Barnsley boss Gerhard Struber his assistant, according to a report. United are finally about...

    The best staff to employ on Football Manager 2022

    You might dream of becoming the best manager in Football Manager 2022, but you'll need a great backroom staff around you to realise that...

    Gerrard provides mixed team news update ahead of Aston Villa vs Leicester

    By Conor Laird Published: December 3, 2021 5:13 pm Last Updated: December 3, 2021 5:15 pm   Aston Villa boss Steven Gerrard has, on Friday, provided fitness...

    Liverpool handed Joe Gomez transfer boost

    3 minute read 4/12/2021 | 08:40am ...
    Betting on Soccer

    Newsletter

    Subscribe to stay updated.