Takeover will allow Toon to spend £200m on squad without FFP breach

Fears grew that Newcastle would unduly benefit from agreements with Saudi entities following the takeover, sparking the agreement by all clubs, other than Newcastle and Manchester City, to introduce the regulations. There is also a quirk in UK industry rules allowing brands to advertise in Britain without a licence of their own, which gives firms the chance to operate ‘at the fringes’ of regulation, the report said. Clubs continue to partner with these operators despite well-documented evidence of unsafe practices and links to crime.  The current relationship between football and gambling companies is nothing short of the Wild West.

Its CEO is Manx-based Garth Kimber, who lives in a seaside mansion boasting a tower and stunning views. TGP Europe, which is licensed by the Gambling Commission, is part of a network of related Manx companies including TGP Holdings and Xela Holdings, but its ultimate ownership is unknown. In 2013 Newcastle United posted a picture of him alongside Newcastle players to announce a deal with 138.com, with Kimber billed as ‘138.com chief executive officer’.

These links suggest those controlling SunCity, including Chau, were also controlling Xela and TGP from around 2012, but there has been little public indication of the nature of the relationship in recent years, since Chau came under serious scrutiny from China’s legal authorities. The HK-listed SunCity Group Holdings, rebranded as LET Group Holdings since Chau’s arrest, denied it was ‘related’ to TGP but would not comment on another arm of Chau’s empire, the privately owned Sun City Gaming Promotion (SCGP), based in Macau.

All the clubs who responded stressed they did due diligence on their betting partners while not feeling it was practical or necessary to extend that to due diligence to other companies their partners work with, such as TGP. Reports state that Newcastle will receive £34.3m this season as opposed to £19m last season owing to having been on television 30 times over the campaign. They will receive £17m more this season in merit payments should they remain in third position than the 2021-22 term.

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. Beginning at home to Tottenham on August 11, they then travel to dangerous new boys Cardiff, with fixtures against champions Manchester City and title contenders Arsenal and Chelsea in the following three weeks.

Sunderland are fifth while drawing over 30,000. The crowd that should afford an advantage becomes a source of anxiety. Now back in League One, they average nearly 23,000 again and lie an ordinary eighth. It is not easy balancing reduced status with a stadium built to expect more. In that 2003-04 campaign, Wednesday finished 16th. 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 have spent extensively, if not lavishly, in the three transfer windows since the takeover. Fees have amounted to £250m so far, with the club expected to continue revamping their squad this summer Here is more about fun88เครดิตฟรี visit our site. .

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