The Saudi Arabia Public Investment Fund completed their £300 million takeover of Newcastle United recently. This has resulted in them becoming the richest football club in the world. However, they are currently in 19th place in the Premier League and have not won a single game yet.
But due to their financial power, the future looks good for the Magpies. The first big change that we can expect at Newcastle United is the recruitment of players.
While the club was previously intent on signing free agents and loanees, they now have the money to go ahead and spend on players. This will encourage the board to make investments in players that can generate a positive return on the pitch. In the long run, top-rated players could look to join the black and white club once again. Since they will have the ability to pay these players well, it could be a similar situation to Manchester City or PSG.
In the span of a few weeks or months, Steve Bruce might no longer be in charge of Newcastle United due to his performances with the team. The arrival of an established manager is pivotal to the success of a team, and that is exactly what the new owners could look to do imminently.
Once Newcastle have a decent team at their hands, they could challenge for European spots once more. This will lead to a challenge for the Premier League title in the future and will further distort the idea of the Premier League’s Big Six, which has already been challenged by West Ham and Leicester.
