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Newcastle United’s new owners say they want to transform the club into a superpower like Manchester City and Paris Saint-Germain after completing their £305million takeover.
Speaking to Sportsmail inside her hotel suite on Tyneside, co-owner Amanda Staveley outlined the ambition of the consortium, backed by Saudi Arabia’s £700billion Public Investment Fund (PIF).
The Magpies now boast the wealthiest football-club owners on the planet and, as thousands of supporters celebrated at St James’ Park, Staveley told us: ‘Of course we have the same ambitions as Manchester City and PSG in terms of trophies, absolutely, but that will take time.
Amanda Staveley has outlined a bold vision for Newcastle to make the club a new superpower
Newcastle United's long-awaited £305million Saudi takeover was completed on Thursday
Newcastle's new owners want to transform the club into football's new superpower like Man City and are targeting a Premier League title within the next five or 10 years
‘Do we want to win the Premier League within five to 10 years? Yes. This takeover is hugely transformative. We want to see trophies. But trophies need investment, time, patience and team work.’
Head coach Steve Bruce is set to lose his job and we understand the new owners are ready to pay the £8million needed to remove him.
They are aware of the negative impact it could have if he remains in charge for the first game of their regime at
