Newcastle fans rally outside the stadium as new owner confirmed
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Amanda Staveley insists no future has been made on Steve Bruce’s future and plans to speak to the Newcastle United boss in the “coming days” following the club’s takeover by the Public Investment Fund (PIF). The Saudi-based consortium saw their £305million deal ratified by the Premier League on Thursday to take control from Mike Ashley.
A breakthrough in the 18-month long negotiations was reached over the past few days when Qatar-based broadcaster beIN Sports settled its dispute over alleged piracy concerning its broadcasting of Premier League games.
One of the key figures in making the deal happen was financier Staveley, who was originally involved in PCP Capital Partners’ failed takeover bid back in April 2020.
But Staveley’s firm PCP, along with the PIF and the Reuben Brothers, completed their purchase of the club on Thursday afternoon after receiving the green light from the Premier League.
Staveley has already set out an exciting vision for the Magpies, promising “heavy investment” as the consortium, backed with limitless riches, aim to take on the Premier League’s superpowers.
And that could spell bad news for current boss Bruce, who has been in charge of the club since succeeding Rafa Benitez in July 2019.
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Under the 60-year-old, Newcastle have taken just 37 points from their last 38 games and there are fears the club could be relegated this season.
The club have stagnated in recent seasons with little investment in the squad — their £25m purchase of Joe Willock was their only expenditure during the summer transfer window.
Bruce’s side currently sit 19th in the Premier League without a win from their opening seven games of the season.
But Staveley, who stated her delight that the deal has gone through, suggested they will only assess the situation when they do a review of the club.
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“I did speak to the manager [Bruce], said hello and introduced ourselves,” Staveley told Sky Sports.
“We look forward to speaking to him over the next few days.
“There’s an international break now, everyone is just relieved at getting some rest before the Tottenham game.
“We’re very supportive of Steve, we’ve spoken to him and what we won’t do is talk about him or players, we’re going to do a review of football operations, commercial side of the club, we’ll come back and make some decisions.
“I’m not able to talk about anything as to players or managers at this stage.”
Despite Staveley’s comments, it is understood the PIF will look to install a new manager to mark the new era of the club.
Steven Gerrard, Antonio Conte and Zinedine Zidane have all been mentioned as potential high-profile candidates and Staveley added fuel to the fire by insisting the club are keen to bring glory back to St James’ Park.
“I hope so, it’s been a long time coming, but success is at the top of our agenda,” she said.
However, she has attempted to temper expectations on big-name signings arriving through the doors t at St James’ Park, promising to adhere to Financial Fair Play (FFP) regulations.
“Obviously we’ve just come here, we’ve got a great squad, we’re really proud,” she added.
“I had a great chat with Jamal [Lascelles], we’re really excited about strengthening the squad.
“We have to work with FFP and make sure this is done over a long term.
“You can be assured we want to invest at every level. We want to get the best squad we possibly can.
“Everyone talks about big names, but actually what you need is a team that works together, that’s just as important.
There was a generally positive mood displayed by the club’s supporters reacting to the new regime as they gathered outside St James’ Park on Thursday.
And the new owners will have some time to get acquainted to their new surroundings, with Newcastle’s next fixture against Tottenham taking place at home on October 17.
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