‘You can expect ambition’: Newcastle’s new chairman outlines plans in a letter to fans after £305m takeover… with owners aiming to build ‘long term success’ and allow supporters to have their say on the club’s future
Newcastle United’s new owners have outlined their plans for the club’s future in an open letter to supporters.
It was confirmed on Thursday that a consortium backed by Saudi Arabia’s Public Investment Fund completed a £305m deal to take control of the club, with the new owners wanting to transform the Magpies into a superpower like Manchester City and Paris Saint-Germain.
The club’s new chairman Yasir Al-Rumayyan, has now penned a letter in which he talks about their ambitions and pledges to deliver a team that the fans can be proud of.
Newcastle chairman Yasir Al-Rumayyan has penned a letter to supporters after the takeover of the club by the Saudi-based consortium
As reported by the Newcastle Chronicle, he says: ‘First of all, I want to stress that we are incredibly proud to be the custodians of an institution like Newcastle United. This is your Club.
‘It has been at the heart of the community for more than 125 years – there are season ticket holders today who are following in the footsteps of their parents, grandparents and great-grandparents.
‘As the new owners, we will listen to the community. Owning this club is not a responsibility we have taken on lightly and we will never lose sight of what it means to be part of Newcastle United.
‘I also wanted to give you an understanding of what you can expect from us as owners and what our plans are for your club at this stage.
The new chairman has promised fans they aim to ‘build long-term success’ for the Magpies
‘Most importantly, you can expect ambition. Like you, we want to create a consistently successful team. We’re here to build long-term success for the club.
‘What will that look like in practice? ‘First and foremost, we want to talk to people at the Club and across the wider community to get their input before we finalise our plans.
‘We will make sure to focus on things that will deliver long-term success.
‘Whilst we are newcomers to Newcastle, we are investing alongside people who have been committed to this Club and this city for many years.
‘Amanda Staveley’s PCP Capital Partners is a key part of our investment group. Jamie Reuben and his family are already significant investors in the city of Newcastle.’
Co-owner Amanda Staveley said they have the same ambitions as Manchester City and PSG
Newcastle now boast the wealthiest football-club owners on the planet.
The move was finally given the go-ahead by the Premier League who had previously blocked the deal due to TV piracy issues in the country involving its broadcast partner in the Middle East beIN Sports.
As thousands of supporters celebrated at St James’ Park, co-owner Amanda Staveley told Sportsmail: ‘Of course we have the same ambitions as Manchester City and PSG in terms of trophies, absolutely, but that will take time.
‘Do we want to win the Premier League within five to 10 years? Yes. This takeover is hugely transformative. We want to see trophies. But trophies need investment, time, patience and team work.’
Head coach Steve Bruce’s future is at risk with Staveley and the board – including Al-Rumayyan and Jamie Reuben making the decision on whether there should be a managerial change.