By Daily Sports on October 9, 2021
Newcastle United’s new owners face an early spending opportunity of £200m. Newcastle could spend £200million on transfers and not be in breach in Financial Fair Play regulations, it has been calculated. That is because Mike Ashley has left the club in a strong position financially thanks to his stringent operating in recent years. Ashley sold Newcastle to a Saudi-led consortium for £300m on Thursday. And with the Saudi Arabia Public Investment Fund worth around £320billion, the Toon have become the richest club in world football. However, there were fears their spending would be limited to comply with FFP, which limit losses over a three-year period to £105m. Football finance expert Kieran Maguire told the Daily Mail: “For all that is wrong with Mike Ashley, I would love to be buying a club from him. “There is a lot of scope to increase the investment in Newcastle if any new owners choose to do so.” (Tribal Football) •PHOTO: Newcastle new owners
Source Daily Sports
Posted October 9, 2021
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