A long list of transgressions are at the forefront of the fans disapproval of Mike Ashley.
Following the completion of acquisition over Newcastle United Mohammed Bin Salman (colloquially known as MbS) will become the true beneficial owner. “If the fans have faith in the owners then that builds trust and trust builds time,” Kieran Maguire, a university lecturer on football finance and author of The Price of Football, tells CNN Sport. Both Newcastle and the Premier League declined to comment when contacted by CNN in relation to the takeover. Fast forward to summer 2019 and with photos of the club’s laughable facilities (inflatable paddling pools and wheelie bins filled with ice) emerging online in the intervening years, the recently-departed Rafa Benitez commented: “when I came to Newcastle, they gave me the plans for the new training ground. PCP Capital Partners is a venture capital company and the Reuben brothers - David and Simon - are primarily in the property investment sector.

Get your daily update and weekly newsletter by signing up today! The information contained in Goal.com may not be published, broadcast, rewritten, or redistributed without the prior written authority of Goal.com, Goal brings you all you need to know about the abandoned Saudi Arabian takeover of the St James' Park club, Suarez knew Koeman wanted him out but Barca exit still 'very hard', Ronaldo didn’t try to talk Pjanic out of Barca move, Cole reveals why Man Utd can't attract top players, What have Barcelona done? We will not share your email address with any third parties. Fancy writing for us: Apply to become a Sports Writer at the Sporting Ferret. © Copyright 1997 - 2020 NewsNow Publishing Limited. According to The Mirror, the prospective new owners of Newcastle United want the club to break into the top six of the Premier League. Chris Mort, the lawyer acting for Staveley, served briefly as Newcastle’s chairman under Ashley; he can certainly advise the consortium what not to do. Newcastle United Full name Newcastle United Football Club Nickname(s) The Magpies Founded 9 December 1892; 127 years ago () Ground St James' Park Capacity 52,305 [1] Owner Mike Ashley Managing Director Lee Everton’s New Signings: Will They Be A Success Or Failure? Little is ever truly transparent in football but in Newcastle’s case increased openness is not only possible but required. Interestingly, it is not the first Premier League club that the Saudi investors have been involved in discussions with. Then there is are futures of three loanees, Danny Rose, Nabil Bentaleb and Valentino Lazaro, to consider. The remaining 20% was to be split between Amanda Staveley's PCP Capital Partners (10%) and British businessmen, the Reuben brothers (10%). Human rights group Amnesty argued that Saudi Arabia’s interest in Newcastle serves as “a PR tool to distract from the country's abysmal human rights record," while Hatice Cengiz, the fiancée of late journalist Jamal Khashoggi, said the takeover would “stain” the Premier League.

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