News Update:Newcastle United’s takeover is under scrutiny as PIF faces a significant FFP/PSR barrier.

News Update:Newcastle United’s takeover is under scrutiny as PIF faces a significant FFP/PSR barrier.

Due to FFP/PSR regulations, Newcastle United was unable to make any purchases during the January transfer window.

Garth Crooks, a former striker for Tottenham Hotspur, has questioned if Newcastle United’s takeover can ever reach

its full potential. Following his departure in October 2021, Mike Ashley established the Magpies as the richest team

in the world. The sovereign wealth reserve of Saudi Arabia, the Public Investment Fund, bought an 80% share in

Newcastle.

Their pool is thought to be worth an impressive £700 billion, but spending on Tyneside has had to be done carefully. Newcastle has lagged behind due to FFP/PSR constraints, despite an increase in investment since Ashley took over.

The days of Sheikh Mansour flying into Manchester City and winning the Premier League in less than four years are long gone. According to BBC analyst Crooks, the Saudi-backed leadership is having trouble “assembling” a top-tier team.

“Newcastle will need a bigger squad if they are to compete with the best teams,” he stated. As Financial Fair Play regulations loom large over everyone, it will be exceedingly challenging to put together the team that their owners can afford.

After the 1-0 victory against Fulham, Crooks also praised Bruno Guimaraes, a favorite toon player. The Brazilian, who has been connected to a move away from St. James’ Park due to FFP/PSR issues, scored the game’s lone goal to preserve Newcastle’s hopes of qualifying for Europe.

After selecting Guimaraes for his team of the week, Crooks continued, “He’s been a revelation for the team since he arrived at St James’ Park.” He is adored by the supporters and is indispensable to his squad. On his 100th game for Newcastle against Fulham, Guimaraes scored the game’s winning goal.

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