Manchester City’s development after it became majority owned by Sheikh Mansour, who has an estimated individual net worth of at least £17billion, in 2008, is an interesting comparator for Newcastle’s potential trajectory. Newcastle United will be able to spend well over £200million strengthening their squad in the next three years, without breaching Financial Fair Play rules, if the Saudi-backed takeover goes through, financial analysts calculate.
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Fresh alongside the famous black and white stripes is a new sponsor to replace the divisive Wonga – with Asian online gaming company FUN88, taking centre stage on the design in light blue font after agreeing a three-year deal with the club. While some ads are legitimately directed at Chinese expats, concerns have been raised that brands may be using their relationships with Premier League teams to appeal to customers in China, where gambling is illegal. Asian betting brands frequently advertise in Chinese, including on the hoardings at Premier League games which are watched worldwide.
The consortium expected to takeover Newcastle is funded by the Saudi Arabia Public Investment Fund. The Toon will be the wealthiest team in world football, with the Investment Fund worth a staggering £320 billion. However, analysts believe that Newcastle will actually be in a position to spend at least twice that sum between now and the end of the 2023-24 season because the current owner Mike Ashley will leave the club in a strong financial position.
Whilst Mike Ashley is not popular In Newcastle, his legacy for new owners is a profitable club. In last 3 yrs profit £38m, factor in FFP adjustments for academy etc of about £50m & this means the new owners have an allowable FFP loss of £105m plus £88m= £190m+ to play with #NUFC pic.twitter.com/IPSMzn3p22 Along with the introduction of a new sponsor, a simple scroll under the badge stating ‘125 years’ to mark the milestone for the club, while red numbering will return to the back of the shirt and shorts.
‘Two relegations and your luck is out… Newcastle fanzine criticises fellow supporters for flying… David Moyes admits Alan Shearer was RIGHT when pundit called… Newcastle boss Rafa Benitez turns up in Liverpool to greet… Alvin Chau, 48, was sentenced to 18 years in prison last Wednesday in Macau, China, after being found guilty of more than 100 charges relating to organised crime and illegal gambling activity exceeding £85.7billion.
Liverpool and Man City are flying but Norwich look… For more info regarding สมัครfun88 look into the web site. Timo Werner says he is not ‘satisfied’ at Chelsea following… Newcastle takeover LIVE: The party starts as jubilant fans.