Newcastle United Takeover: How Did It Happen? What Is The Vision?

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Newcastle United supporters will be to blame if #cans trended on social media in the following 48 hours. As a £305 million Saudi Arabian-backed takeover attempt has finally achieved a completion, the hashtag reflects their excitement and getting the beer cans in.

It’s also a great shock that it happened now, after 18 months. Supporters were ecstatic last week when they learnt of a January arbitration date. Fans may dance on the stairs of St James’ Park and dream of a brighter future now that one of the league’s most complex takeovers is completed.

Without owner Mike Ashley, the club will be able to compete with Europe’s biggest clubs thanks to the billions provided by the Saudi Public Investment Fund (PIF).

However, there are still numerous concerns to be resolved. What will the club’s human rights record say about Saudi Arabia? Will the Premier League provide details on how it reached an agreement with the consortium? What kind of budget will Newcastle have to work with? What about Steve Bruce, the team’s manager?

At least there is now a blank page for a fanbase and club that has swung from one turmoil to the next over the last two years.

Source: BBC Sport

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