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Details Continue to Emerge as NUFC Saudi Takeover Edges Closer

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A new chairman, club strategy and transfer policy are among the details that have leaked about how the club will be run under the new consortium

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Yasir al-Rumayyan, chairman of Saudi Aramco, speaks during a press conference in 2019
Photo by -/AFP via Getty Images

An eventful week for Newcastle takeover news has come to a rather exciting conclusion as the Daily Mail released another exclusive report detailing some of the immediate plans for the potential new ownership group comprised of Amanda Staveley’s PCP Capital Partners, The famed Reuben Brothers, and the incredibly wealthy Saudi PIF.

The report begins by giving some insight into who the future chairman of the club will be. According to the mail Yasir Al-Rumayyan is in the final stages of taking over the role as chairman of the club, with an announcement of the deal being done imminent. Al-Rumayyan currently the chairman of Saudi Aramco, the biggest oil company in the world, and governor of the Public Investment Fund. He has already established himself as one of the key financial figures in Saudi Arabia and will essentially be the public face of the club going forward. The Mail notes that Al-Rumayyan will be undergoing the Premier League fit and proper checks. Al-Rumayyan will likely be the first appointment for Newcastle under the new ownership group as the Mail claim approving the new board will likely take several weeks.

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Under the Leadership of Yasir Al-Rumayyan Saudi Aramco has been the most successful oil company in the world
Photo by -/AFP via Getty Images

The report goes on to give some detail into how the club is set to be run under the new ownership group based on a 350 page document that was sent to the Premier League outlining their plans for the club. The plan includes pumping hundreds of millions of dollars in investment into the club to create a side that could compete in the Champions League in stages over the next 3 years. Additionally, the document details new commercial sponsorships, stadium improvements, and plans for the day-to-day management of the club.

The Mail also give some insight into how the consortium plans on building their team. Going forward there will be a focus on buying star players and training younger players to try to create sustained success. This policy lines up with the news that Newcastle are seriously considering signing upcoming free agent forward Dries Mertens as one of their first marquee signings to usher in a new era.