Newcastle’s fans will be disappointed by the football finance expert’s prediction.
Newcastle fans were overjoyed when the Saudi-led ownership of their club was approved, but a football finance specialist has sent supporters’ hopes of immediate success crashing down.
Newcastle fans will be disappointed by a football finance expert’s prediction for the club’s future under its new Saudi-backed owners.
When the news emerged last week that the £320 billion takeover, funded by Saudi Arabia’s Public Investment Fund, had been finalized and Mike Ashley was gone, there was celebration on Tyneside.
Magpies supporters are hoping for a dramatic turnaround, with the club moving from bottom-half strugglers to Premier League title contenders.
But transformation takes time, and supporters who assume they can mimic Manchester City’s near-instant success have been dealt a blow by one expert.
Newcastle, according to Dr. Tom Bason, will take far longer than City did to win their first title, which took four years.
“Well, it won’t be simple,” he told Sky Sports. Many clubs have spent a lot of money in previous years and failed to make the top four. Take, for example, Everton. And having a lot of cash isn’t a guarantee of success.
“City and Chelsea are wealthy, but they also have a strong internal infrastructure that has taken many years to develop.
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“So it’s not something that happened overnight in terms of their playing and financial management within the club.”
“It’s probably doable in ten years if they start putting the necessary building blocks in place today.”
The Toon army may have expected their success to come even faster than City’s, given that its new owners are worth more than ten times Sheikh Mansour’s net worth.
However, if Bason’s prognosis is correct, they would have to wait longer than expected for Prem glory.
With the possibility of a new manager and a slew of new players, the next three months are shaping up to be crucial for the north-east club.
For the time being, Steve Bruce remains in command ahead of Sunday’s encounter against Tottenham, although speculation is rife about who might take his position and who the club will sign in January.