Mark Douglas has been speaking on the Everything is Black and White podcast about what the club’s prospective new owners have planned.
After more than a 12-month wait for a takeover to happen, Newcastle fans appear to have got their wish as Mike Ashley has agreed to sell the club to PCP Capital Partners and now the Premier League has approved the deal, so all fans can do is wait for an announcement.
Should PIF be allowed to own Newcastle?
Given how wealthy Newcastle’s new prospective owners are, the club’s previous experiences of transfer windows and dealings in the past could be a distant memory and that also goes for how the club could be run, given how many people are set to be working inside the club, as profiled by Liam Kennedy.
Douglas has spoken about what the new owners have lined up for Newcastle.
“In terms of the plans, my understanding was that they had plans ready to go in the summer if they did get the arbitration green light in the summer.
“So they’ve been fairly well connected with people in football, so I would think you’ll see things like the appointment of a director of football very, very quickly ready to go for January – obviously which is when they’ll have their first chance to make a big difference.
“Let’s be honest, I think probably a change of manager will arrive fairly soon, I think they know that the situation is toxic around Bruce.”
TIF Thoughts on Newcastle’s takeover…
Looking at Newcastle’s results so far this season, they are arguably in need of some investment in the playing squad, and looking at how few top academy players have come through in recent years, that also will need some serious improvement if the new owners wish to grow the club organically.
Saudi backers PIF are set to take an 80% stake in Newcastle United, while financier Amanda Staveley and the Reuben Brothers, who already own Newcastle Racecourse, will take a 10% stake each, and considering the latter made it into The Times’ UK’s top 10 rich list ahead of Ashley and are only taking a minority stake, that potentially offers a glimpse towards how much PIF could be set to invest in the club.