- The long-awaited £305 million Saudi takeover of Newcastle is complete
- Chairman Yasser Al-Rumayyan has written an open letter to the club’s supporters
- He outlined his new plans and emphasized on building ‘long-term success’.
- It has also been added that supporters will be able to get their input at St James’s Park
The new owners of Newcastle United 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 had completed a £305m deal to take control of the club, with new owners looking to turn the Magpies into superpowers like Manchester City and Paris Saint-Germain.
The club’s new president Yasser al-Rumayyan has now written a letter in which he talks about his ambitions and pledges to deliver a team that fans can be proud of.
Newcastle president Yasser Al-Rumayyan has written a letter to supporters following the club’s takeover by the Saudi-based consortium
as reported by Newcastle Chronicle, he says: ‘First of all, I want to emphasize that we are incredibly proud to be the patrons of an institution like Newcastle United. This is your club.
‘It has been at the heart of the community for over 125 years – today there are season ticket holders who are following in the footsteps of their parents, grandparents and great-grandfathers.
‘As the new owners, we will listen to the community. Owning this club is not a responsibility we take lightly and we will never forget what it means to be a part of Newcastle United.
‘I would also like to tell you what you can expect from us as owners and what are our plans for your club at this stage.
The new president promises fans that he aims to ‘build on long-term success’ for the Magpies
‘Most importantly, you can expect ambition. Like you, we constantly want to build a successful team. We are here to build long term success for the club.
‘What would it look like in practice? ‘First and foremost, we want to speak to people from the club and the wider community to get their input before finalizing our plans.
‘We will make sure to focus on the things that will deliver long-term success.
‘While we are newcomers to Newcastle, we are investing with people who have been committed to this club and this city for many years.
‘Amanda Staveley’s PCP Capital Partners is an important part of our investment group. Jamie Reuben and his family are already important investors in the City of Newcastle.’
Co-owner Amanda Staveley says he has ambitions like Manchester City and PSG
Newcastle now boasts the wealthiest football-club owners on the planet.
The move was eventually cleared by the Premier League, which had previously put the deal on hold due to TV piracy issues in the country involving its broadcast partner in the Middle East beIN Sports.
Thousands of supporters celebrated at St James’s Park, with co-owner Amanda Stavley telling SportsMail: ‘Of course we have the same ambitions as Manchester City and PSG in terms of trophies, but it will take time.
‘Do we want to win the Premier League within five to 10 years? Yes. This acquisition is extremely transformative. We want to see trophies. But trophies require investment, time, patience and teamwork.
Head coach Steve Bruce’s future is in jeopardy with Stavley and the board – including Al-Rumayun and Jamie Reuben – deciding on whether there should be a managerial change.