The Saudi Public Fund bought Newcastle as their worth is now estimated at €330 billion. The Magpies can spend €186 million this transfer window.
Newcastle is currently in the relegation zone but the owners want to bring new signings to help them. The backline needs improvement and Conor Coady can be a great asset. Conor Coady helped Wolves to promotion in the 2017/18 season. As of today, he has 287 appearances and has played every minute for Wolves this season.
According to the Sun, Newcastle has added Conor Coady to their list of targets.
They look to sign him in the summer window.
Have PL authorities made the wrong decision about Newcastle?
In 2020 the concept of a European Superleague angered the fans worldwide. It came by surprise but the fans held on and their actions persuaded the super league participants to leave. Many former players were angry as well because of the idea. Real Madrid presidents Florentino Perez and Andrea Agnelli from Juventus came up with the idea.
Their ideology was based on the UCL committee siphoning a big amount of money. The participating teams as well as the winning team would get smaller amounts. The Super League only involved the big teams and none of the smaller teams. The big teams would have been funded very well to compete.
“Created by the poor, stolen by the rich.” The Super League instigated the fans and this led to the cancellation of the league within a week. According to the Guardian, Premier League clubs have appealed against the Newcastle take-over. The governing body has allowed the Saudi Arabia Public Fund to buy the Magpies.
This comes as no different from the Superleague. Newcastle now has unlimited funds and an advantage over all other clubs in the league. The Super League did not have any evaluation method. No team had any basis or any method of claiming the funding. Whether they were worthy of the funding was not an issue at all.
Agreements made between the PL governing body and Saudia Arabia
The Premier League clubs feel the same way as they were unaware about the Newcastle take-over.
The Saudi Arabia kingdom will not control Newcastle United. They have lifted their ban on Bein Sports and have promised to stop illegal streaming sites of Premier League football. The PL governing body made these agreements and then allowed the takeover to happen.
Many fans demanded a new system of regulation as soon as possible.
Alison McGovern, the shadow sports minister, said: “This is ultimately a failure in the way that football is governed.”
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