PREMIER - New Owners: Newcastle United deserves to be top of the PL

07.10.2021 22:20 of  D.B. TransferMarketWeb   see readings
PREMIER - New Owners: Newcastle United deserves to be top of the PL
TRANSFERmarketWEB.com

After a £300 million acquisition, Newcastle United director Amanda Staveley announced on Thursday that the club's new Saudi-led ownership intends to win the Premier League within 10 years.

Along with Staveley's investment firm PCP Capital Partners and RB Sports & Media, a consortium led by Saudi Arabia's Public Investment Fund passed the Premier League's owners' and directors' test to become the club's new owners.

The transfer broke the club's 14-year trophy drought under the ownership of billionaire retail magnate Mike Ashley, who is highly despised by Newcastle fans.

Staveley addressed Sky Sports about her vision for Newcastle in the next five to ten years:

"Newcastle United deserves to be top of the Premier League. It will take time, but we will get there."

"We want to be great custodians of this club," the British financier added. "What we don't want to be in danger of is over-promising.

"Newcastle is the best team in the world and we want to see it get those trophies, top of the Premier League, in Europe. To get trophies means investment, patience, time."