Manchester United and Tottenham Hotspur were especially angry at Newcastle United’s takeover
Manchester United and Tottenham Hotspur are reported to have been the fiercest opposition to Newcastle United’s middle east takeover. Mike Ashley’s ownership of the Magpies was sensationally ended last week, as a consortium led by the Saudi Arabian Public Investment Fund (PIF) and the Reuben Brothers, purchased the club for around £340m.
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The valuation of the PIF alone, who hold around 80% of the shareholdings at Newcastle, is a staggering £340billion – more than ten times the overall wealth of Manchester City owners Sheikh Mansour.
Seemingly overnight, Newcastle comfortably became the richest club in the Premier League and one of the wealthiest on the planet.
After the news of the stunning takeover was processed; shock gave way to anger amongst the other 19 Premier League clubs who demanded an emergency meeting with Premier League chief executive Richard Masters.
Newcastle was reportedly left out of the sensational meeting, as the other 19 clubs grilled Masters as to how the deal was allowed to go through.
And according to the Newcastle Chronicle, Manchester United and Tottenham were the angriest voices of the whole division.
It is claimed the pair were especially angry at the supposed silent and secretive way in which the takeover was completed.
However, this accusation was reportedly greeted with cries of hypocrisy as Manchester City, Manchester United, Arsenal, Chelsea, Liverpool, and Spurs tried to break away from the division and join the European Super League, without allegedly consulting the other 14 clubs in the Premier League.
The Chronicle also claim Newcastle’s new owners, featuring the instrumental Amanda Staveley, are more than aware of the other teams’ anger.
But they insist the takeover was completed by the book, and within the parameters laid out by the Premier League.
Staveley and co had been chasing a deal to buy Newcastle for the last two years, before they successfully secured the. “Brinkwire Summary News”.