Newcastle United supporters have been reacting to a post on Twitter after a report emerged claiming the club’s ‘spending power could be unlimited’ if a deal can be resurrected with Saudi Arabia’s Public Investment Fund (PIF).
The Magpies were close to a dream takeover in the summer, one that would have seen their financial might rival the continent’s biggest sides before it collapsed.
However, the £300m proposal for the Saudia Arabia PIF to buy Newcastle from Mike Ashley is not completely dead, as Ashley continues to battle the Premier League in a court case.
Now though, a new update has been revealed after football finance expert Kieran Maguire told Football Insider that the potential takeover could give the club endless spending money in the transfer market due to UEFA’s plans to make wholesale changes to Financial Fair Play regulations, as reported by Italian outlet Gazzetta dello Sport.
Despite the latest revelation, it appears many Newcastle supporters are fed up with the ongoing takeover talks and aren’t optimistic that the saga will have a happy ending.
“Its not happening, its never going to happen. Facts are Ashley is still in charge and is still ruining our club. Lets stop talking about lala land and keep the topic on the desperate situation we find ourselves in!”
“Don’t be whipping that hysteria up again it’s the usual end of the season speculations so bored of it now..!!!”
“Our club is going to fade away under Ashley”
“It’s not going to happen. The slide onto the championship is inevitable. And this time we won’t be climbing straight back out.”
“Only if you ignore the fact that limitless spending is not part of the business plan. If the takeover went through it wouldn’t look like a Chelsea/Man City/PSG spending spree.”
“This is meaningless.”
The pessimism surrounding the Newcastle fans is easy to understand, given their current situation under Ashley, and any takeover from the Saudi PIF still appears to be some way off from being completed.